TG Therapeutics Inc (NASDAQ:TGTX): A Strong Minervini Trend Template Candidate

TG Therapeutics Inc (NASDAQ:TGTX) is a biotechnology company focused on developing treatments for B-cell malignancies and autoimmune diseases. The stock has shown strong technical and fundamental characteristics that align with Mark Minervini’s Trend Template, a method designed to identify high-potential stocks in strong uptrends.

Why TG Therapeutics Inc (NASDAQ:TGTX) Fits the Minervini Trend Template

Mark Minervini’s strategy emphasizes stocks with strong price momentum, upward-trending moving averages, and high relative strength. TGTX meets several key criteria:

Technical Strength

• Price Above Key Moving Averages: TGTX is trading above its 50-day ($37.61), 150-day ($31.93), and 200-day ($29.47) moving averages, confirming a bullish trend.
• Upward-Trending Averages: The 50-day, 150-day, and 200-day moving averages are all rising, indicating sustained momentum.
• Relative Strength: With a relative strength ranking of 98.76, TGTX outperforms nearly 99% of all stocks, a hallmark of market leadership.
• Near 52-Week High: The stock is trading within 2% of its 52-week high ($45.83), a sign of strong demand.

Fundamental Growth

• Earnings Growth: TGTX reported a 1,300% year-over-year EPS growth in its most recent fiscal year, signaling accelerating profitability.
• Revenue Growth: Revenue surged 40.8% year-over-year, with recent quarterly sales up 146%.
• Profit Margins: The latest quarter showed a 21.57% profit margin, a significant improvement from prior periods.

Support and Resistance

• Support Levels: Key support zones exist at $40.21 (moving averages and trendlines) and $33.49 (weekly trendline).
• Resistance: The stock faces resistance near $45.50, a breakout above which could signal further upside.

View the full technical analysis report for TGTX here.

Conclusion

TG Therapeutics Inc (NASDAQ:TGTX) exhibits strong technical and fundamental traits that align with Minervini’s criteria for high-momentum stocks. While the setup is not yet ideal for immediate entry due to recent volatility, the stock remains a compelling candidate for further analysis.

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