TTM TECHNOLOGIES (NASDAQ:TTMI) Presents a High-Growth Momentum and Technical Breakout Opportunity

Investors looking for high-growth momentum chances paired with reliable technical breakout formations often search for stocks that perform well in several areas. The method centers on finding companies showing solid earnings and sales momentum, favorable analyst changes, and increasing profit margins, important parts of the ChartMill High Growth Momentum Rating. At the same time, these stocks need to show good technical condition and base patterns, as evaluated by ChartMill's Technical and Setup Quality Ratings, to find the best times to buy. This layered method aids in finding securities set for the possible extension of their growth path while providing clear risk limits.

Growth Momentum Fundamentals

TTM TECHNOLOGIES (NASDAQ:TTMI) offers a strong case for growth momentum investors, scoring 6 out of 10 on the High Growth Momentum Rating. The company's earnings results display notable speed increases over recent periods, with special force in year-over-year comparisons:

• Quarterly EPS growth has shown steady gains: 46.3% (Q-3), 61.3% (Q-2), 48.7% (Q-1), and 63.4% in the newest quarter
• Trailing twelve-month EPS growth is at 54.6%, greatly exceeding the company's past results
• Revenue growth has also sped up, getting to 22.1% in the latest quarter versus 14.4% three quarters before

The company has set a habit of going beyond predictions, topping EPS estimates by an average of 16.6% over the last four quarters while also beating revenue estimates in each period. Analyst opinion has become more favorable, with next-year EPS estimates adjusted higher by 13.1% over the past three months. Profit margin growth gives another good signal, rising from 0.8% three quarters ago to 7.0% in the most recent quarter, showing better operational effectiveness together with top-line growth.

Technical Strength Assessment

From a technical viewpoint, TTM Technologies shows very good condition, receiving a full 10 out of 10 Technical Rating. The stock's performance numbers show considerable momentum over several periods:

• The stock has increased 163.9% over the past twelve months, doing better than 97% of all stocks in the market
• Shorter-term performance stays good with 42.6% increases over three months and 11.7% in the past month
• All main moving averages (20-day through 200-day) are moving up, confirming the force of the positive trend
• Relative strength places in the 97th percentile, meaning notable outperformance compared to the wider market

The technical view stays good even with the S&P 500's conflicting signs, where the long-term trend is down but the short-term trend is up. TTMI's steady upward movement over several periods indicates the stock has kept its momentum separate from wider market doubts.

Setup Quality Analysis

With a Setup Rating of 7, TTM Technologies shows a workable base formation for a possible breakout entry. The stock has been changing hands between $54.43 and $71.85 over the past month, with present prices located in the middle of this band. The technical review finds a number of support zones that give clear risk management points:

• Main support area between $62.44 and $63.33, made by several trendlines over daily and weekly periods
• Next support between $58.90 and $59.50, joining trendline and moving average combination
• More support at $56.45 from daily trendline study

Resistance seems light, with just one important level seen at $70.50. The lower price swings during recent basing, joined with the clear support framework, makes good circumstances for a possible breakout. The formation indicates an entry above $70.51 with a stop loss below $62.43, meaning a measured risk of about 11.5% for the trade.

Investment Considerations

The mix of speeding fundamental growth and good technical placement makes TTMI worth notice for momentum investors. The company's steady earnings beats, higher analyst adjustments, and margin growth match well with what high-growth investors look for, while the technical formation gives a planned method to entry. The stock's very good relative strength and full technical rating suggest institutional backing stays sound even with recent basing.

For investors looking for similar chances, the High Growth Momentum Breakout Setups screen frequently finds stocks meeting these strict standards, joining strong growth basics with good technical formations.

Disclaimer: This analysis is based on current data and technical indicators and should not be considered investment advice. Investors should conduct their own research and consider their risk tolerance before making any investment decisions. Past performance does not guarantee future results, and all investments carry inherent risks including potential loss of principal.