Breakout Stocks of Week 26 @ MEX
NASDAQ was up last week (week 25) by 0.0027% ending at 17,689.36 points after gaining 0.478 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 Corporativo Fragua, S.A.B. de C.V. MEX:FRAGUAB. This stock has had a buy signal since Dec 20, 2023 when the price was $500.00 and is so far up 76.00% to $880.00. 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 América Móvil, S.a.b. De C.v. MEX:AMXB which all got a breakout pattern emerging.
| Date | Company | Price | Week 26 |
|---|---|---|---|
| Corporativo Fragua, S.a.b. De C.v. | $880.00 | $928.04 | 5.46% |
| Promotora Y Operadora De Infraestructura, S. A. B.... | $175.69 | $169.26 | -3.66% |
| América Móvil, S.a.b. De C.v. | $15.31 | $15.57 | 1.70% |
The Corporativo Fragua, S.A.B. de C.V. stock price gained 3.53% on the last trading day (Friday, 21st Jun 2024), rising from $850.00 to $880.00. It has now gained 4 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 3.82% from a day low at $850.00 to a day high of $882.50. The price has risen in 6 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately $22.91 million.
Corporativo Fragua, S.A.B. de C.V. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Corporativo Fragua, S.A.B. de C.V.:
Corporativo Fragua, S.A.B. de C.V. operates pharmacy stores under the Superfarmacia name in Mexico. Its stores offer medicines, perfumery, photography, home, food, fruits and vegetables, bakery, sausage, and others. The company is also involved in the processing and sale of photographic equipment; and provides cargo services. Corporativo Fragua, S.A.B. de C.V. was founded in 1942 and is based 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 -1.23% on the last day (Friday, 21st Jun 2024) from $177.88 to $175.69. During the last trading day the stock fluctuated 2.40% from a day low at $175.57 to a day high of $179.79. The price has been going up and down for this period, and there has been a 0.3% gain for the last 2 weeks. Volume has increased on the last day by 292 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, 501 thousand shares were bought and sold for approximately $88.06 million.
Promotora y Operadora de holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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.
The América Móvil, S.a.b. De C.v. stock price fell by -0.91% on the last day (Friday, 21st Jun 2024) from $15.45 to $15.31. During the last trading day the stock fluctuated 2.43% from a day low at $15.23 to a day high of $15.60. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks. 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 -33 million shares and in total, 51 million shares were bought and sold for approximately $780.17 million.
América Móvil, S.a.b. De C.v. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
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.
