Breakout Stocks of Week 24 @ MEX
NASDAQ was up last week (week 23) by 2.38% ending at 17,133.13 points after gaining 398.11 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 Megacable Holdings, S. A. B. de C. V. MEX:MEGACPO. This stock has had a buy signal since Jun 05, 2024 when the price was $50.65 , but have so far fallen -3.93% to $48.66. Some other companies are on our watchlist to, among these are Promotora y Operadora de Infraestructura, S. A. B. de C. V. MEX:PINFRA and Controladora Vuela Compañía de Aviación, S.A.B. de C.V. MEX:VOLARA which all got a breakout pattern emerging.
| Date | Company | Price | Week 24 |
|---|---|---|---|
| Megacable Holdings, S. A. B. De C. V. | $48.66 | $48.41 | -0.514% |
| Promotora Y Operadora De Infraestructura, S. A. B.... | $175.17 | $177.19 | 1.15% |
| Controladora Vuela Compañía De Aviación, S.a.b. De... | $12.78 | $12.44 | -2.66% |
The Megacable Holdings, S. A. B. de C. V. stock price fell by -1.64% on the last day (Friday, 7th Jun 2024) from $49.47 to $48.66. During the last trading day the stock fluctuated 5.23% from a day low at $47.82 to a day high of $50.32. The price has risen in 6 of the last 10 days but is still down by -6.71% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -249 thousand shares and in total, 710 thousand shares were bought and sold for approximately $34.54 million.
The Megacable Holdings, S. A. B. de C. V. stock holds several negative signals and despite the positive trend, we believe Megacable Holdings, S. A. B. de C. V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Megacable Holdings, S. A. B. de C. V.:
Megacable Holdings, S. A. B. de C. V., together with its subsidiaries, engages in the installation, operation, and maintenance of cable television, internet, and telephone signal distribution systems. It operates through Cable, Internet, Telephony, Business, and Other segments. The company operates cable television systems in various states of Mexico; and offers high-speed Internet services to residential and commercial customers, as well as digital fixed telephony services to residential and commercial customers. It also produces and broadcasts TV programs, as well as offers distribution services from various points and channels, virtual private network, and other network services. The company provides video services to 3,412,627 subscribers; Internet services to 3,510,324 subscribers; and telephony services to 2,626,798 subscribers. It is also involved in the leasing of equipment and infrastructure for providing cable, internet, and telephone services; provision of technical, sales, and administrative staff services, as well as connectivity solutions; and operation of Video rola' channel. The company was founded in 1978 and is headquartered in Guadalajara, Mexico.
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX:PINFRA
The Promotora y Operadora de stock price fell by -3.84% on the last day (Friday, 7th Jun 2024) from $182.17 to $175.17. During the last trading day the stock fluctuated 3.85% from a day low at $173.00 to a day high of $179.66. The price has risen in 6 of the last 10 days but is still down by -4.9% for this period. Volume has increased on the last day by 130 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 475 thousand shares were bought and sold for approximately $83.25 million.
The Promotora y Operadora de stock holds several negative signals and despite the positive trend, we believe Promotora y Operadora de will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
MEX:VOLARA
The Controladora Vuela Compañía de stock price gained 0.157% on the last trading day (Friday, 7th Jun 2024), rising from $12.76 to $12.78. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.92% from a day low at $12.65 to a day high of $13.02. The price has risen in 7 of the last 10 days but is still down by -2.59% for this period. Volume fell on the last day by -899 thousand shares and in total, 2 million shares were bought and sold for approximately $28.27 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.
The Controladora Vuela Compañía de stock holds several negative signals and despite the positive trend, we believe Controladora Vuela Compañía de will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Controladora Vuela Compañía de Aviación, S.A.B. de C.V.:
Controladora Vuela Compañía de Aviación, S.A.B. de C.V., through its subsidiaries, Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America. As of December 31, 2020, it operated through a fleet of 86 aircraft. The company also offers merchandising, recruitment and payroll, travel agency, and loyalty program services. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. was incorporated in 2005 and is headquartered 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.
