Sign InBreakout Stocks of Week 20 @ TSX
NASDAQ was up last week (week 19) by 4.51% ending at 26,247.08 points after gaining 1,132.63 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 Valeura Energy Inc. TSX:VLE. This stock has had a buy signal since May 08, 2026 when the price was $12.53 , but have so far fallen 0% to $12.53. Some other companies are on our watchlist to, among these are Allied Properties Real Estate Investment Trust TSX:AP-UN Fortis Inc. TSX:FTS Nutrien Ltd. TSX:NTR and Wajax Corporation TSX:WJX which all got a breakout pattern emerging.
| Date | Company | Price | Week 20 |
|---|---|---|---|
| Valeura Energy Inc. | $12.53 | $13.55 | 8.14% |
| Allied Properties Real Estate Investment Trust | $9.84 | $9.60 | -2.44% |
| Fortis Inc. | $76.74 | $75.25 | -1.94% |
| Nutrien Ltd. | $93.49 | $98.45 | 5.31% |
| Wajax Corporation | $29.59 | $28.52 | -3.62% |
The Valeura Energy Inc. stock price fell by -1.80% on the last day (Friday, 8th May 2026) from $12.76 to $12.53. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.08% from a day low at $12.53 to a day high of $12.79. The price has fallen in 6 of the last 10 days but is still up by 2.04% over the past 2 weeks. 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 -13 thousand shares and in total, 476 thousand shares were bought and sold for approximately $5.97 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Valeura Energy Inc. stock to perform well in the short-term.
About Valeura Energy Inc.:
Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Turkey. As of December 31, 2021, the company had interests in six production leases and exploration licenses covering approximately 0.23 million gross acres and 0.19 net acres of deep rights in the Thrace Basin of northwest Turkey. Valeura Energy Inc. was incorporated in 2000 and is headquartered in Calgary, Canada.
The Allied Properties Real Estate Investment stock price fell by -0.304% on the last day (Friday, 8th May 2026) from $9.87 to $9.84. During the last trading day the stock fluctuated 1.54% from a day low at $9.73 to a day high of $9.88. The price has fallen in 6 of the last 10 days and is down by -5.38% 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 -487 thousand shares and in total, 425 thousand shares were bought and sold for approximately $4.19 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 Allied Properties Real Estate Investment stock to perform well in the short-term period.
About Allied Properties Real Estate Investment Trust:
Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries. This segment also offers forged rolls for cluster and Z-Hi mills; work rolls for narrow and wide strip and aluminum mills; back-up rolls for narrow strip mills; leveling rolls and shafts; and distributes tool steels, alloys, and carbon round bars. The Air and Liquid Processing segment produces custom-engineered finned tube heat exchange coils and related heat transfer products for various industries, including OEM/commercial, nuclear power generation, and industrial manufacturing; and custom-designed air handling systems for institutional, pharmaceutical, and general industrial building markets. This segment also provides centrifugal pumps the fossil-fueled power generation, marine defense, and industrial refrigeration industries. The company was incorporated in 1929 and is headquartered in Carnegie, Pennsylvania.
The Fortis Inc. stock price gained 0.117% on the last trading day (Friday, 8th May 2026), rising from $76.65 to $76.74. During the last trading day the stock fluctuated 1.23% from a day low at $76.36 to a day high of $77.30. The price has risen in 6 of the last 10 days but is still down by -0.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 758 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $131.31 million.
Fortis Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Fortis Inc.:
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.
The Nutrien Ltd. stock price gained 0.214% on the last trading day (Friday, 8th May 2026), rising from $93.29 to $93.49. During the last trading day the stock fluctuated 1.67% from a day low at $93.34 to a day high of $94.90. The price has risen in 7 of the last 10 days but is still down by -4.47% for this period. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $113.57 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.
Nutrien 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 Nutrien Ltd.:
Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company was founded in 2017 and is headquartered in Saskatoon, Canada.
The Wajax Corporation stock price gained 0.749% on the last trading day (Friday, 8th May 2026), rising from $29.37 to $29.59. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.65% from a day low at $29.11 to a day high of $29.88. The price has risen in 8 of the last 10 days but is still down by -8.05% for this period. Volume fell on the last day by -34 thousand shares and in total, 108 thousand shares were bought and sold for approximately $3.20 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.
Wajax Corporation 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 Wajax Corporation:
Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers. It also provides bearings, bulk material handling, filtration, fluid handling, hydraulics, industrial electric motors and variable frequency drives, instrumentation, pneumatics, power transmissions, and safety and mill supplies, as well as sealing, belting, lubricants, and hydraulic hoses; combination sweeper scrubbers, container handlers, electric ride scooters, end rider trucks, forklifts, order pickers, pallet stackers and trucks, reach stackers, rider and walk behind sweepers, side loaders, tow tractors, and utility vehicles; and equipment transport, filtration, fluid handling, mining excavators, rigid frame trucks, rope shovel, underground battery powered and drill jumbos, underground haul trucks and loaders, underground roof bolters and scaling machines, and underground utility trucks. In addition, the company offers power generation solutions; and cages and partitions, guarding and barriers, lockers, cabinets, workstations, rack accessories and protections, racking, shelving, and storage platforms, as well as storage system design, installation, and inspection services. The company was formerly known as Wajax Income Fund and changed its name to Wajax Corporation in January 2011. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, 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.
GOLDEN STAR
| Ticker | Change | Signal Date |
|---|---|---|
EAT
$140.46
|
7.38% | Jun 05 |
TPR
$140.47
|
3.67% | Jun 04 |
|
N
NVRI
$19.53
|
8.19% | May 20 |
SAP
$172.39
|
3.79% | May 05 |
GLBE
$31.61
|
2.44% | May 05 |
