SNOWFLAKE INC-CLASS A (NYSE:SNOW) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s cloud data platform and strong technical setup make it a compelling candidate for growth-focused investors.
Why SNOW Fits the Minervini Trend Template
The Trend Template requires stocks to meet specific technical conditions to confirm a strong uptrend. SNOW satisfies these criteria:
-
Price Above Key Moving Averages:
- Current price ($215.97) is above the 50-day ($191.32), 150-day ($174.62), and 200-day ($160.43) moving averages.
- The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
- The 200-day MA is trending upward, reinforcing long-term strength.
-
Strong Relative Strength:
- SNOW has a ChartMill Relative Strength (CRS) score of 93.5, meaning it outperforms 93.5% of all stocks.
-
Price Near 52-Week High:
- The stock is trading within 4.3% of its 52-week high ($225.68), indicating strong momentum.
- It is also 102% above its 52-week low ($107.13), showing significant recovery potential.
Growth Fundamentals Supporting the Case
SNOW’s fundamentals align with high-growth investing principles:
-
Revenue Growth:
- Quarterly revenue growth (YoY): 25.7% (latest quarter).
- Annual revenue growth (TTM): 27.5%.
- The company has consistently beaten revenue estimates in the last four quarters.
-
Earnings Momentum:
- Latest quarterly EPS growth: 71.4% YoY.
- While annual EPS growth has been volatile, recent improvements suggest accelerating profitability.
-
Free Cash Flow Growth:
- FCF per share (TTM): $2.21, up 21.3% YoY.
Technical Outlook
According to ChartMill’s technical report, SNOW has:
- A technical rating of 9/10, reflecting strong upward momentum.
- A setup rating of 7/10, indicating a consolidation phase that could present a buying opportunity.
- Key support at $208.17, with resistance near $222.62–$223.78.
For a deeper technical breakdown, see the full technical report here.
Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.
Disclaimer
This is not investment advice. Always conduct your own research before making investment decisions.
