SSR Mining Inc (NASDAQ:SSRM) Shows Strong Growth Momentum and Technical Setup

Investors looking for high-growth momentum chances often search for companies with solid earnings speed-up, good analyst changes, and growing profit margins, along with positive technical formations. The ChartMill High Growth Momentum Rating measures these basic growth parts, while the Technical Rating and Setup Quality score check trend force and base patterns. Stocks that rate well on these measures may offer interesting chances for momentum plans.

SSR Mining Inc (NASDAQ:SSRM) recently was found on a search aiming for stocks with a High Growth Momentum Rating over 4, Technical Rating over 7, and Setup Rating over 7, indicating it fits both basic momentum and technical breakout needs.

Growth Momentum Basics

SSR Mining shows several traits liked by high-growth momentum investors. The company displays notable quarterly earnings speed-up and major analyst hope, main parts the High Growth Momentum Rating checks for finding short-term earnings momentum.

• Recent quarterly EPS growth jumped 1,175% year-over-year, with next quarter guesses planning 892% growth
• Quarterly sales rose 119% year-over-year, with next quarter income growth guessed at 65%
• Analyst EPS guesses for next year have been moved up by 38% over the last three months
• Free cash flow per share increased 648% over the last year
• Profit margins grew greatly from 1.7% two quarters ago to 22.2% in the newest quarter

These numbers show the speed-up and positive changes the High Growth Momentum Rating focuses on, hinting at better operational results and analyst trust.

Technical Force and Setup Quality

The technical analysis report gives SSR Mining a full Technical Rating of 10, showing very good technical health across different time frames. The stock also gets a Setup Rating of 7, suggesting a positive base pattern for a possible breakout entry.

Technical strong points include:

• Both short-term and long-term directions are positive
• The stock does better than 98% of all stocks on yearly results and 95% of metals and mining industry friends
• Trading close to 52-week highs with all main moving averages pointing up
• Currently making a bull flag shape, often seen as a continuation pattern
• Clear support area between $23.06 and $23.24 gives set risk control levels

The setup review notes lower price swings with costs forming a base in recent times, making a possible entry chance with little block above present prices.

Investment Points

While SSR Mining shows strong momentum traits and technical setup quality, investors should note some varied basic signals. The company’s last twelve-month EPS fell 7% year-over-year, and earlier quarters showed big changes in earnings results. However, the major betterment in recent quarters and large analyst guess changes point to a possible turning point.

The technical setup offers a set risk-reward situation with support levels clearly marked. The mix of bettering basics, positive technical directions, and helpful chart shape makes SSR Mining worth looking at for momentum-focused plans.

For investors curious about similar chances, other high-growth momentum stocks with positive technical setups can be located using this specialized search.

Disclaimer: This review is for information only and does not make up investment guidance, suggestion, or backing of any security. Investors should do their own study and think about their money position, risk comfort, and investment goals before making any investment choices. Past results do not ensure future outcomes.