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 ServiceNow Inc NYSE:NOW. This stock has had a buy signal since Feb 26, 2021 when the price was $533.46 , but have so far fallen 0% to $533.46. Some other companies are on our watchlist to, among these are Cimpress N.V NASDAQ:CMPR SC Health Corporation NYSE:SCPE Reservoir Media, Inc. NASDAQ:RSVR and Better World Acquisition Corp. NASDAQ:BWAC which all got a breakout pattern emerging.
| Date | Company | Price | Week 10 |
|---|---|---|---|
| Servicenow Inc | $533.46 | $486.96 | -8.72% |
| Cimpress N.v | $99.08 | $97.91 | -1.18% |
| Sc Health Corporation | $10.34 | $10.15 | -1.84% |
| Reservoir Media, Inc. | $10.61 | $10.17 | -4.15% |
| Better World Acquisition Corp. | $10.44 | $10.01 | -4.12% |
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 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.
The SC Health Corporation stock price gained 0.388% on the last trading day (Friday, 26th Feb 2021), rising from $10.30 to $10.34. During the last trading day the stock fluctuated 1.67% from a day low at $10.17 to a day high of $10.34. The price has been going up and down for this period, and there has been a -1.71% 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, 12 thousand more shares were traded than the day before. In total, 261 thousand shares were bought and sold for approximately $2.70 million.
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 Reservoir Media, Inc. stock price gained 1.53% on the last trading day (Friday, 26th Feb 2021), rising from $10.45 to $10.61. During the last trading day the stock fluctuated 4.57% from a day low at $10.50 to a day high of $10.98. The price has risen in 6 of the last 10 days but is still down by -1.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 286 thousand more shares were traded than the day before. In total, 542 thousand shares were bought and sold for approximately $5.75 million.
On Jan 05, 2023, it was reported that B. Riley Securities gave RSVR a "Buy" grade with a "initialise" 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 Reservoir Media, Inc.:
Reservoir Media, Inc. operates as a music publishing company. It operates in two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs. The company was founded in 2007 and is headquartered in New York, New York. Reservoir Media, Inc. is a subsidiary of Reservoir Holdings, Inc.
The Better World Acquisition Corp. stock price gained 1.36% on the last trading day (Friday, 26th Feb 2021), rising from $10.30 to $10.44. During the last trading day the stock fluctuated 3.23% from a day low at $10.12 to a day high of $10.45. The price has fallen in 5 of the last 10 days and is down by -2.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 96 thousand more shares were traded than the day before. In total, 302 thousand shares were bought and sold for approximately $3.15 million.
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 Better World Acquisition Corp.:
Better World Acquisition Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities in the healthy living industries. Better World Acquisition Corp. was incorporated in 2020 and is based in New York, New York.
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.
