Breakout Stocks of Week 17

NASDAQ was up last week (week 16) by 1.09% ending at 14,052.34 points after gaining 152.15 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 Preferred Bank NASDAQ:PFBC. This stock has had a buy signal since Feb 02, 2021 when the price was $50.50 and is so far up 34.93% to $68.14. Some other companies are on our watchlist to, among these are ING Group NV NYSE:ING Veritiv Corporation NYSE:VRTV UMH Properties Inc NYSE:UMH and Prospect Capital Corporation NASDAQ:PSEC which all got a breakout pattern emerging.

Date Company Price Week 17
Apr 16, 2021 Preferred Bank $68.14 $67.28 -1.26%
Apr 16, 2021 Ing Group Nv $12.63 $12.35 -2.22%
Apr 16, 2021 Veritiv Corporation $46.43 $42.39 -8.70%
Apr 16, 2021 Umh Properties Inc $20.00 $21.46 7.30%
Apr 16, 2021 Prospect Capital Corporation $8.05 $8.09 0.497%

Preferred Bank

NASDAQ:PFBC Strong Buy Candidate Score: 7.53
Strong Buy Candidate Score: 7.53 Apr 16, 2021

Preferred BankThe Preferred Bank stock price gained 0.89% on the last trading day (Friday, 16th Apr 2021), rising from $67.54 to $68.14. 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 2.00% from a day low at $67.14 to a day high of $68.48. The price has risen in 7 of the last 10 days and is up by 5.12% 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, 23 thousand more shares were traded than the day before. In total, 56 thousand shares were bought and sold for approximately $3.83 million.

On Apr 26, 2022, it was reported that Zacks Investment Research gave PFBC a "Buy" grade with a "upgrade" action.

Preferred Bank 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 Preferred Bank:
Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.

ING Group NV

NYSE:ING Strong Buy Candidate Score: 7.20
Strong Buy Candidate Score: 7.20 Apr 16, 2021

ING Group NVThe ING Group NV stock price gained 1.36% on the last trading day (Friday, 16th Apr 2021), rising from $12.46 to $12.63. During the last trading day the stock fluctuated 0.796% from a day low at $12.56 to a day high of $12.66. The price has fallen in 6 of the last 10 days but is still up by 2.52% 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, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $88.47 million.

On Oct 11, 2022, it was reported that RBC Capital gave ING a "Sector Perform" grade with a "hold" action.

ING Group NV 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 ING Group NV:
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

Veritiv Corporation

NYSE:VRTV Strong Buy Candidate Score: 6.48
Strong Buy Candidate Score: 6.48 Apr 16, 2021

Veritiv CorporationThe Veritiv Corporation stock price gained 5.02% on the last trading day (Friday, 16th Apr 2021), rising from $44.21 to $46.43. 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 7.96% from a day low at $43.76 to a day high of $47.24. The price has risen in 8 of the last 10 days and is up by 7.45% 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, 201 thousand more shares were traded than the day before. In total, 337 thousand shares were bought and sold for approximately $15.63 million.

Veritiv Corporation 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 Veritiv Corporation:
Veritiv Corporation operates as a business-to-business provider of value-added packaging products and services, as well as facility solutions, print, and publishing products and services in the United States and internationally. The company operates through four segments: Packaging, Facility Solutions, Print, and Publishing and Print Management (Publishing). The Packaging segment provides packaging product materials within flexible, corrugated and fiber, ancillary packaging, rigid, and equipment categories. The Facility Solutions segment sources and sells cleaning, break-room, and other supplies in various product categories that include towels and tissues, food service, personal protective equipment, cleaning chemicals, and skincare, as well as re-merchandising, budgeting and compliance reporting, and inventory management services. The Print segment sells and distributes commercial printing, writing, copying, digital, specialty products, and graphics consumables. The Publishing segment sells and distributes coated and uncoated commercial printing papers to publishers, retailers, converters, printers, and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing, retail inserts, and direct mail. This segment also provides print management, procurement, and supply chain management solutions. The company also provides transportation and warehousing solutions. It serves manufacturing, food and beverage, wholesale and retail, healthcare, transportation, property management, higher education, entertainment and hospitality, commercial printing, and publishing sectors. As of December 31, 2021, the company operated 115 distribution centers. Veritiv Corporation was incorporated in 2013 and is headquartered in Atlanta, Georgia.

UMH Properties Inc

NYSE:UMH Strong Buy Candidate Score: 6.20
Strong Buy Candidate Score: 6.20 Apr 16, 2021

UMH Properties IncThe UMH Properties Inc stock price gained 1.21% on the last trading day (Friday, 16th Apr 2021), rising from $19.76 to $20.00. It has now gained 4 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 1.86% from a day low at $19.67 to a day high of $20.03. The price has risen in 6 of the last 10 days and is up by 2.35% over the past 2 weeks. Volume fell on the last day by -466 thousand shares and in total, 454 thousand shares were bought and sold for approximately $9.08 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 Oct 12, 2022, it was reported that Wolfe Research gave UMH a "Outperform" grade with a "initialise" action.

UMH Properties 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 UMH Properties Inc:
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

Prospect Capital Corporation

NASDAQ:PSEC Strong Buy Candidate Score: 6.14
Strong Buy Candidate Score: 6.14 Apr 16, 2021

Prospect Capital CorporationThe Prospect Capital Corporation stock price gained 0.625% on the last trading day (Friday, 16th Apr 2021), rising from $8.00 to $8.05. During the last trading day the stock fluctuated 1.26% from a day low at $7.98 to a day high of $8.08. The price has risen in 7 of the last 10 days and is up by 3.34% 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, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $22.34 million.

Prospect Capital Corporation 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 Prospect Capital Corporation:
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.

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