Sign InBreakout Stocks of Week 23 @ NYSEARCA
NASDAQ was up last week (week 22) by 2.40% ending at 26,976.35 points after gaining 632.38 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 Legato Merger Corp. Iii NYSEARCA:LEGT. This stock has had a buy signal since Mar 26, 2026 when the price was $10.98 and is so far up 1.00% to $11.09. Some other companies are on our watchlist to, among these are ISHARES MSCI SAUDI ARABIA ETF NYSEARCA:KSA VANECK VECTORS OIL REFINERS ETF NYSEARCA:CRAK WisdomTree Floating Rate Treasury Fund NYSEARCA:USFR and ISHARES MSCI HONG KONG ETF NYSEARCA:EWH which all got a breakout pattern emerging.
| Date | Company | Price | Week 23 |
|---|---|---|---|
| Legato Merger Corp. Iii | $11.09 | $10.62 | -4.24% |
| Ishares Msci Saudi Arabia Etf | $38.75 | $37.44 | -3.38% |
| Vaneck Vectors Oil Refiners Etf | $48.18 | $48.49 | 0.643% |
| Wisdomtree Floating Rate Treasury Fund | $50.33 | $50.39 | 0.119% |
| Ishares Msci Hong Kong Etf | $23.11 | $21.82 | -5.58% |
The Legato Merger Corp. Iii stock price gained 0.181% on the last trading day (Friday, 29th May 2026), rising from $11.07 to $11.09. During the last trading day the stock fluctuated 0.632% from a day low at $11.08 to a day high of $11.15. The price has been going up and down for this period, and there has been a 0% change 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, 441 thousand more shares were traded than the day before. In total, 466 thousand shares were bought and sold for approximately $5.17 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 Legato Merger Corp. Iii stock to perform well in the short-term period.
The ISHARES MSCI SAUDI ARABIA ETF price gained 0.103% on the last trading day (Friday, 29th May 2026), rising from $38.71 to $38.75. During the last trading day the ETF fluctuated 0.99% from a day low at $38.57 to a day high of $38.95. The price has risen in 6 of the last 10 days and is up by 0.57% 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, 211 thousand more shares were traded than the day before. In total, 783 thousand shares were bought and sold for approximately $30.35 million.
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 ISHARES MSCI SAUDI ARABIA ETF to perform well in the short-term.
The VANECK VECTORS OIL REFINERS ETF price gained 0.375% on the last trading day (Friday, 29th May 2026), rising from $48.00 to $48.18. During the last trading day the ETF fluctuated 1.02% from a day low at $47.93 to a day high of $48.42. The price has been going up and down for this period, and there has been a -1.7% loss 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, 11 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $5.46 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.
The WisdomTree Floating Rate Treasury Fund ETF price gained 0.0199% on the last trading day (Friday, 29th May 2026), rising from $50.32 to $50.33. During the last trading day the ETF fluctuated 0.0397% from a day low at $50.33 to a day high of $50.35. The price has risen in 5 of the last 10 days but is still down by -0.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 661 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $278.54 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.
The ISHARES MSCI HONG KONG ETF price gained 0.173% on the last trading day (Friday, 29th May 2026), rising from $23.07 to $23.11. During the last trading day the ETF fluctuated 1.00% from a day low at $22.97 to a day high of $23.20. The price has fallen in 8 of the last 10 days and is down by -5.36% for this period. Volume fell on the last day by -269 thousand shares and in total, 3 million shares were bought and sold for approximately $58.79 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.
ISHARES MSCI HONG KONG 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.
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.
GOLDEN STAR
| Ticker | Change | Signal Date |
|---|---|---|
IDYA
$28.98
|
18.12% | Jun 12 |
DHI
$146.71
|
6.39% | Jun 10 |
|
E
ETD
$20.67
|
4.79% | Jun 05 |
EAT
$140.46
|
16.94% | Jun 05 |
TPR
$140.47
|
7.16% | Jun 04 |
