Breakout Stocks of Week 17 @ OMXC
NASDAQ fell hard last week and was down all -5.52% ending at 15,282.01 points after ending the week prior at 16,175.09 points. The sharp fall could pose a good buying opportunity. 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 Per Aarsleff Holding A/S OMXC:PAAL-B. This stock has had a buy signal since Apr 16, 2024 when the price was kr320.50 , but have so far fallen -0.156% to kr320.00. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Per Aarsleff Holding A/s | kr320.00 | kr321.50 | 0.469% |
The Per Aarsleff Holding A/S stock price gained 0.95% on the last trading day (Friday, 19th Apr 2024), rising from kr317.00 to kr320.00. During the last trading day the stock fluctuated 2.07% from a day low at kr314.50 to a day high of kr321.00. The price has fallen in 9 of the last 10 days and is down by -6.43% for this period. Volume fell on the last day by -2 thousand shares and in total, 6 thousand shares were bought and sold for approximately kr2.04 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.
The Per Aarsleff Holding A/S stock holds several negative signals and despite the positive trend, we believe Per Aarsleff Holding A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Per Aarsleff Holding A/S:
Ambu A/S develops, produces, and sells medical devices to hospitals, clinics, and rescue services worldwide. It provides healthcare solutions in the fields of visualization, anesthesia, and patient monitoring and diagnostics. The company offers endoscopy products, such as bronchoscopes and monitors; and neurology products, including EEG and EMG electrodes, EMG guided injections, and intraoperative monitoring products. It also provides cardiology products consisting of ECG electrodes; and airway management and anaesthesia products, such as bronchoscopes, video laryngoscopes, double and single lumen tubes, endobronchial blockers, laryngeal and face masks, breathing bags, and resuscitators. In addition, the company offers extrication collars, head immobilizers, CPR breathing barriers, and training manikins. Ambu A/S was founded in 1937 and is headquartered in Ballerup, Denmark.
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.
