ZAI LAB LTD-ADR (NASDAQ:ZLAB) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The biopharmaceutical company, focused on oncology, autoimmune disorders, infectious diseases, and neuroscience, demonstrates strong technical and fundamental characteristics that make it a candidate for growth-oriented investors.
Why ZLAB Fits the Minervini Trend Template
Minervini’s strategy emphasizes stocks in strong uptrends with clear technical strength. ZLAB meets these criteria:
Price Above Key Moving Averages:
Current price ($41.00) is above the 50-day ($31.98), 150-day ($30.46), and 200-day ($28.96) moving averages.
The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
Upward-Trending Averages:
The 200-day MA has been rising, indicating a long-term uptrend.
Strong Relative Strength:
ZLAB’s relative strength ranking is 95.84, meaning it outperforms nearly 96% of all stocks.
Price Near 52-Week High:
The stock is trading within 7.5% of its 52-week high ($44.34) and is up 119% over the past year.