Breakout Stocks of Week 13 @ NYSE
NASDAQ was up last week (week 12) by 2.68% ending at 16,401.84 points after gaining 428.66 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 Ecolab Inc NYSE:ECL. This stock has had a buy signal since Feb 06, 2024 when the price was $199.95 and is so far up 14.66% to $229.27. Some other companies are on our watchlist to, among these are Nokia Corporation NYSE:NOK Vail Resorts Inc NYSE:MTN Nuveen AMT-Free Municipal Value Fund NYSE:NUV and Union Pacific Corporation NYSE:UNP which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Ecolab Inc | $229.27 | $230.90 | 0.711% |
| Nokia Corporation | $3.58 | $3.54 | -1.12% |
| Vail Resorts Inc | $221.50 | $222.83 | 0.600% |
| Nuveen Amt-free Municipal Value Fund | $8.64 | $8.71 | 0.81% |
| Union Pacific Corporation | $244.97 | $245.93 | 0.392% |
The Ecolab Inc stock price gained 0.197% on the last trading day (Friday, 22nd Mar 2024), rising from $228.82 to $229.27. 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 0.783% from a day low at $228.02 to a day high of $229.80. The price has risen in 7 of the last 10 days and is up by 2.6% over the past 2 weeks. Volume fell on the last day by -380 thousand shares and in total, 909 thousand shares were bought and sold for approximately $208.42 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 May 21, 2024, it was reported that RBC Capital gave ECL a "Market Perform" grade with a "hold" action.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ecolab Inc stock to perform well in the short-term.
About Ecolab Inc:
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries. The Global Institutional & Specialty segment provides specialized cleaning and sanitizing products to the foodservice, hospitality, lodging, government and education, and retail industries. Its Global Healthcare & Life Sciences segment offers specialized cleaning and sanitizing products to the healthcare, personal care, and pharmaceutical industries, such as infection prevention and surgical solutions, and end-to-end cleaning and contamination control solutions under the Ecolab, Microtek, and Anios brand names. The company's Other segment offers pest elimination services to detect, eliminate, and prevent pests, such as rodents and insects in restaurants, food and beverage processors, educational and healthcare facilities, hotels, quick service restaurant and grocery operations, and other institutional and commercial customers. This segment also provides colloidal silica for binding and polishing applications in semiconductor, catalyst, and aerospace component manufacturing, as well as chemical industries; and products and services that manage wash process through custom designed programs, premium products, dispensing equipment, water and energy management, and reduction, as well as real time data management. It sells its products through field sales and corporate account personnel, distributors, and dealers. The company was founded in 1923 and is headquartered in Saint Paul, Minnesota.
No changes to the price of Nokia stock on the last trading day (Friday, 22nd Mar 2024). During the last trading day the stock fluctuated 0.98% from a day low at $3.56 to a day high of $3.59. The price has risen in 6 of the last 10 days but is still down by -1.1% for this period.
On May 30, 2024, it was reported that BNP Paribas gave NOK a "Neutral" grade with a "hold" action.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nokia stock to perform well in the short-term.
About Nokia Corporation:
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, and cloud and virtualization services, as well as wi-fi portfolio, including mesh solutions and cloud-based controllers; IP routing solutions for IP aggregation, and edge and core applications for residential, business, mobile, and industrial services; a portfolio of optical networks comprising portfolio coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems for metro access and aggregation, data center interconnect, regional, and long-haul/ultra-long-haul applications; and submarine networks. In addition, it offers business applications software, cloud and cognitive services, core networks software, and enterprise solutions. Further, the company provides hardware, software, and services, as well as licensing of intellectual property, including patents, technologies, and the Nokia brand. It serves communications service providers, webscales, hyperscalers, digital industries, and government. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
The Vail Resorts Inc stock price fell by -1.04% on the last day (Friday, 22nd Mar 2024) from $223.83 to $221.50. During the last trading day the stock fluctuated 1.90% from a day low at $220.94 to a day high of $225.14. The price has been going up and down for this period, and there has been a -1.01% 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 -32 thousand shares and in total, 266 thousand shares were bought and sold for approximately $58.88 million.
On Apr 22, 2024, it was reported that Mizuho Securities gave MTN a "Underperform" 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 Vail Resorts Inc:
Vail Resorts, Inc., through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities. The Lodging segment owns and/or manages various luxury hotels and condominiums, and other lodging properties under the RockResorts brand; various condominiums located in proximity to the company's mountain resorts; destination resorts; and golf courses, as well as offers resort ground transportation services. This segment operates owned and managed hotel and condominium units. The Real Estate segment owns, develops, and sells real estate properties. The company was incorporated in 1997 and is based in Broomfield, Colorado.
No changes to the price of Nuveen AMT-Free Municipal Value Fund stock on the last trading day (Friday, 22nd Mar 2024). During the last trading day the stock fluctuated 0.569% from a day low at $8.63 to a day high of $8.68. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period.
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 Nuveen AMT-Free Municipal Value Fund:
Nuveen Municipal Value Fund, Inc. is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments. It invests in undervalued municipal securities and other related investments the income, exempt from regular federal income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) National Municipal Bond Index. Nuveen Municipal Value Fund, Inc. was formed on April 8, 1987 and is domiciled in the United States.
The Union Pacific Corporation stock price fell by -1.27% on the last day (Friday, 22nd Mar 2024) from $248.11 to $244.97. During the last trading day the stock fluctuated 1.70% from a day low at $244.91 to a day high of $249.09. The price has fallen in 6 of the last 10 days and is down by -2.39% 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 -2 million shares and in total, 1 million shares were bought and sold for approximately $265.26 million.
On Apr 08, 2024, it was reported that Jefferies gave UNP a "Hold" 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 Union Pacific Corporation:
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers. As of December 31, 2021, its rail network included 32,452 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.
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.
