Breakout Stocks of Week 21 @ NASDAQ
NASDAQ was up last week (week 20) by 2.15% ending at 16,698.32 points after gaining 352.06 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 Goldenstone Acquisition Limited NASDAQ:GDST. This stock has had a buy signal since Jan 30, 2024 when the price was $10.85 and is so far up 2.30% to $11.10. Some other companies are on our watchlist to, among these are Haynes International NASDAQ:HAYN Hologic NASDAQ:HOLX CoStar Group NASDAQ:CSGP and EZCORP NASDAQ:EZPW which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Goldenstone Acquisition Limited | $11.10 | $11.11 | 0.0901% |
| Haynes International | $59.25 | $58.90 | -0.591% |
| Hologic | $75.02 | $73.80 | -1.63% |
| Costar Group | $87.50 | $85.93 | -1.79% |
| Ezcorp | $10.23 | $10.20 | -0.293% |
The Goldenstone Acquisition Limited stock price gained 0.0902% on the last trading day (Friday, 17th May 2024), rising from $11.09 to $11.10. During the last trading day the stock fluctuated 0% from a day low at $11.10 to a day high of $11.10. The price has been going up and down for this period, and there has been a 0.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 482 thousand more shares were traded than the day before. In total, 505 thousand shares were bought and sold for approximately $5.61 million.
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 Goldenstone Acquisition Limited stock to perform well in the short-term period.
The Haynes International stock price gained 0.0507% on the last trading day (Friday, 17th May 2024), rising from $59.22 to $59.25. During the last trading day the stock fluctuated 0.797% from a day low at $58.94 to a day high of $59.41. The price has been going up and down for this period, and there has been a 0.02% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 75 thousand shares were bought and sold for approximately $4.45 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Haynes International:
Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation; and industrial heating equipment. The company's CRA products are used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, sensors and instrumentation, biopharmaceuticals, solar, and nuclear fuel. In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. It sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.
The Hologic stock price gained 0.0934% on the last trading day (Friday, 17th May 2024), rising from $74.95 to $75.02. During the last trading day the stock fluctuated 1.31% from a day low at $74.12 to a day high of $75.09. The price has been going up and down for this period, and there has been a -1.99% loss for the last 2 weeks. Volume fell on the last day by -305 thousand shares and in total, 1 million shares were bought and sold for approximately $105.48 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.
On Jun 27, 2024, it was reported that Oppenheimer gave HOLX a "Outperform" grade with a "initialise" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Hologic:
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. The company provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima viral load tests for HIV, Hepatitis C, and Hepatitis B; Aptima SARS-CoV-2 and Panther Fusion SARS-CoV-2 assays for the detection of SARS-CoV-2; ThinPrep System for use in cytology applications; Rapid Fetal Fibronectin Test that assists physicians in assessing the risk of pre-term birth; and various diagnostic tests for the detection of Group B Streptococcus. It also offers breast imaging and analytics, such as 2D and 3D digital mammography systems and reading workstations, minimally invasive breast biopsy guidance systems and devices, breast biopsy site markers and localization, specimen radiology, and ultrasound and connectivity solutions; and breast conserving surgery products. In addition, the company provides NovaSure Endometrial Ablation System for the treatment of abnormal uterine bleeding; MyoSure Hysteroscopic Tissue Removal System for the removal of fibroids, polyps, and other pathology within the uterus; and Fluent Fluid Management System that provides liquid distention during diagnostic and operative hysteroscopic procedures. Further, it offers Horizon DXA, a dual energy X-ray system; and the Fluoroscan Insight FD mini C-arm to perform minimally invasive orthopedic surgical procedures. The company sells its products through direct sales and service forces, and independent distributors and sales representatives. Hologic, Inc. was incorporated in 1985 and is headquartered in Marlborough, Massachusetts.
The CoStar Group stock price fell by -0.715% on the last day (Friday, 17th May 2024) from $88.13 to $87.50. During the last trading day the stock fluctuated 1.11% from a day low at $87.16 to a day high of $88.13. The price has fallen in 6 of the last 10 days and is down by -4.09% 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 -145 thousand shares and in total, 1 million shares were bought and sold for approximately $114.31 million.
On Jun 20, 2024, it was reported that Goldman Sachs gave CSGP a "Buy" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About CoStar Group:
CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. The company also provides Lease Comps and Analysis, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment Analysis that provides market research, consulting and analysis, portfolio and debt analysis, and management and reporting services, as well as STAR Report that offers benchmarking and analytics services for the hospitality industry. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.
The EZCORP stock price gained 0.689% on the last trading day (Friday, 17th May 2024), rising from $10.16 to $10.23. During the last trading day the stock fluctuated 1.99% from a day low at $10.06 to a day high of $10.26. The price has fallen in 6 of the last 10 days and is down by -1.92% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 327 thousand more shares were traded than the day before. In total, 891 thousand shares were bought and sold for approximately $9.12 million.
On Apr 16, 2024, it was reported that Canaccord Genuity gave EZPW a "Buy" grade with a "hold" action.
EZCORP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About EZCORP:
EZCORP, Inc. provides pawn loans in the United States and Latin America. It offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments. The company also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers. In addition, it offers Lana and EZ+ web-based engagement platforms to manage pawn loans. As of September 30, 2021, the company owned and operated 516 pawn stores in the United States; 508 pawn stores in Mexico; and 124 pawn stores in Guatemala, El Salvador, and Honduras. EZCORP, Inc. was founded in 1989 and is headquartered in Austin, Texas.
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.
