Snowflake Climbs to 168th in Trading Volume as Technical Strength and Breakout Potential Shine

Snowflake (SNOW) traded higher by 0.69% on July 30, 2025, with a trading volume of $0.68 billion, ranking 168th in market activity. The stock aligns with Mark Minervini’s Trend Template, demonstrating technical strength through sustained price action above key moving averages and strong relative strength metrics. Price remains within 3.5% of its 52-week high, signaling continued bullish momentum.

Technical indicators highlight a consolidation phase near critical resistance levels at $222.62 and $225.80, suggesting potential for a breakout. A recent Pocket Pivot signal and rising short- and long-term moving averages reinforce institutional confidence. ChartMill’s analysis assigns SNOW a 9/10 technical strength rating, emphasizing its position in the 83rd percentile for relative strength within the IT services sector.

Fundamentally, Snowflake exhibits robust growth characteristics. Quarterly revenue expanded 25.7% year-over-year, with annual growth at 27.5%. Earnings per share surged 71.4% in the latest quarter, while free cash flow per share rose 21.3% YoY. Despite a slight decline in EPS estimates for the next year (-3.4%), revenue projections remain positive (+1.3%), reflecting optimism about long-term scalability.

A backtested strategy of purchasing the top 500 high-volume stocks daily and holding for one day generated a 166.71% return from 2022 to July 30, 2025. This outperformed the benchmark by 137.53% and achieved a 31.89% compound annual growth rate. The approach demonstrated consistent performance across multiple high-volume equities, underscoring the efficacy of liquidity-driven short-term positioning.