For investors looking to join solid core business progress with positive chart formations, a layered screening method can be very useful. One way is to select stocks that show healthy high-growth foundations, as seen in measures like earnings and sales speed, while also having good technical condition and a favorable price formation ready for a possible upward move. This method tries to find companies where strong foundational forces could be close to starting the next phase of a price rise, providing a combination of growth and timing indicators.
TTM TECHNOLOGIES (NASDAQ:TTMI) appears as a pick from this kind of screen, showing a clear mix of speeding financial results and a technically good chart shape.
Foundational Growth Progress
The company's foundational picture shows clear signals of progress, which is important for the high-growth investment style. This progress is not from one quarter but shows a continuing and speeding pattern in main financial measures.
- Earnings and Sales Increase: TTMI has shown large year-over-year increase. Trailing twelve-month (TTM) EPS rose more than 43%, while TTM revenue went up almost 19%. More notably, the latest quarterly sequence shows speed:
- EPS increase (Q-3 to Q-1): 61.3% to 48.7% to 63.4%
- Sales increase (Q-3 to Q-1): 13.8% to 20.7% to 22.1%
- Growing Profitability: A sign of a good growth narrative is not only top-line growth but also better margins. TTMI's quarterly profit margin has grown notably from 0.79% three quarters ago to 7.05% in the latest quarter. This shows the company is turning higher revenue more effectively into net income.
- Estimate Dependability: The company has a flawless history of surpassing analyst predictions, beating both EPS and revenue estimates in all of the last four quarters. An average EPS beat of more than 16% implies management is regularly performing above market projections.
These factors, speeding growth, growing margins, and positive surprises, are exactly what the High Growth Progress Rating aims to find, and they add to TTMI's good rating of 6 out of 10 in this group. For progress investors, this formation implies the company's business path is improving, which can come before more investor attention and price gains.
Technical Condition and Formation Quality
While good foundations give the "why," technical study assists with the "when." Per the full ChartMill Technical Report, TTMI shows a convincing technical image that matches its foundational progress.
The stock gets a high Technical Rating of 9 out of 10, showing very good technical condition. This number is backed by a long-term positive direction, with the stock doing better than 98% of the market over the past year. It trades in the higher part of its 52-week range, showing solid relative condition inside its sector.
Maybe more relevant for an investor seeking a point to enter is the Formation Rating of 7. The study states that TTMI is showing a "acceptable formation pattern," marked by lower volatility and price settling in the recent time after a large rise. The report finds a defined support area under the present price and notes almost no close resistance above, which are favorable parts for a possible upward move formation. This settling inside a strong upward direction lets the stock absorb its earlier gains and can form a base for its next step.
A Merging Chance
The example of TTM Technologies shows the screening idea: find companies where foundational progress is real and speeding, and match that with a stock chart that is both technically sound and making a logical pattern. The high Technical Rating confirms the stock is in a current upward direction and is a market frontrunner, while the Formation Rating implies the present halt in that direction may give a clear-risk entry chance. When this technical formation happens at the same time as the foundational driver of speeding earnings and sales growth, it makes a situation that fits the ideas of both growth and progress investing.
For investors wanting to examine other stocks that meet this particular mix of high-growth foundations and technical upward move formations, the screen used to find TTMI is ready for more study. You can find more results from this screen here.
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Disclaimer: This article is for information only and does not form investment guidance, a suggestion, or an offer to buy or sell any security. The study is based on given data and includes natural risks. Investors should do their own research and think about their personal money situation and risk comfort before making any investment choices. Past results are not a guide for future results.
