TTM TECHNOLOGIES (NASDAQ:TTMI) Shows Strong Technical and Fundamental Momentum

Investors looking for high-growth possibilities often mix strict technical screening with fundamental momentum measures to find stocks set for possible gains. The method used in this case brings together Mark Minervini's Trend Template, which sorts for stocks showing solid technical upward trends and momentum features, with a High Growth Momentum (HGM) rating to make sure the main company shows speeding up fundamental results. This two-part method tries to find companies not just in a good technical spot but also those with the financial strength to maintain their growth path.

TTM TECHNOLOGIES (NASDAQ:TTMI) has come up as a candidate from this screening process, presenting a strong case for more study. The company, a maker of printed circuit boards and backplane assemblies, seems to be performing well from both a technical and fundamental viewpoint.

Technical Strength and Trend Template Alignment

A main idea of the Minervini plan is to put money in the direction of the main trend, focusing on stocks showing clear technical strength. TTM Technologies shows a clear match with the Trend Template rules, which is made to find stocks in a strong Stage 2 upward move.

The stock's price movement confirms its positive stance across several time periods. The present price of $68.29 trades well above all its main simple moving averages, the 50-day ($60.70), 150-day ($46.04), and 200-day ($39.99). Importantly, all these moving averages are themselves in upward slopes, with the 50-day above both the 150-day and 200-day, confirming a solid and orderly uptrend. This arrangement is a basic part of the Trend Template, making sure the stock is being bought and that buyers are in charge across short, medium, and long-term views.

Also, the stock's place compared to its 52-week range shows clear momentum. Trading at $68.29, TTMI sits about 333% above its 52-week low of $15.77 and within 5% of its 52-week high of $71.85. The Minervini method notes that real market leaders are often found close to new highs, not among much lower-priced poor performers. This nearness to the high, along with a very good ChartMill Relative Strength (CRS) rating of 97.62, shows that TTMI is doing much better than most of the market, a key feature of leading stocks.

High Growth Momentum Fundamentals

While a solid chart is important, the Minervini plan gives the same weight to solid and speeding up fundamentals to support the price momentum. TTM Technologies shows this through notable earnings and sales growth, which are important factors for high-growth investors.

The company's earnings ability has grown a lot. The Trailing Twelve Months (TTM) EPS is at $2.35, showing a year-over-year growth of more than 54%. More significantly, this growth is not a single event but shows a pattern of speeding up. The most recent three-month EPS grew 63.4% compared to the same three months last year, after earlier three-month periods with growth of 48.7%, 61.3%, and 46.3%. This steady and speeding up earnings growth is a sign of companies having strong operational momentum and is a main filter in high-growth screens.

The fundamental strength also applies to the top line. TTM revenue growth on a TTM basis is almost 18%, with the last three months showing a 22.1% year-over-year rise. The company has also shown a skill to beat forecasts, topping EPS guesses in each of the last four three-month periods by an average of more than 16%. Analyst belief is further shown in upward changes, with the average EPS guess for next year going up by 5.66% over the last three months. This mix of solid actual results and improving future outlooks creates a strong fundamental support.

Risk Management and Technical Summary

Any talk of a possible investment must include a look at risk. According to the ChartMill Technical Report, TTMI has a perfect technical rating of 10 out of 10, showing very good technical health. The report states the following main points:

• The stock is in a confirmed uptrend on both short-term and long-term timeframes.
• It is trading near its 52-week high and shows high relative strength, doing better than 97% of all stocks and 95% of its industry group over the past year.
• An important support area is found between $58.01 and $58.83, which could work as a sensible place for a stop-loss order if the trend changes.
• Close resistance is noted near the $70.50 level.

A full look at the technical situation, including exact entry and exit ideas based on this study, can be found in the full ChartMill Technical Report for TTMI.

Conclusion

TTM Technologies presents a strong case for investors using a high-growth momentum plan. The stock meets the strict technical rules of the Minervini Trend Template, confirming it is in a solid uptrend and is a shown market leader. This technical strength is supported by speeding up fundamental results, including fast earnings growth, solid sales rises, and positive analyst feeling. While the stock has already had a big climb, its technical setup and fundamental momentum indicate the chance for continued strength, if it stays within its main trend.

For investors looking for other chances that meet this strict mix of technical and fundamental growth rules, this screen can be used to find more candidates.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. The analysis is based on provided data and should not be interpreted as a recommendation to buy or sell any security. Always conduct your own research and consider your financial situation and risk tolerance before making any investment decisions.