Breakout Stocks of Week 10 @ OTCMKTS
NASDAQ was up last week (week 9) by 1.74% ending at 16,274.94 points after gaining 278.12 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 Danone OTCMKTS:DANOY. This stock has had a buy signal since Feb 26, 2024 when the price was $13.07 , but have so far fallen -2.37% to $12.76. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 10 |
|---|---|---|---|
| Danone | $12.76 | $12.89 | 1.02% |
| Ishares Edge High Yield Defensive Bond Etf | $46.18 | $46.36 | 0.390% |
No changes to the price of Danone stock on the last trading day (Friday, 1st Mar 2024). During the last trading day the stock fluctuated 0.99% from a day low at $12.64 to a day high of $12.76. The price has fallen in 5 of the last 10 days and is down by -3.33% for this period.
On Apr 19, 2024, it was reported that Deutsche Bank gave DANOY a "Hold" grade with a "hold" action.
Danone 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 Danone:
Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's. The company also offers specialized nutrition products for pregnant and breastfeeding mothers, infants, and young children under the Aptamil, Nutrilon, Gallia, Cow & Gate, Blédina, Bebelac, Olvarit, and Happy Family Organics brands. In addition, it provides tube feeding products under the Nutrison name; oral nutritional supplements under the Fortimel and NutriDrink names; and hypoallergenic products for children with allergies primarily under the Aptamil ProSyneo, Aptamil Pepti Syneo, and Neocate Syneo names. Further, the company offers water with natural fruit extracts, fruit juice, and vitamins under the evian, Volvic, Aqua, Mizone, Bonafont, Villavicencio, Villa del Sur, Hayat, Sirma, Fontvella, Lanjarón, Salus, Aqua d'Or, and Zywiec Zdroj brands. It distributes its products through retail chains and traditional market outlets; convenience stores; hospitals, clinics, and pharmacies; and e-commerce. The company was formerly known as Groupe Danone and changed its name to Danone S.A. in April 2009. Danone S.A. was incorporated in 1899 and is headquartered in Paris, France.
The ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF price fell by -0.195% on the last day (Friday, 1st Mar 2024) from $46.27 to $46.18. During the last trading day the ETF fluctuated 0.675% from a day low at $45.95 to a day high of $46.26. The price has risen in 6 of the last 10 days but is still down by -0.26% for this period. Volume has increased on the last day by 179 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 238 thousand shares were bought and sold for approximately $10.99 million.
ISHARES EDGE HIGH YIELD DEFENSIVE BOND 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 ISHARES EDGE HIGH YIELD DEFENSIVE BOND ETF:
The fund will invest at least 80% of its assets in the component securities of the underlying index and may invest up to 20% of its assets in certain index futures, options, options on index futures, swap contracts or other derivatives. The index consists of U.S. dollar-denominated, high yield corporate bonds. Component securities include publicly-issued debt of U.S. corporate issuers and U.S. dollar-denominated, publicly issued debt of non-U.S. corporate issuers.
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.
