Breakout Stocks of Week 13
NASDAQ was down last week (week 12) by -0.785% ending at 13,215.24 points after falling -104.62 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 Yum China Holdings Inc NYSE:YUMC. This stock has had a buy signal since Mar 05, 2021 when the price was $60.42 and is so far up 0.215% to $60.55. Some other companies are on our watchlist to, among these are California Water Service Group Holding NYSE:CWT Sony Corp Ord NYSE:SONY Citrix Systems NASDAQ:CTXS and El Pollo Loco Holdings NASDAQ:LOCO which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Yum China Holdings Inc | $60.55 | $59.42 | -1.87% |
| California Water Service Group Holding | $53.60 | $56.06 | 4.59% |
| Sony Corp Ord | $105.26 | $105.42 | 0.152% |
| Citrix Systems | $133.57 | $136.64 | 2.30% |
| El Pollo Loco Holdings | $18.09 | $17.03 | -5.86% |
No changes to the price of Yum China Holdings Inc stock on the last trading day (Friday, 19th Mar 2021). During the last trading day the stock fluctuated 1.48% from a day low at $60.20 to a day high of $61.09. The price has fallen in 5 of the last 10 days but is still up by 0.22% over the past 2 weeks.
On Sep 15, 2023, it was reported that CLSA gave YUMC a "Buy" grade with a "upgrade" action.
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 Yum China Holdings Inc stock to perform well in the short-term.
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 California Water Service Group Holding stock price gained 0.0560% on the last trading day (Friday, 19th Mar 2021), rising from $53.57 to $53.60. During the last trading day the stock fluctuated 0.94% from a day low at $53.23 to a day high of $53.73. The price has risen in 7 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 679 thousand more shares were traded than the day before. In total, 877 thousand shares were bought and sold for approximately $47.01 million.
On Jul 28, 2023, it was reported that Janney Montgomery gave CWT a "Buy" grade with a "upgrade" action.
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 California Water Service Group Holding stock to perform well in the short-term period.
About California Water Service Group Holding:
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.
The Sony Corp Ord stock price fell by -0.0759% on the last day (Friday, 19th Mar 2021) from $105.34 to $105.26. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.24% from a day low at $104.51 to a day high of $105.81. The price has been going up and down for this period, and there has been a 1.08% gain 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 -250 thousand shares and in total, 610 thousand shares were bought and sold for approximately $64.25 million.
On Mar 12, 2024, it was reported that Macquarie gave SONY a "Outperform" grade with a "upgrade" action.
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 Sony Corp Ord stock to perform well in the short-term.
About Sony Corp Ord:
Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices. It also develops, produces, markets, and distributes recorded music; publishes music; and produces and distributes animation titles, game applications, and various services for music and visual products. In addition, the company produces, acquires, and distributes live-action and animated motion pictures for theatrical release, as well as scripted and animated series, unscripted reality or light entertainment, daytime serials, game shows, television movies, and miniseries and other television programs; operates a visual effects and animation unit; manages a studio facility; and operates television and digital networks, and post-production facilities. Further, it researches, develops, designs, produces, markets, distributes, sells, and services televisions, and video and sound products; interchangeable lens, compact digital, and consumer and professional video cameras; projectors and medical equipment; mobile phones, tablets, accessories, and applications; and metal oxide semiconductor image sensors, charge-coupled devices, integration systems, and other semiconductors. Additionally, it offers Internet broadband network services; recording media, and storage media products; and life and non-life insurance, banking, and other services, as well as creates and distributes content for PCs and mobile phones. The company was formerly known as Sony Corporation and changed its name to Sony Group Corporation in April 2021. Sony Group Corporation was incorporated in 1946 and is headquartered in Tokyo, Japan.
The Citrix Systems stock price gained 1.57% on the last trading day (Friday, 19th Mar 2021), rising from $131.50 to $133.57. During the last trading day the stock fluctuated 2.64% from a day low at $131.07 to a day high of $134.53. The price has been going up and down for this period, and there has been a -1.4% 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, 498 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $276.11 million.
On Apr 26, 2022, it was reported that Citigroup gave CTXS a "Sell" grade with a "downgrade" 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 Citrix Systems:
Citrix Systems, Inc., an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps. It also provides Citrix ADC that offers application delivery controller, on-premise, in-cloud, and SaaS deployment option solutions. In addition, the company provides customer services, hardware maintenance, consulting, and product training and certification services. The company serves healthcare, financial services, technology, manufacturing, consumer, and government agencies. It markets and licenses its products through resellers, distributors, systems integrators, independent software vendors, original equipment manufacturers, and service providers. The company was formerly known as Citrus Systems, Inc. and changed its name to Citrix Systems, Inc. in March 2009. Citrix Systems, Inc. was incorporated in 1989 and is headquartered in Fort Lauderdale, Florida.
The El Pollo Loco Holdings stock price gained 0.0553% on the last trading day (Friday, 19th Mar 2021), rising from $18.08 to $18.09. During the last trading day the stock fluctuated 5.16% from a day low at $17.56 to a day high of $18.46. The price has fallen in 6 of the last 10 days and is down by -7.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 503 thousand shares were bought and sold for approximately $9.11 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 El Pollo Loco Holdings stock to perform well in the short-term period.
About El Pollo Loco Holdings:
El Pollo Loco Holdings, Inc., through its subsidiary, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. As of May 04, 2022, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana. It also licenses one restaurant in the Philippines. The company was formerly known as Chicken Acquisition Corp. and changed its name to El Pollo Loco Holdings, Inc. in April 2014. El Pollo Loco Holdings, Inc. was founded in 1975 and is headquartered in Costa Mesa, California.
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.
