Breakout Stocks of Week 18 @ MEX
NASDAQ was up last week (week 17) by 4.23% ending at 15,927.90 points after gaining 645.89 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Promotora y Operadora de Infraestructura, S. A. B. de C. V. MEX:PINFRA. This stock has had a buy signal since Apr 26, 2024 when the price was $177.86 , but have so far fallen 0% to $177.86. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Promotora Y Operadora De Infraestructura, S. A. B.... | $177.86 | $183.13 | 2.96% |
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX:PINFRA
The Promotora y Operadora de stock price gained 2.30% on the last trading day (Friday, 26th Apr 2024), rising from $173.86 to $177.86. During the last trading day the stock fluctuated 2.70% from a day low at $174.26 to a day high of $178.97. The price has fallen in 6 of the last 10 days and is down by -1.45% for this period. Volume fell on the last day by -117 thousand shares and in total, 184 thousand shares were bought and sold for approximately $32.76 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Promotora y Operadora de stock to perform well in the short-term period.
About Promotora y Operadora de Infraestructura, S. A. B. de C. V.:
Promotora y Operadora de Infraestructura, S. A. B. de C. V. engages in the construction, operation, maintenance, financing, and promotion of infrastructure projects in Mexico. Its projects include heavy construction projects, such as toll roads, ports, tunnels, dams, bridges, airports, and railways; industrial construction projects comprising petrochemical, industrial, wastewater treatment, and power generating plants; and urban construction projects, such as parking lots, museums, parks, education centers, buildings, water systems, public transportation systems, landfills, and hospitals. The company produces various asphalt concretes; basalt aggregates, including gravel, sand, seal, ballast, hydraulic base, sub-base, and tepetate; and central guard rails for roads, and various other precast concrete materials, as well as exploits stone aggregates. In addition, the company provides services, such as reception, storage, and shipment of goods; hauling or transfer of goods; loading and unloading ships; container filling and emptying; general cargo storage; and mooring and unmooring of ropes, as well as foreign trade merchandise handling, storage, and custody services. Promotora y Operadora de Infraestructura, S. A. B. de C. V. was founded in 1969 and is based in Mexico City, Mexico.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
