Breakout Stocks of Week 4 @ NYSEMKT
NASDAQ was up last week (week 3) by 0.94% ending at 15,455.36 points after gaining 144.39 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 Central Fund of Canada Ltd NYSEMKT:CEF. This stock has had a buy signal since Jan 25, 2024 when the price was $18.57 , but have so far fallen -0.377% to $18.50. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Central Fund Of Canada Ltd | $18.50 | $18.55 | 0.270% |
The Central Fund of Canada Ltd stock price fell by -0.377% on the last day (Friday, 26th Jan 2024) from $18.57 to $18.50. During the last trading day the stock fluctuated 0.514% from a day low at $18.48 to a day high of $18.57. The price has fallen in 6 of the last 10 days and is down by -0.91% 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 -77 thousand shares and in total, 245 thousand shares were bought and sold for approximately $4.54 million.
Central Fund of Canada Ltd 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 Central Fund of Canada Ltd:
Sprott Physical Gold and Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in London Good Delivery physical gold and silver bullion. Sprott Physical Gold and Silver Trust was formed on October 26, 2017 and is domiciled in Canada.
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.
