Breakout Stocks of Week 11
NASDAQ was down last week (week 10) by -2.06% ending at 12,920.15 points after falling -272.20 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 United Natural Foods NASDAQ:UNFI. This stock has had a buy signal since Jan 13, 2021 when the price was $19.22 and is so far up 63.89% to $31.50. Some other companies are on our watchlist to, among these are H&R Block Inc NYSE:HRB Yum China Holdings Inc NYSE:YUMC The Beachbody Company, Inc. NASDAQ:BODY and DHT Holdings Inc NYSE:DHT which all got a breakout pattern emerging.
| Date | Company | Price | Week 11 |
|---|---|---|---|
| United Natural Foods | $31.50 | $39.18 | 24.38% |
| H&r Block Inc | $19.91 | $21.17 | 6.33% |
| Yum China Holdings Inc | $60.42 | $61.18 | 1.26% |
| The Beachbody Company, Inc. | $11.89 | $11.71 | -1.51% |
| Dht Holdings Inc | $5.71 | $6.25 | 9.46% |
The United Natural Foods stock price gained 5.35% on the last trading day (Friday, 5th Mar 2021), rising from $29.90 to $31.50. 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 9.24% from a day low at $29.57 to a day high of $32.30. The price has risen in 6 of the last 10 days and is up by 17.06% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $58.97 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.
On Sep 28, 2023, it was reported that Goldman Sachs gave UNFI a "Neutral" grade with a "hold" action.
United Natural Foods 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 United Natural Foods:
United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. It also provides Woodstock brand imports, roasts, packages, and distributes nuts, dried fruits, seeds, trail mixes, granola, natural and organic snack items, and confections. In addition, the company is involved in importing, roasting, packaging, and distributing nuts, dried fruits, seeds, trail mixes, granola, natural and organic snack items, and confections. Further, it offers Blue Marble Brands products through wholesale segment, third-party distributors, and directly to retailers; and Field Day brand products primarily to customers through its independent channel. Additionally, the company provides general merchandise, home, health and beauty care, and pharmacy products, as well as private label products through a network of 74 Cub Foods and Shoppers retail grocery stores; professional services, such as retail store support, advertising, couponing, e-commerce, consumer convenience services, store design, equipment sourcing, electronic payments processing, network and data hosting solutions, and administrative back-office solutions; and marketing services comprising consumer and trade marketing programs, as well as programs to support suppliers in understanding its markets. The company serves chains, independent retailers, and supernatural chains, as well as foodservice, e-commerce, conventional military business, and other sales customers. United Natural Foods, Inc. was founded in 1976 and is headquartered in Providence, Rhode Island.
The H&R Block Inc stock price gained 1.69% on the last trading day (Friday, 5th Mar 2021), rising from $19.58 to $19.91. During the last trading day the stock fluctuated 3.54% from a day low at $19.36 to a day high of $20.04. The price has risen in 6 of the last 10 days and is up by 3.59% over the past 2 weeks. Volume fell on the last day by -676 thousand shares and in total, 2 million shares were bought and sold for approximately $38.34 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.
On Feb 07, 2024, it was reported that Goldman Sachs gave HRB a "Sell" grade with a "hold" action.
H&R Block Inc 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 H&R Block Inc:
H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees. It also provides DIY tax services and products, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing; and software online, as well as through third-party retail stores. In addition, the company offers Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. Further, it offers small business financial solutions through its company-owned or franchise offices, and online. The company was founded in 1955 and is headquartered in Kansas City, Missouri.
The Yum China Holdings Inc stock price gained 2.10% on the last trading day (Friday, 5th Mar 2021), rising from $59.18 to $60.42. During the last trading day the stock fluctuated 3.44% from a day low at $59.16 to a day high of $61.19. The price has fallen in 6 of the last 10 days and is down by -3.42% for this period. Volume fell on the last day by -706 thousand shares and in total, 2 million shares were bought and sold for approximately $140.84 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.
On Sep 15, 2023, it was reported that CLSA gave YUMC a "Buy" grade with a "upgrade" action.
Yum China Holdings Inc 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 Yum China Holdings Inc:
Yum China Holdings, Inc. owns, operates, and franchises restaurants in China. The company operates through two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Lavazza, COFFii & JOY, Taco Bell, and East Dawning brands, which specialize in chicken, pizza, hot pot cooking, simmer pot, Italian coffee, specialty coffee, Mexican-style food, and Chinese food categories. The company also operates V-Gold Mall, a mobile e-commerce platform, which sells electronics, home and kitchen accessories, and other general merchandise, as well as fried rice, steak, pasta and other ready meals, and coffee capsules. In addition, it operates franchise restaurants under the KFC, Pizza Hut, Huang Ji Huang, Taco Bell, Little Sheep, East Dawning, Lavazza, and COFFii & JOY names. As of March 31, 2022, the company operated 12,117 restaurants in approximately 1,700 cities. Yum China Holdings, Inc. was incorporated in 2016 and is headquartered in Shanghai, China.
The The Beachbody Company, Inc. stock price gained 6.54% on the last trading day (Friday, 5th Mar 2021), rising from $11.16 to $11.89. During the last trading day the stock fluctuated 18.46% from a day low at $10.13 to a day high of $12.00. The price has been going up and down for this period, and there has been a -15.37% 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, 472 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $57.34 million.
On Oct 07, 2021, it was reported that Cantor Fitzgerald gave BODY a "Neutral" grade with a "initialise" action.
The Beachbody Company, Inc. 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 The Beachbody Company, Inc.:
The Beachbody Company, Inc. operates as a health and wellness platform that provides fitness, nutrition, and stress-reducing programs. It operates in two segments, Beachbody and Other. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Openfit, a digital streaming platform that provides digital fitness and wellness resource. It also offers nutritional products, such as Shakeology, a once-a-day premium nutrition shake; Beachbody Performance supplements comprising pre-workout Energize, Hydrate, post-workout Recover, and protein supplement Recharge products; BEACHBARs low sugar, snack bars; and connected fitness equipment that include bikes and accessories. As of December 31, 2021, the company had 2.5 million digital and 0.3 million nutritional subscriptions. The Beachbody Company, Inc. was founded in 1998 and is headquartered in El Segundo, California.
The DHT Holdings Inc stock price gained 0.175% on the last trading day (Friday, 5th Mar 2021), rising from $5.70 to $5.71. During the last trading day the stock fluctuated 4.25% from a day low at $5.53 to a day high of $5.76. The price has risen in 6 of the last 10 days but is still down by -2.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 465 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $23.36 million.
On Mar 21, 2024, it was reported that Jefferies gave DHT a "Buy" grade with a "upgrade" action.
DHT Holdings Inc 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 DHT Holdings Inc:
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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.
