Breakout Stocks of Week 22 @ XLON
NASDAQ was up last week (week 21) by 1.33% ending at 16,920.80 points after gaining 222.47 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 CMC Markets Plc XLON:CMCX. This stock has had a buy signal since Dec 13, 2023 when the price was £95.40 and is so far up 194.03% to £280.50. Some other companies are on our watchlist to, among these are Black Box Corp XLON:BBOX PHOENIX TECHNOLOGIES LTD XLON:PTEC Ferrellgas Partners, L.P. XLON:FGP and Wisdomtree Wti Crude Oil XLON:CRUD which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Cmc Markets Plc | £280.50 | £281.50 | 0.357% |
| Black Box Corp | £155.40 | £158.00 | 1.67% |
| Phoenix Technologies Ltd | £480.50 | £478.00 | -0.520% |
| Ferrellgas Partners, L.p. | £169.40 | £170.70 | 0.767% |
| Wisdomtree Wti Crude Oil | $10.01 | $10.03 | 0.200% |
The CMC Markets Plc stock price gained 2.56% on the last trading day (Friday, 24th May 2024), rising from £273.50 to £280.50. During the last trading day the stock fluctuated 6.11% from a day low at £270.00 to a day high of £286.50. The price has risen in 6 of the last 10 days and is up by 4.08% over the past 2 weeks. Volume fell on the last day by -263 thousand shares and in total, 396 thousand shares were bought and sold for approximately £111.16 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.
CMC Markets Plc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About CMC Markets Plc:
CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, cryptocurrencies, shares and ETFs, and treasuries through its trading platform. It also provides a range of education services through tools and resources, trading webinars and events, platform guides, advanced trading strategies, articles from market analysts, and others. The company was founded in 1989 and is headquartered in London, the United Kingdom.
The Black Box Corp stock price gained 1.17% on the last trading day (Friday, 24th May 2024), rising from £153.60 to £155.40. During the last trading day the stock fluctuated 2.02% from a day low at £153.10 to a day high of £156.20. The price has fallen in 6 of the last 10 days and is down by -2.39% for this period. Volume fell on the last day by -3 million shares and in total, 23 million shares were bought and sold for approximately £3.54 billion. 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.
Black Box Corp holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Black Box Corp:
Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK. The Company seeks to exploit the significant opportunity in this sub-sector of the UK logistics market owing to strong tenant demand and limited supply of Big Boxes. The Company is a real estate investment trust to which Part 12 of the UK Corporation Tax Act 2010 applies (REIT), is listed on the premium segment of the Official List of the UK Financial Conduct Authority and is a constituent of the FTSE 250, FTSE EPRA/NAREIT and MSCI indices.
The PHOENIX TECHNOLOGIES LTD stock price gained 2.23% on the last trading day (Friday, 24th May 2024), rising from £470.00 to £480.50. During the last trading day the stock fluctuated 3.56% from a day low at £464.00 to a day high of £480.50. The price has fallen in 6 of the last 10 days and is down by -0.1% for this period. Volume fell on the last day by -123 thousand shares and in total, 155 thousand shares were bought and sold for approximately £74.30 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 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 PHOENIX TECHNOLOGIES LTD stock to perform well in the short-term.
About PHOENIX TECHNOLOGIES LTD:
Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops. In addition, the company designs, develops, and sells software. Playtech Plc was founded in 1999 and is based in Douglas, the Isle of Man.
The Ferrellgas Partners, L.P. stock price gained 0.415% on the last trading day (Friday, 24th May 2024), rising from £168.70 to £169.40. During the last trading day the stock fluctuated 2.29% from a day low at £165.60 to a day high of £169.40. The price has risen in 7 of the last 10 days but is still down by -0.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 829 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £311.47 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 Ferrellgas Partners, L.P. stock to perform well in the short-term.
About Ferrellgas Partners, L.P.:
FirstGroup plc provides public transport services in the United Kingdom and the United States. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; passenger rail services; and hull trains and Lumos. FirstGroup plc was founded in 1986 and is based in London, the United Kingdom.
The Wisdomtree Wti Crude Oil ETF price gained 0.301% on the last trading day (Friday, 24th May 2024), rising from $9.98 to $10.01. During the last trading day the ETF fluctuated 1.73% from a day low at $9.84 to a day high of $10.01. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 131 thousand more shares were traded than the day before. In total, 432 thousand shares were bought and sold for approximately $4.33 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 Wisdomtree Wti Crude Oil ETF to perform well in the short-term.
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.
