Breakout Stocks of Week 6 @ OTCMKTS
NASDAQ was up last week (week 5) by 1.12% ending at 15,628.95 points after gaining 173.59 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 Zurich Insurance Group AG Ltd OTCMKTS:ZURVY. This stock has had a buy signal since Jan 31, 2024 when the price was $50.64 , but have so far fallen -0.265% to $50.51. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 6 |
|---|---|---|---|
| Zurich Insurance Group Ag Ltd | $50.51 | $49.33 | -2.33% |
The Zurich Insurance Group AG Ltd stock price gained 0.0119% on the last trading day (Friday, 2nd Feb 2024), rising from $50.50 to $50.51. During the last trading day the stock fluctuated 0.522% from a day low at $50.32 to a day high of $50.58. The price has risen in 6 of the last 10 days and is up by 0.53% over the past 2 weeks. Volume fell on the last day by -246 shares and in total, 41 thousand shares were bought and sold for approximately $2.09 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.
On Apr 15, 2024, it was reported that Deutsche Bank gave ZURVY a "Hold" grade with a "hold" action.
Zurich Insurance Group AG 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 Zurich Insurance Group AG Ltd :
Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments. It offers car, home, travel, general liability, life and critical illness, worker injury, and other insurance products; and saving and investment, and pension and retirement planning products. The company also provides property, casualty, management or professional liability, trade credit, political risk, marine, cyber risk, and financial institution insurance products. In addition, it offers employee benefit insurance products; reinsurance services; and non-claims and ancillary services to the farmers' exchanges. It serves individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The company sells its products through agents, brokers, and bank distribution channels. Zurich Insurance Group AG was founded in 1872 and is based in Zurich, Switzerland.
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.
