SSR Mining Inc (NASDAQ:SSRM) Shows Strong Growth Momentum and Technical Breakout Potential

A systematic method for finding possible investment chances joins basic growth speed with technical breakout shapes. This process searches for stocks showing good quarterly earnings speed, good analyst changes, and increasing profit margins - main parts of the ChartMill High Growth Momentum Rating. At the same time, these securities need to show good technical condition through the ChartMill Technical Rating and offer usable entry points by way of the Setup Quality Rating. This two-part filter plan tries to find companies having both speeding business basics and good chart formations.

Growth Momentum Analysis

SSR Mining Inc (NASDAQ:SSRM) shows interesting growth traits that add to its High Growth Momentum Rating of 6. The company shows very good quarterly earnings speed, with the latest quarter showing a 1,175% year-over-year EPS rise. This large gain comes after a pattern of good speed across several basic measures. The next quarter guesses show continued good results with 840.7% expected EPS growth, meaning analysts think the good direction will continue.

Several main growth measures are notable:

• Free cash flow per share jumped 647.9% over the last year
• Profit margins grew greatly from 1.7% two quarters ago to 22.2% in the latest quarter
• Revenue guesses for the next year have been moved up by 10.2% over the last three months
• The company passed EPS guesses in two of the last four quarters by an average of 34.9%

These measures fit with the High Growth Momentum method's aim of finding companies with speeding basics, growing profitability, and good analyst feeling - all important things for momentum investors looking for companies in the early parts of an operational change or speed phase.

Technical Strength Assessment

The technical view for SSR Mining supports the good basic story. The stock gets a ChartMill Technical Rating of 9, putting it with the best performers from a technical view. This good rating shows several favorable technical traits that momentum investors usually look for. The long-term direction stays good even with some short-term consolidation, and the stock shows impressive relative strength, doing better than 98% of all stocks in the market over the last year.

Key technical points contain:

• The stock trades in the high part of its 52-week range with gains of 269.2% over the last twelve months
• All main moving averages (20, 50, 100, and 200-day) are in rising setups
• Industry-relative strength is very good, doing better than 93% of metals and mining stocks
• Average daily volume of 3.57 million shares gives enough liquidity

The detailed technical report gives more understanding into support and resistance levels that traders can use for position management.

Setup Quality Evaluation

With a Setup Rating of 7, SSR Mining offers a possibly attractive entry pattern for momentum investors. The setup study shows lower volatility while prices consolidate in the recent time, making a base from which another rise could appear. The technical formation gives clear risk management points with a set support area between $21.89 and $22.44, offering a logical place for stop-loss setting.

The consolidation shape has formed even with the stock's good longer-term upward direction, suggesting institutional gathering rather than selling. This kind of price action often comes before continuation moves when joined with good basic developments. The setup quality review thinks about several things including nearness to moving averages, support area strength, and volatility tightening - all of which add to the favorable rating.

Trading Considerations

For investors using this joined growth and technical method, SSR Mining stands as an interesting example of how basic speed can happen at the same time as technical consolidation. The stock's large gain in quarterly earnings and cash flow creation gives the basic reason for its price rise, while the technical setup offers a possibly set risk-reward situation. The joining of good growth measures, positive analyst changes, and technical consolidation makes an interesting profile for momentum plans.

Readers wanting to find more securities that meet these standards can look at more results through this screening link, which often updates with new possible chances fitting these growth and technical measures.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any securities. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results.