SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX) has emerged as a candidate for growth investors following a screen that combines Mark Minervini’s Trend Template with the ChartMill High Growth Momentum (HGM) rating. The Trend Template is a strict technical checklist designed to identify stocks in strong uptrends, focusing on moving average alignment, price action relative to 52-week highs and lows, and relative strength. By adding the HGM filter—which requires a score of at least 4 out of 10—the screen ensures that the stock not only looks good on a chart but also possesses the fundamental earnings and revenue momentum that often drives sustained price appreciation. This dual approach aims to capture stocks that are technically sound and fundamentally accelerating, a combination that historically has produced market leaders.
Why STX Passes the Minervini Trend Template
The Trend Template establishes a baseline of technical health, and STX clears every hurdle with room to spare. The current price of $1,070.23 sits well above all key moving averages: the 50-day SMA at $760.78, the 150-day SMA at $486.15, and the 200-day SMA at $421.84. Importantly, each of these averages is rising, with the 200-day SMA having moved up from $417.34 to $421.84, confirming the uptrend is intact. The 50-day SMA is also above both the 150-day and 200-day SMAs, while the 150-day SMA sits above the 200-day SMA—exactly the alignment Minervini demands to ensure buyers are in control across timeframes.
On the price range criteria, STX is trading at $1,070.23, which is 718% above its 52-week low of $130.92—far exceeding the 30% minimum. It is also within 6.5% of its 52-week high of $1,145.00, satisfying the requirement to be within 25% of the high. The ChartMill Relative Strength score of 99.52 means STX outperforms more than 99% of all stocks, a level that goes well beyond the minimum threshold of 70 and aligns with the preference for scores in the 80s or 90s. All eight Trend Template conditions are met, positioning STX as a textbook technical candidate.
High Growth Momentum: Fundamentals Drive the Story
Beyond the technical setup, the High Growth Momentum rating looks at whether earnings and revenue are accelerating—a core pillar of Minervini’s SEPA (Specific Entry Point Analysis) methodology. The data here is striking. Earnings per share (TTM) stands at $12.41, with 1-year EPS growth of 89%. The most recent quarter delivered a 115.8% year-over-year EPS gain, following a 53.2% gain in the prior quarter. This acceleration is exactly what Minervini looks for: not just growth, but increasing growth rates that suggest momentum is building.
Revenue is following a similar path. The trailing twelve-month revenue growth is 28.9%, and the latest quarter showed sales up 44.1% year-over-year, accelerating from 21.5% in the quarter before. Analysts are taking note: EPS estimates for the next year have been revised upward by 14.4% over the last three months, and next-quarter EPS is expected to grow 97.4% compared to the same quarter last year. Profit margins are expanding too—24.0% in the latest quarter, up from 20.0% three quarters ago. This combination of accelerating earnings, rising revenue, upward estimate revisions, and improving margins is the fundamental signature of a high-growth momentum stock.
Aligning with the Strategy’s Core Elements
The Minervini strategy is built on five elements: trend, fundamentals, catalyst, entry points, and exit points. With STX, the trend is confirmed by the Trend Template. The fundamentals are validated by the earnings and revenue acceleration shown above. The catalyst appears to be the company’s positioning in the data storage market, where demand from hyperscale data centers and cloud providers continues to drive growth. The screen does not prescribe exact entry and exit points, but the technical rating of 10 out of 10 from ChartMill indicates that the stock’s overall technical health is about as strong as it gets. The setup rating of 3 out of 10 is lower, which simply means the stock has been moving sharply and may benefit from a consolidation before offering a more defined entry. This is a common situation with fast-moving leaders—they often require patience to find the right moment.
Summary of the Technical Assessment
The ChartMill technical report gives STX a perfect rating of 10 out of 10. The stock’s short-term and long-term trends are both positive, it is hitting new 52-week highs in line with the market, and volume has picked up on the recent advance, which suggests institutional interest. The relative strength score of 99.52 confirms its leadership status within the Technology Hardware, Storage & Peripherals industry, where it outperforms 94% of its peers. The one neutral note is that the stock has risen sharply, so waiting for a pullback or consolidation may improve the risk-reward profile. Overall, the technical foundation is very strong, and the full report with detailed support and resistance zones is available at the ChartMill technical analysis page for STX.
For investors looking to run a similar screen and find other candidates that meet both the Minervini Trend Template and High Growth Momentum criteria, the predefined screen is available here: High Growth Momentum + Trend Template Screen. Click the link to explore the latest results.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any trading decisions.
Read full article here »
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Seagate Technology Holdings (NASDAQ:STX) Passes Minervini Trend Template and High Growth Momentum Screen
SEAGATE TECHNOLOGY HOLDINGS (NASDAQ:STX) has emerged as a candidate for growth investors following a screen that combines Mark Minervini’s Trend Template with the ChartMill High Growth Momentum (HGM) rating. The Trend Template is a strict technical checklist designed to identify stocks in strong uptrends, focusing on moving average alignment, price action relative to 52-week highs and lows, and relative strength. By adding the HGM filter—which requires a score of at least 4 out of 10—the screen ensures that the stock not only looks good on a chart but also possesses the fundamental earnings and revenue momentum that often drives sustained price appreciation. This dual approach aims to capture stocks that are technically sound and fundamentally accelerating, a combination that historically has produced market leaders.
Why STX Passes the Minervini Trend Template
The Trend Template establishes a baseline of technical health, and STX clears every hurdle with room to spare. The current price of $1,070.23 sits well above all key moving averages: the 50-day SMA at $760.78, the 150-day SMA at $486.15, and the 200-day SMA at $421.84. Importantly, each of these averages is rising, with the 200-day SMA having moved up from $417.34 to $421.84, confirming the uptrend is intact. The 50-day SMA is also above both the 150-day and 200-day SMAs, while the 150-day SMA sits above the 200-day SMA—exactly the alignment Minervini demands to ensure buyers are in control across timeframes.
On the price range criteria, STX is trading at $1,070.23, which is 718% above its 52-week low of $130.92—far exceeding the 30% minimum. It is also within 6.5% of its 52-week high of $1,145.00, satisfying the requirement to be within 25% of the high. The ChartMill Relative Strength score of 99.52 means STX outperforms more than 99% of all stocks, a level that goes well beyond the minimum threshold of 70 and aligns with the preference for scores in the 80s or 90s. All eight Trend Template conditions are met, positioning STX as a textbook technical candidate.
High Growth Momentum: Fundamentals Drive the Story
Beyond the technical setup, the High Growth Momentum rating looks at whether earnings and revenue are accelerating—a core pillar of Minervini’s SEPA (Specific Entry Point Analysis) methodology. The data here is striking. Earnings per share (TTM) stands at $12.41, with 1-year EPS growth of 89%. The most recent quarter delivered a 115.8% year-over-year EPS gain, following a 53.2% gain in the prior quarter. This acceleration is exactly what Minervini looks for: not just growth, but increasing growth rates that suggest momentum is building.
Revenue is following a similar path. The trailing twelve-month revenue growth is 28.9%, and the latest quarter showed sales up 44.1% year-over-year, accelerating from 21.5% in the quarter before. Analysts are taking note: EPS estimates for the next year have been revised upward by 14.4% over the last three months, and next-quarter EPS is expected to grow 97.4% compared to the same quarter last year. Profit margins are expanding too—24.0% in the latest quarter, up from 20.0% three quarters ago. This combination of accelerating earnings, rising revenue, upward estimate revisions, and improving margins is the fundamental signature of a high-growth momentum stock.
Aligning with the Strategy’s Core Elements
The Minervini strategy is built on five elements: trend, fundamentals, catalyst, entry points, and exit points. With STX, the trend is confirmed by the Trend Template. The fundamentals are validated by the earnings and revenue acceleration shown above. The catalyst appears to be the company’s positioning in the data storage market, where demand from hyperscale data centers and cloud providers continues to drive growth. The screen does not prescribe exact entry and exit points, but the technical rating of 10 out of 10 from ChartMill indicates that the stock’s overall technical health is about as strong as it gets. The setup rating of 3 out of 10 is lower, which simply means the stock has been moving sharply and may benefit from a consolidation before offering a more defined entry. This is a common situation with fast-moving leaders—they often require patience to find the right moment.
Summary of the Technical Assessment
The ChartMill technical report gives STX a perfect rating of 10 out of 10. The stock’s short-term and long-term trends are both positive, it is hitting new 52-week highs in line with the market, and volume has picked up on the recent advance, which suggests institutional interest. The relative strength score of 99.52 confirms its leadership status within the Technology Hardware, Storage & Peripherals industry, where it outperforms 94% of its peers. The one neutral note is that the stock has risen sharply, so waiting for a pullback or consolidation may improve the risk-reward profile. Overall, the technical foundation is very strong, and the full report with detailed support and resistance zones is available at the ChartMill technical analysis page for STX.
For investors looking to run a similar screen and find other candidates that meet both the Minervini Trend Template and High Growth Momentum criteria, the predefined screen is available here: High Growth Momentum + Trend Template Screen. Click the link to explore the latest results.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any trading decisions.
Read full article here »