Breakout Stocks of Week 21
NASDAQ was down last week (week 20) by -2.34% ending at 13,429.98 points after falling -322.26 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 ServisFirst Bancshares NASDAQ:SFBS. This stock has had a buy signal since Feb 01, 2021 when the price was $42.27 and is so far up 60.47% to $67.83. Some other companies are on our watchlist to, among these are Burlington Stores Inc NYSE:BURL The Hanover Insurance Group Inc NYSE:THG PRA Health Sciences NASDAQ:PRAH and Dime Community Bancshares NASDAQ:DCOM which all got a breakout pattern emerging.
| Date | Company | Price | Week 21 |
|---|---|---|---|
| Servisfirst Bancshares | $67.83 | $68.68 | 1.25% |
| Burlington Stores Inc | $333.76 | $322.67 | -3.32% |
| The Hanover Insurance Group Inc | $142.80 | $140.23 | -1.80% |
| Pra Health Sciences | $172.34 | $174.05 | 0.99% |
| Dime Community Bancshares | $34.73 | $35.60 | 2.51% |
The ServisFirst Bancshares stock price gained 1.00% on the last trading day (Friday, 14th May 2021), rising from $67.16 to $67.83. During the last trading day the stock fluctuated 1.62% from a day low at $66.78 to a day high of $67.86. The price has risen in 7 of the last 10 days and is up by 7.26% 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, 46 thousand more shares were traded than the day before. In total, 195 thousand shares were bought and sold for approximately $13.23 million.
On Jan 30, 2024, it was reported that Piper Sandler gave SFBS a "Neutral" grade with a "hold" action.
ServisFirst Bancshares 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 ServisFirst Bancshares:
ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, such as seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans. It also offers other banking products and services comprising telephone and mobile banking, direct deposit, Internet banking, traveler's checks, safe deposit boxes, attorney trust accounts, automatic account transfers, automated teller machines, and debit card systems, as well as Visa credit cards; treasury and cash management services; wire transfer, night depository, banking-by-mail, and remote capture services; and correspondent banking services to other financial institutions. In addition, the company holds and manages participations in residential mortgages and commercial real estate loans originated by ServisFirst Bank in Alabama, Florida, Georgia, and Tennessee. It operates 23 full-service banking offices located in Alabama, Florida, Georgia, South Carolina, and Tennessee, as well as 2 loan production offices in Florida. The company was founded in 2005 and is headquartered in Birmingham, Alabama.
The Burlington Stores Inc stock price gained 5.40% on the last trading day (Friday, 14th May 2021), rising from $316.66 to $333.76. During the last trading day the stock fluctuated 4.12% from a day low at $321.68 to a day high of $334.94. The price has risen in 6 of the last 10 days and is up by 2.28% 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, 70 thousand more shares were traded than the day before. In total, 634 thousand shares were bought and sold for approximately $211.53 million.
On Mar 08, 2024, it was reported that Telsey Advisory gave BURL a "Outperform" grade with a "hold" action.
Burlington Stores 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 Burlington Stores Inc:
Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. As of January 29, 2022, it operated 837 stores under the Burlington Stores name, 2 stores under the Cohoes Fashions name, and 1 store under the MJM Designer Shoes name in 45 states and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey.
The The Hanover Insurance Group Inc stock price gained 0.443% on the last trading day (Friday, 14th May 2021), rising from $142.17 to $142.80. During the last trading day the stock fluctuated 1.03% from a day low at $141.74 to a day high of $143.20. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 137 thousand shares were bought and sold for approximately $19.60 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 Apr 01, 2024, it was reported that Sandler O'Neill gave THG a "Market Perform" grade with a "hold" action.
The Hanover Insurance Group 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 Hanover Insurance Group Inc:
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
The PRA Health Sciences stock price gained 0.250% on the last trading day (Friday, 14th May 2021), rising from $171.91 to $172.34. During the last trading day the stock fluctuated 0.774% from a day low at $171.73 to a day high of $173.06. The price has risen in 7 of the last 10 days and is up by 3.27% 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, 53 thousand more shares were traded than the day before. In total, 485 thousand shares were bought and sold for approximately $83.62 million.
PRA Health Sciences 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 PRA Health Sciences:
PRA Health Sciences, Inc., a contract research organization, provides outsourced clinical development services to the biotechnology and pharmaceutical industries worldwide. The company offers integrated services, such as data management, statistical analysis, clinical trial management, and regulatory and drug development consulting. Its services include a suite of product registration services, such as clinical trial management, project management, regulatory affairs, therapeutic expertise, clinical operations, data and programming, safety and risk management, biostatistics and medical writing, quality assurance, and late phase services. The companys services also comprise strategic solutions, including embedded, functional services provider, staff augmentation, and custom-built development solutions, as well as commercialization services; and early development services, including Phase I through Phase IIa clinical trials and bioanalytical laboratory services. It conducts clinical trials in the areas of pharmaceutical development, comprising oncology, central nervous system, inflammation, and infectious diseases. The company was formerly known as PRA Global Holdings, Inc. and changed its name to PRA Health Sciences, Inc. in July 2014. The company was founded in 1976 and is headquartered in Raleigh, North Carolina. PRA Health Sciences, Inc. is a subsidiary of KKR PRA Investors L.P.
The Dime Community Bancshares stock price gained 1.79% on the last trading day (Friday, 14th May 2021), rising from $34.12 to $34.73. During the last trading day the stock fluctuated 2.87% from a day low at $33.85 to a day high of $34.82. The price has risen in 6 of the last 10 days and is up by 4.86% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 114 thousand shares were bought and sold for approximately $3.96 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 May 02, 2022, it was reported that Raymond James gave DCOM a "Strong Buy" grade with a "hold" action.
Dime Community Bancshares 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 Dime Community Bancshares:
Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans. In addition, it invests in Federal Home Loan Bank, Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities; U.S. Treasury securities; New York state and local municipal obligations; U.S. government-sponsored enterprise securities; and corporate bonds. Further, the company offers certificate of deposit account registry services and insured cash sweep programs; merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts; investment products and services through a third-party broker dealer; and title insurance broker services. As of December 31, 2021, it operated 60 branch locations throughout Long Island and the New York City boroughs of Brooklyn, Queens, Manhattan, and the Bronx. Dime Community Bancshares, Inc. was founded in 1910 and is headquartered in Hauppauge, 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.
