Does BARCLAYS PLC-SPONS ADR (NYSE:BCS) show the characteristics of a Minervini super stock?

Our stock screener has spotted BARCLAYS PLC-SPONS ADR (NYSE:BCS) as a stocks which checks several boxes as specified by Mark Minervini. We will dive into an analysis below.

Checking the Minervini Trend Template.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for BCS:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

High Growth Assessment of BCS

ChartMill employs its own High Growth Momentum Rating (HGM) system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth and profitability factors, such as EPS and revenue growth, as well as accelleration, surprises and revision history. BCS has earned a 5:

Earnings Momentum

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), BCS highlights its ability to generate increasing profitability, showcasing a 125.0% growth.
• Accelerating EPS growth for BCS: the current Q2Q growth of 125.0% exceeds the previous quarter Q2Q growth of 26.83%.
• Sales acceleration happened 2 quarters in a row.
• Over the past year, BCS has demonstrated 20.59% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• BCS has achieved 24.4% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• BCS shows accelerating Sales growth: when comparing the current Q2Q growth of 24.4% to the previous quarter Q2Q growth of 4.8%, we see the growth rate improving.
• Sales growth accelerated for 2 quarters in a row.
• BCS has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.

Profitability & Financial Strength

• The profit margin of BCS has seen steady growth over the past year, signaling improved profitability.
• BCS has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.

Market Strength & Institutional Confidence

• The ownership composition of BCS reflects a balanced investor ecosystem, with institutional shareholders owning 55.37%. This indicates a broader market participation and potential for increased trading liquidity.
• BCS has exhibited strong Relative Strength(RS) in recent periods, with a current 95.55 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position.

How does the Setup look for BCS

ChartMill also provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, BCS has a 6 as its setup rating:

BCS has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Check the latest full technical report of BCS for a complete technical analysis.

Final Thoughts

It looks like BARCLAYS PLC-SPONS ADR meets the Minervini criteria. More high growth momentum breakout stocks can be found in our High Growth Momentum + Trend Template screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.