EXELIXIS INC (NASDAQ:EXEL) is a biotechnology company focused on developing treatments for difficult-to-treat cancers. The stock has shown strong technical and fundamental characteristics that align with Mark Minervini’s Trend Template, making it a potential candidate for further analysis.
What Makes a Minervini Stock?
Mark Minervini’s Trend Template identifies stocks in strong uptrends by evaluating price action, moving averages, and relative strength. Stocks that meet these criteria typically exhibit:
- Strong price momentum – Trading near 52-week highs
- Positive moving average alignment – Price above key moving averages (50-day, 150-day, 200-day) with rising slopes
- High relative strength – Outperforming the broader market
- Solid fundamentals – Accelerating earnings and revenue growth
Why EXELIXIS INC (NASDAQ:EXEL) Stands Out
Technical Strength
According to the ChartMill Technical Report, EXELIXIS INC (NASDAQ:EXEL) scores a perfect 10 on technical rating, indicating a robust uptrend. Key highlights include:
- Price above key moving averages:
- Current price: $39.16
- 50-day SMA: $36.89 (rising)
- 150-day SMA: $34.05 (rising)
- 200-day SMA: $31.84 (rising)
- Strong relative strength: Outperforming 96% of all stocks over the past year
- Near 52-week high: Trading at $39.16, close to its 52-week high of $40.02
- Positive trends: Both short-term and long-term trends are bullish
Fundamental Strength
EXELIXIS INC (NASDAQ:EXEL) also demonstrates strong fundamentals:
- Earnings growth (TTM): +189.06%
- Quarterly EPS growth: +77.78%
- Revenue growth (TTM): +18.50%
- Profit margin (latest quarter): 24.68%
- Analyst revisions: EPS estimates for next year revised +20.21% higher in the last three months
These metrics suggest accelerating growth, a key factor in Minervini’s strategy.
Key Support and Resistance Levels
The technical report identifies:
- Support zones: Strongest support between $35.81 - $37.20 (multiple moving averages & trendlines)
- Resistance: Near $39.16, which could act as a breakout level
Conclusion
EXELIXIS INC (NASDAQ:EXEL) meets multiple criteria of the Minervini Trend Template, with strong technicals, high relative strength, and accelerating fundamentals. While the stock does not currently offer a high-quality setup due to recent volatility, it remains one to watch for potential consolidation and future breakout opportunities.
For more detailed analysis, review the full technical report here.
Disclaimer: This is not investment advice. Always conduct your own research and consider risk management before making any investment decisions.
