Breakout Stocks of Week 10 @ NYSEMKT
NASDAQ was down last week (week 9) by -1.17% ending at 16,085.11 points after falling -189.83 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 British American Tobacco p.l.c NYSEMKT:BTI. This stock has had a buy signal since Mar 05, 2024 when the price was $29.42 and is so far up 0.748% to $29.64. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 10 |
|---|---|---|---|
| British American Tobacco P.l.c | $29.64 | $30.30 | 2.23% |
The British American Tobacco p.l.c stock price gained 0.373% on the last trading day (Friday, 8th Mar 2024), rising from $29.53 to $29.64. During the last trading day the stock fluctuated 0.713% from a day low at $29.47 to a day high of $29.68. The price has fallen in 6 of the last 10 days and is down by -2.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 186 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $127.82 million.
On Feb 09, 2023, it was reported that CFRA gave BTI a "Strong Buy" grade with a "upgrade" action.
British American Tobacco p.l.c holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About British American Tobacco p.l.c:
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands. It distributes its products to retail outlets. British American Tobacco p.l.c. was incorporated in 1902 and is headquartered in London, the United Kingdom.
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.
