MID PENN BANCORP INC (NASDAQ:MPB) has been identified as a potential candidate for investors following Mark Minervini’s Trend Template approach, a systematic technical screen that seeks stocks in strong, sustained uptrends with aligned moving averages and high relative strength. In addition, the stock passes a High Growth Momentum filter, which ensures it also exhibits the fundamental acceleration that often precedes explosive price moves in leading growth stocks.
Technical Alignment With the Trend Template
A quick check of the technical data shows that Mid Penn Bancorp Inc (NASDAQ:MPB) satisfies every condition of Minervini’s eight???point Trend Template:
- Current price above key moving averages – The stock trades at $38.44, well above its 50???, 150??? and 200???day SMAs.
- Moving average slopes – The 150???day SMA ($33.09) and 200???day SMA ($32.16) are both rising, confirming a healthy long???term trend.
- Alignment – The 50???day SMA ($34.17) sits above both the 150??? and 200???day SMAs, and the 150???day is also above the 200???day.
- 52???week range – The current price is roughly 45???% above the 52???week low ($26.56) and only 1.8???% below the 52???week high ($39.15), well within the required 25???% of the high.
- Relative strength – The ChartMill Relative Strength score of 87.75 places MPB ahead of nearly 88???% of all stocks, far exceeding the minimum of 70.
Together these metrics indicate that MPB is in a clear Stage???2 uptrend with strong institutional support. For a full breakdown of the technical indicators, traders can review the detailed technical analysis report.
Fundamental Growth That Fuels Momentum
Beyond the chart, MPB’s fundamentals align with the high???growth requirements that Minervini stresses. The most recent quarterly earnings per share surged 171.9???% year???over???year, while revenue grew 38.6???% in the same period. Over the trailing twelve months, EPS growth stands at 15.7???% and revenue growth at 35.8???%. While the prior fiscal year showed a slight earnings decline, the sharp acceleration in the latest quarter and positive revenue trajectory fit the pattern of a company turning a corner and catching analysts’ attention. Free cash flow per share also expanded 54.5???% over the past year, underscoring improving operational efficiency.
Why This Combination Matters for the Strategy
Minervini’s approach is built on pairing technical strength with fundamental catalysts. A stock that passes the Trend Template already demonstrates that large buyers are accumulating shares, and when that demand is reinforced by accelerating earnings and revenue, the odds of a sustained breakout improve significantly. MPB’s recent price action – trading near its 52???week high on rising volume – suggests that the market is rewarding the underlying business momentum. However, the setup quality rating is only 3 out of 10 because the stock has been volatile lately, so investors should wait for a more controlled pullback or consolidation before entering to keep risk manageable.
High???Level TA Assessment
The ChartMill Technical Rating for MPB is a perfect 10, reflecting outstanding long??? and short???term trends, strong relative strength, and a leading position within its industry. The primary caveat is the low setup score – the recent price swings make it harder to pinpoint an optimal entry. Yet for growth???oriented traders who prioritize trend quality over immediate pattern perfection, MPB remains a compelling watchlist candidate.
Investors interested in applying this combined Minervini Trend Template and High Growth Momentum screen to find similar opportunities can access the live screener results.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and consider your risk tolerance before making investment decisions.
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Mid Penn Bancorp (NASDAQ:MPB) Passes Minervini Trend Template and High Growth Momentum Screen
MID PENN BANCORP INC (NASDAQ:MPB) has been identified as a potential candidate for investors following Mark Minervini’s Trend Template approach, a systematic technical screen that seeks stocks in strong, sustained uptrends with aligned moving averages and high relative strength. In addition, the stock passes a High Growth Momentum filter, which ensures it also exhibits the fundamental acceleration that often precedes explosive price moves in leading growth stocks.
Technical Alignment With the Trend Template
A quick check of the technical data shows that Mid Penn Bancorp Inc (NASDAQ:MPB) satisfies every condition of Minervini’s eight???point Trend Template:
Together these metrics indicate that MPB is in a clear Stage???2 uptrend with strong institutional support. For a full breakdown of the technical indicators, traders can review the detailed technical analysis report.
Fundamental Growth That Fuels Momentum
Beyond the chart, MPB’s fundamentals align with the high???growth requirements that Minervini stresses. The most recent quarterly earnings per share surged 171.9???% year???over???year, while revenue grew 38.6???% in the same period. Over the trailing twelve months, EPS growth stands at 15.7???% and revenue growth at 35.8???%. While the prior fiscal year showed a slight earnings decline, the sharp acceleration in the latest quarter and positive revenue trajectory fit the pattern of a company turning a corner and catching analysts’ attention. Free cash flow per share also expanded 54.5???% over the past year, underscoring improving operational efficiency.
Why This Combination Matters for the Strategy
Minervini’s approach is built on pairing technical strength with fundamental catalysts. A stock that passes the Trend Template already demonstrates that large buyers are accumulating shares, and when that demand is reinforced by accelerating earnings and revenue, the odds of a sustained breakout improve significantly. MPB’s recent price action – trading near its 52???week high on rising volume – suggests that the market is rewarding the underlying business momentum. However, the setup quality rating is only 3 out of 10 because the stock has been volatile lately, so investors should wait for a more controlled pullback or consolidation before entering to keep risk manageable.
High???Level TA Assessment
The ChartMill Technical Rating for MPB is a perfect 10, reflecting outstanding long??? and short???term trends, strong relative strength, and a leading position within its industry. The primary caveat is the low setup score – the recent price swings make it harder to pinpoint an optimal entry. Yet for growth???oriented traders who prioritize trend quality over immediate pattern perfection, MPB remains a compelling watchlist candidate.
Investors interested in applying this combined Minervini Trend Template and High Growth Momentum screen to find similar opportunities can access the live screener results.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Always conduct your own research and consider your risk tolerance before making investment decisions.
Read full article here »