Breakout Stocks of Week 10
NASDAQ was down last week (week 9) by -4.92% ending at 13,192.35 points after falling -682.11 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 Tips Industries Limited NSE:TIPSINDLTD. This stock has had a buy signal since Dec 21, 2020 when the price was ₹279.50 and is so far up 57.41% to ₹439.95. Some other companies are on our watchlist to, among these are LINK Mobility Group Holding ASA OSE:LINK ServiceNow Inc NYSE:NOW La Comer S.A.B. De C.V. MEX:LACOMERUBC and Cimpress N.V NASDAQ:CMPR which all got a breakout pattern emerging.
| Date | Company | Price | Week 10 |
|---|---|---|---|
| Tips Industries Limited | ₹439.95 | ₹450.50 | 2.40% |
| Link Mobility Group Holding Asa | kr54.50 | kr45.65 | -16.25% |
| Servicenow Inc | $533.46 | $486.96 | -8.72% |
| La Comer S.a.b. De C.v. | $42.61 | $41.21 | -3.29% |
| Cimpress N.v | $99.08 | $97.91 | -1.18% |
The Tips Industries Limited stock price gained 1.83% on the last trading day (Friday, 26th Feb 2021), rising from ₹432.05 to ₹439.95. During the last trading day the stock fluctuated 5.24% from a day low at ₹420.00 to a day high of ₹442.00. The price has risen in 5 of the last 10 days and is up by 7.48% over the past 2 weeks. Volume fell on the last day by -59 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹6.03 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.
Tips Industries Limited 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 Tips Industries Limited:
Tips Industries Limited engages in the production and distribution of motion pictures; and acquisition and exploitation of music rights in India and internationally. The company operates in two segments, Music (Audio/Video) and Film Production/Distribution. It has a music library of approximately 29,000 songs across various languages and genres; and holds soundtrack copyrights of approximately 50 Hindi movies. The company also produces Hindi and Punjabi films. It operates through an owned distribution system. Tips Industries Limited was founded in 1975 and is based in Mumbai, India.
The LINK Mobility Group Holding ASA stock price fell by -1.16% on the last day (Friday, 26th Feb 2021) from kr55.14 to kr54.50. During the last trading day the stock fluctuated 6.41% from a day low at kr52.11 to a day high of kr55.45. The price has been going up and down for this period, and there has been a -2.7% loss for the last 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 -164 thousand shares and in total, 65 thousand shares were bought and sold for approximately kr3.54 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 LINK Mobility Group Holding ASA stock to perform well in the short-term.
About LINK Mobility Group Holding ASA:
LINK Mobility Group Holding ASA provides mobile and communication-platform-as-a-service solutions. It operates through five segments: Northern Europe, Western Europe, Central Europe, Northern America, and Global Messaging. The company offers LINK Messaging Gateway that integrates SMS gateway solutions with existing IT and computer systems; LINK Web Experience for creating personalized content with landing pages; LINK Conversations for communication with customer-centric channels, content, and messages; LINK Mobile Invoice, which provides various payment channels in one integrated payment interface; Xenioo Conversational Platform, an omnichannel conversational platform to interact with customers; and LINK Insight Dashboard that offers real-time monitoring of campaign. Its solutions are used in healthcare, retail, finance, and logistics industries. The company was founded in 2001 and is headquartered in Oslo, Norway.
The ServiceNow Inc stock price gained 0.88% on the last trading day (Friday, 26th Feb 2021), rising from $528.79 to $533.46. During the last trading day the stock fluctuated 3.68% from a day low at $521.15 to a day high of $540.32. The price has fallen in 7 of the last 10 days and is down by -10.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $948.49 million.
On Apr 25, 2024, it was reported that BMO Capital gave NOW a "Outperform" grade with a "hold" action.
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.
About ServiceNow Inc:
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. The company also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; IT business management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT Asset Management to automate IT asset lifecycles; and security operations that connects with internal and third party. In addition, it offers governance, risk, and compliance product to manage risk and resilience; human resources, legal, and workplace service delivery products; safe workplace applications; customer service management product; and field service management applications. Further, it provides App Engine product; IntegrationHub enables application to extend workflows; and professional, industry solutions, and customer support services. It serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.
The La Comer S.A.B. De C.V. stock price gained 0.95% on the last trading day (Friday, 26th Feb 2021), rising from $42.21 to $42.61. During the last trading day the stock fluctuated 3.32% from a day low at $41.62 to a day high of $43.00. The price has fallen in 6 of the last 10 days and is down by -0.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 294 thousand shares were bought and sold for approximately $12.54 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 La Comer S.A.B. De C.V. stock to perform well in the short-term period.
About La Comer S.A.B. De C.V.:
La Comer, S.A.B. de C.V., together with its subsidiaries, operates a chain of self-service stores in Mexico. The company offers perishables, groceries, and general merchandise and household products. It also operates cafeteria and fresh juices sections in its stores. In addition, the company leases real estate. It operates 77 stores, 2 distribution centers, and 382 retail stores. The company also sells its products online through La Comer en tu Casa, a digital platform. La Comer, S.A.B. de C.V. was founded in 1930 and is based in Mexico City, Mexico.
The Cimpress N.V stock price gained 3.58% on the last trading day (Friday, 26th Feb 2021), rising from $95.66 to $99.08. During the last trading day the stock fluctuated 7.00% from a day low at $94.74 to a day high of $101.37. The price has risen in 6 of the last 10 days but is still down by -4.92% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 127 thousand shares were bought and sold for approximately $12.61 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 Cimpress N.V stock to perform well in the short-term.
About Cimpress N.V:
Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts. The company also provides finishing options on business cards, flyers, brochures, banners, posters, roll-ups, and rigid signage; custom writing instruments, as well as other promotional products comprising travel mugs, water bottles, tech gadgets, and trade show items; and mass customization solutions that support various channels consisting of retail stores, websites, and e-commerce platforms. In addition, it offers website design and hosting, and email marketing services, as well as order referral and other third-party offerings. The company serves graphic designers, resellers, and printers, as well as teams, associations, groups, consumers, and families. Cimpress plc was founded in 1994 and is based in Dundalk, Ireland.
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.
