Breakout Stocks of Week 22
NASDAQ was up last week (week 21) by 0.305% ending at 13,470.99 points after gaining 41.01 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 Dime Community Bancshares NASDAQ:DCOM. This stock has had a buy signal since Feb 16, 2021 when the price was $27.03 and is so far up 31.71% to $35.60. Some other companies are on our watchlist to, among these are Veritiv Corporation NYSE:VRTV GMéxico Transportes, S.A. de C.V. MEX:GMXT Atul Ltd NSE:ATUL and ING Groep N.V. AMS:INGA which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Dime Community Bancshares | $35.60 | $34.71 | -2.50% |
| Veritiv Corporation | $50.19 | $61.42 | 22.37% |
| Gméxico Transportes, S.a. De C.v. | $33.30 | $33.06 | -0.721% |
| Atul Ltd | ₹8,562.95 | ₹8,505.70 | -0.669% |
| Ing Groep N.v. | 11.07€ | 11.42€ | 3.09% |
The Dime Community Bancshares stock price gained 1.77% on the last trading day (Friday, 21st May 2021), rising from $34.98 to $35.60. 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 2.58% from a day low at $34.89 to a day high of $35.79. The price has been going up and down for this period, and there has been a 2.89% gain 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, 38 thousand more shares were traded than the day before. In total, 218 thousand shares were bought and sold for approximately $7.77 million.
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.
The Veritiv Corporation stock price gained 7.15% on the last trading day (Friday, 21st May 2021), rising from $46.84 to $50.19. During the last trading day the stock fluctuated 7.32% from a day low at $47.20 to a day high of $50.66. The price has been going up and down for this period, and there has been a 3.76% gain 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, 54 thousand more shares were traded than the day before. In total, 182 thousand shares were bought and sold for approximately $9.12 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.
The GMéxico Transportes, S.A. de C.V. stock price gained 0.271% on the last trading day (Friday, 21st May 2021), rising from $33.21 to $33.30. During the last trading day the stock fluctuated 4.50% from a day low at $32.03 to a day high of $33.47. The price has risen in 6 of the last 10 days and is up by 3.67% 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, 296 thousand more shares were traded than the day before. In total, 458 thousand shares were bought and sold for approximately $15.25 million.
GMéxico Transportes, S.A. de C.V. 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 GMéxico Transportes, S.A. de C.V.:
GMéxico Transportes, S. A. B. de C. V. operates as a railway transportation company in Mexico. It provides general hauling and intermodal railroad services, as well as passenger transportation services; and ancillary terminal management and inter-terminal hauling services. The company operates a fleet of 816 locomotives and 27,753 cars. It also offers logistics and land transport solutions. The company serves agriculture, automotive, cement, energy, intermodal, metals and mining, industrial products, and chemicals and fertilizers segments. The company is based in Mexico City, Mexico. GMéxico Transportes, S. A. B. de C. V. is a subsidiary of Grupo México, S.A.B. de C.V.
The Atul Ltd stock price gained 0.506% on the last trading day (Friday, 21st May 2021), rising from ₹8,519.85 to ₹8,562.95. 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 1.96% from a day low at ₹8,433.95 to a day high of ₹8,598.90. The price has risen in 4 of the last 10 days and is up by 1.43% 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, 14 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately ₹253.92 million.
Atul Ltd 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 Atul Ltd:
Atul Ltd manufactures and sells chemicals and other chemical products worldwide. It operates in two segments, Life Science Chemicals; and Performance and Other Chemicals. The company offers aromatics, such as 2 nitro para cresol, 2-methylcyclohexyl acetate, allyl caproate, allyl heptanoate, ambrettolide, anethole, cresol mixture, manganese sulphate monohydrate, ortho cresol and methoxy toluene, phenyl acetic acid, skatole, and sodium sulfite and sulphate, as well as para anisic aldehyde, anisyl acetate and alcohol, anisyl propanal, cresidine, cresol, cresyl acetate and methyl ether, methoxy phenyl acetic acid, and aceto nitrile; and bulk chemicals and intermediates, including 1,3-cyclohexanedione, 2-methylresorcinol, 4-chlororesorcinol, anisole, caustic soda lye, chlorosulphonic and hydrochloric acid, gypsum, hydrogen gas, liquid chlorine, liquid sulphur dioxide and trioxide, oleum, resoform, resorcinol, resorcinol dimethyl ether, sodium hypochlorite, sodium sulphite, and sulphuric acid. It also provides colors; fungicides, herbicides, insecticides, and intermediates; amino acid derivatives, active pharmaceutical ingredients (API), API intermediates, and phosgene derivatives; and epoxy resins, curing agents, reactive diluents, accelerators and catalysts, formulations, and sulfones. In addition, the company produces tissue culture raised oil and date palm plants, as well as engage in the crop protection retail and polymers retail operations. It serves various industries, including adhesives, agriculture, animal feed, automobile, composites, construction, cosmetic, defense, dyestuff, electrical and electronics, flavor, food, footwear, fragrance, glass, home care, horticulture, hospitality, paint and coatings, paper, personal care, pharmaceutical, plastic, rubber, soap and detergent, sport and leisure, textile, tire, and wind energy. Atul Ltd was incorporated in 1947 and is headquartered in Valsad, India.
The ING Groep N.V. stock price gained 1.39% on the last trading day (Friday, 21st May 2021), rising from 10.92€ to 11.07€. During the last trading day the stock fluctuated 1.89% from a day low at 10.90€ to a day high of 11.10€. The price has risen in 7 of the last 10 days and is up by 2.4% 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, 5 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately 228.17€ million.
ING Groep N.V. 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 Groep N.V.:
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.
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.
