EXELIXIS INC (NASDAQ:EXEL) – A Strong Minervini Trend Template Candidate

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.