Breakout Stocks of Week 27
NASDAQ was up last week (week 26) by 2.35% ending at 14,360.39 points after gaining 330.01 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 Gartner Inc NYSE:IT. This stock has had a buy signal since Apr 01, 2021 when the price was $187.27 and is so far up 29.20% to $241.95. Some other companies are on our watchlist to, among these are Tenet Healthcare Corporation NYSE:THC Arcadium Lithium plc NASDAQ:ALTM Evertec Inc NYSE:EVTC and FactSet Research Systems Inc NYSE:FDS which all got a breakout pattern emerging.
| Date | Company | Price | Week 27 |
|---|---|---|---|
| Gartner Inc | $241.95 | $253.69 | 4.85% |
| Tenet Healthcare Corporation | $69.94 | $68.53 | -2.02% |
| Arcadium Lithium Plc | $70.68 | $69.43 | -1.77% |
| Evertec Inc | $44.42 | $44.54 | 0.270% |
| Factset Research Systems Inc | $332.08 | $338.47 | 1.92% |
The Gartner Inc stock price gained 1.54% on the last trading day (Friday, 25th Jun 2021), rising from $238.27 to $241.95. During the last trading day the stock fluctuated 2.00% from a day low at $237.81 to a day high of $242.57. The price has risen in 5 of the last 10 days and is up by 3.85% 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, 104 thousand more shares were traded than the day before. In total, 812 thousand shares were bought and sold for approximately $196.40 million.
On Apr 16, 2024, it was reported that Deutsche Bank gave IT a "Hold" grade with a "initialise" action.
Gartner 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 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 Tenet Healthcare Corporation stock price gained 1.52% on the last trading day (Friday, 25th Jun 2021), rising from $68.89 to $69.94. During the last trading day the stock fluctuated 2.65% from a day low at $68.30 to a day high of $70.11. The price has fallen in 6 of the last 10 days but is still up by 1.69% 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, 2 million shares were bought and sold for approximately $131.36 million.
On Apr 12, 2024, it was reported that Deutsche Bank gave THC a "Buy" grade with a "hold" action.
Tenet Healthcare 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 Tenet Healthcare Corporation:
Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.
The Arcadium Lithium plc stock price gained 2.09% on the last trading day (Friday, 25th Jun 2021), rising from $69.23 to $70.68. 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 4.81% from a day low at $69.03 to a day high of $72.35. The price has risen in 8 of the last 10 days and is up by 3.12% 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, 550 thousand more shares were traded than the day before. In total, 589 thousand shares were bought and sold for approximately $41.63 million.
On Apr 03, 2024, it was reported that Scotiabank gave ALTM a "Underperform" grade with a "hold" action.
Arcadium Lithium plc 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.
The Evertec Inc stock price gained 0.543% on the last trading day (Friday, 25th Jun 2021), rising from $44.18 to $44.42. It has now gained 5 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 1.52% from a day low at $44.07 to a day high of $44.74. The price has risen in 7 of the last 10 days and is up by 0.75% 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, 441 thousand more shares were traded than the day before. In total, 607 thousand shares were bought and sold for approximately $26.95 million.
On Jul 27, 2023, it was reported that Morgan Stanley gave EVTC a "Underweight" grade with a "hold" action.
Evertec 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 Evertec Inc:
EVERTEC, Inc. engages in transaction processing business in Latin America and the Caribbean. The company operates through Payment Services - Puerto Rico & Caribbean; Payment Services - Latin America; Merchant Acquiring; Business Solutions, and Corporate and Other segments. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. The company also offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers; and EBT services. In addition, it provides business process management solutions comprising core bank processing, network hosting and management, IT consulting, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. Further, the company owns and operates the ATH network, an automated teller machine and personal identification number debit networks. It manages a system of electronic payment networks that process approximately three billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
The FactSet Research Systems Inc stock price gained 0.439% on the last trading day (Friday, 25th Jun 2021), rising from $330.63 to $332.08. During the last trading day the stock fluctuated 0.92% from a day low at $330.51 to a day high of $333.54. The price has been going up and down for this period, and there has been a 1.12% 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, 157 thousand more shares were traded than the day before. In total, 294 thousand shares were bought and sold for approximately $97.70 million.
On Mar 25, 2024, it was reported that BMO Capital gave FDS a "Market Perform" grade with a "hold" action.
FactSet Research Systems Inc holds several positive signals and is within a weak 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 FactSet Research Systems Inc:
FactSet Research Systems Inc., a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
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.
