Breakout Stocks of Week 24
NASDAQ was up last week (week 23) by 0.478% ending at 13,814.49 points after gaining 65.75 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 Lockheed Martin Corporation NYSE:LMT. This stock has had a buy signal since Jun 04, 2021 when the price was $394.10 , but have so far fallen 0% to $394.10. Some other companies are on our watchlist to, among these are Roper Technologies Inc NYSE:ROP Moody's Corporation NYSE:MCO Gartner Inc NYSE:IT and Companhia Brasileira de Distribuicao NYSE:CBD which all got a breakout pattern emerging.
| Date | Company | Price | Week 24 |
|---|---|---|---|
| Lockheed Martin Corporation | $394.10 | $387.72 | -1.62% |
| Roper Technologies Inc | $451.05 | $459.24 | 1.82% |
| Moody's Corporation | $335.65 | $344.74 | 2.71% |
| Gartner Inc | $234.41 | $232.99 | -0.606% |
| Companhia Brasileira De Distribuicao | $8.24 | $7.61 | -7.65% |
The Lockheed Martin stock price gained 1.74% on the last trading day (Friday, 4th Jun 2021), rising from $387.35 to $394.10. 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 2.04% from a day low at $387.61 to a day high of $395.52. The price has been going up and down for this period, and there has been a 1.49% 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, 171 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $716.02 million.
On Apr 25, 2024, it was reported that Wells Fargo gave LMT a "Equal-Weight" grade with a "hold" action.
Lockheed Martin 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 Lockheed Martin Corporation:
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
The Roper Technologies Inc stock price gained 0.88% on the last trading day (Friday, 4th Jun 2021), rising from $447.10 to $451.05. During the last trading day the stock fluctuated 1.05% from a day low at $448.16 to a day high of $452.88. The price has risen in 7 of the last 10 days and is up by 3.1% over the past 2 weeks. Volume fell on the last day by -121 thousand shares and in total, 232 thousand shares were bought and sold for approximately $104.81 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 08, 2024, it was reported that Wolfe Research gave ROP a "Outperform" grade with a "hold" action.
Roper Technologies 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 Roper Technologies Inc:
Roper Technologies, Inc. designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations. It also provides cloud-based data, collaboration, and estimating automation software; electronic marketplace; visual effects and 3D content software; wireless sensor network and solutions; cloud-based software for the life insurance and financial services industries; supply chain software; health care service and software; RFID card readers; data analytics and information; and pharmacy software solutions. In addition, the company offers precision rubber and polymer testing instruments, and data analysis software; ultrasound accessories; testing and analyzing plastic solutions; dispensers and metering pumps; control valves; precision weighing equipment; automated surgical scrub and linen dispensing equipment; water meters; optical and electromagnetic measurement systems; automated leak detection equipment; medical devices; products and services for water and gas utilities; and equipment and consumables. It also provides temperature control and emergency shutoff valves; turbomachinery control hardware, software, and services; specialized pumps; flow meter calibrators and controllers; vibration monitoring systems and controls; analytical instrument; drilling power section; and pressure and level sensors. The company was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in April 2015. The company was incorporated in 1981 and is based in Sarasota, Florida.
The Moody's Corporation stock price gained 0.410% on the last trading day (Friday, 4th Jun 2021), rising from $334.28 to $335.65. During the last trading day the stock fluctuated 0.744% from a day low at $333.51 to a day high of $335.99. The price has risen in 7 of the last 10 days and is up by 2.65% over the past 2 weeks. Volume fell on the last day by -51 thousand shares and in total, 424 thousand shares were bought and sold for approximately $142.47 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 02, 2024, it was reported that UBS gave MCO a "Underperform" grade with a "hold" action.
Moody's 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 Moody's Corporation:
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. This segment provides ratings in approximately 140 countries. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. This segment has rated approximately 5,000 non-financial corporates; 3,600 financial institutions; 16,000 public finance issuers; 145 sovereigns; 47 supranational institutions; 459 sub-sovereigns; and 1,000 infrastructure and project finance issuers, as well as 9,100 structured finance deals. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and on-line and classroom-based training services, as well as credentialing and certification services. It also offers offshore analytical and research services with learning solutions and certification programs; and software solutions, as well as related risk management services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.
The Gartner Inc stock price gained 0.588% on the last trading day (Friday, 4th Jun 2021), rising from $233.04 to $234.41. During the last trading day the stock fluctuated 2.01% from a day low at $231.42 to a day high of $236.07. The price has risen in 7 of the last 10 days and is up by 1.1% 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, 343 thousand more shares were traded than the day before. In total, 817 thousand shares were bought and sold for approximately $191.53 million.
On Apr 16, 2024, it was reported that Deutsche Bank gave IT a "Hold" grade with a "initialise" 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 Gartner Inc stock to perform well in the short-term.
About Gartner Inc:
Gartner, Inc. operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts. The Conferences segment offers business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.
The Companhia Brasileira de Distribuicao stock price gained 4.04% on the last trading day (Friday, 4th Jun 2021), rising from $7.92 to $8.24. During the last trading day the stock fluctuated 4.03% from a day low at $7.94 to a day high of $8.26. The price has risen in 8 of the last 10 days and is up by 23.35% 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, 229 thousand more shares were traded than the day before. In total, 713 thousand shares were bought and sold for approximately $5.87 million.
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 Companhia Brasileira de Distribuicao stock to perform well in the short-term.
About Companhia Brasileira de Distribuicao:
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems. It also offers medications and cosmetics at its drugstores; and non-food products at gas stations, as well as rents commercial spaces and e-commerce sales. The company operates its supermarkets under the banners of Pão de Açúcar, Extra Supermercado, Mercado Extra, and Compre Bem; hypermarkets under the banner of Extra Hiper; and proximity stores under the banners of Mini Extra, Minuto Pão de Açúcar, Pão de Açúcar Adega, and Aliados Minimercado; and gas stations and drugstores under the banners of Extra and Pão de Açúcar, as well as sells its products through its Websites. As of December 31, 2021, it operated 667 stores, 74 gas stations, and 68 drugstores in 16 Brazilian states and the Federal District, as well as 15 distribution centers and warehouses across Brazil. The company was founded in 1948 and is headquartered in São Paulo, Brazil.
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.
