Breakout Stocks of Week 27 @ SHH
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 Avicopter Plc SHH:600038. This stock has had a buy signal since Jun 26, 2024 when the price was $40.47 and is so far up 1.58% to $41.11. Some other companies are on our watchlist to, among these are Jingjin Equipment Inc. SHH:603279 Yunnan Yuntianhua Co., Ltd. SHH:600096 Hangzhou Juheshun New Material Co., Ltd. SHH:605166 and Well Lead Medical Co., Ltd. SHH:603309 which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Avicopter Plc | $41.11 | $40.68 ( 2nd Jul 2024 ) | -1.05% |
| Jingjin Equipment Inc. | $21.69 | $21.48 ( 2nd Jul 2024 ) | -0.97% |
| Yunnan Yuntianhua Co., Ltd. | $19.42 | $19.94 ( 2nd Jul 2024 ) | 2.68% |
| Hangzhou Juheshun New Material Co., Ltd. | $10.49 | $10.94 ( 2nd Jul 2024 ) | 4.29% |
| Well Lead Medical Co., Ltd. | $11.01 | $11.34 ( 2nd Jul 2024 ) | 3.00% |
The Avicopter Plc stock price gained 2.78% on the last trading day (Friday, 28th Jun 2024), rising from $40.00 to $41.11. During the last trading day the stock fluctuated 3.70% from a day low at $39.95 to a day high of $41.43. The price has risen in 6 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $278.74 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Avicopter Plc stock to perform well in the short-term period.
The Jingjin Equipment Inc. stock price gained 2.17% on the last trading day (Friday, 28th Jun 2024), rising from $21.23 to $21.69. During the last trading day the stock fluctuated 4.88% from a day low at $21.11 to a day high of $22.14. The price has fallen in 6 of the last 10 days but is still up by 0.14% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 567 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $65.96 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jingjin Equipment Inc. stock to perform well in the short-term period.
The Yunnan Yuntianhua Co., Ltd. stock price gained 0.362% on the last trading day (Friday, 28th Jun 2024), rising from $19.35 to $19.42. During the last trading day the stock fluctuated 2.02% from a day low at $19.28 to a day high of $19.67. The price has been going up and down for this period, and there has been a -2.9% loss for the last 2 weeks. Volume fell on the last day by -146 thousand shares and in total, 22 million shares were bought and sold for approximately $435.44 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.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
The Hangzhou Juheshun New Material Co., Ltd. stock price gained 0.383% on the last trading day (Friday, 28th Jun 2024), rising from $10.45 to $10.49. During the last trading day the stock fluctuated 3.38% from a day low at $10.36 to a day high of $10.71. The price has fallen in 6 of the last 10 days and is down by -4.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 430 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $24.42 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hangzhou Juheshun New Material Co., Ltd. stock to perform well in the short-term period.
The Well Lead Medical Co., Ltd. stock price gained 2.32% on the last trading day (Friday, 28th Jun 2024), rising from $10.76 to $11.01. During the last trading day the stock fluctuated 7.66% from a day low at $10.71 to a day high of $11.53. The price has fallen in 7 of the last 10 days and is down by -4.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $53.90 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Well Lead Medical Co., Ltd. stock to perform well in the short-term period.
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.
