Breakout Stocks of Week 31
NASDAQ was down last week (week 30) by -1.11% ending at 14,672.68 points after falling -164.31 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 HCI Group Inc NYSE:HCI. This stock has had a buy signal since May 14, 2021 when the price was $76.59 and is so far up 31.19% to $100.48. Some other companies are on our watchlist to, among these are Macquarie Infrastructure Company NYSE:MIC Cutera NASDAQ:CUTR Shenandoah Telecommunications Co NASDAQ:SHEN and PetMed Express NASDAQ:PETS which all got a breakout pattern emerging.
| Date | Company | Price | Week 31 |
|---|---|---|---|
| Hci Group Inc | $100.48 | $115.64 | 15.09% |
| Macquarie Infrastructure Company | $39.50 | $39.35 | -0.380% |
| Cutera | $51.95 | $54.04 | 4.02% |
| Shenandoah Telecommunications Co | $52.79 | $30.20 | -42.79% |
| Petmed Express | $31.39 | $28.88 | -8.00% |
The HCI Group Inc stock price gained 2.53% on the last trading day (Friday, 30th Jul 2021), rising from $98.00 to $100.48. 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 4.08% from a day low at $97.40 to a day high of $101.38. The price has been going up and down for this period, and there has been a 8.63% 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, 59 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately $11.47 million.
On Apr 05, 2024, it was reported that Oppenheimer gave HCI a "Underperform" grade with a "hold" action.
HCI 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 HCI Group Inc:
HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs. The company also owns and operates waterfront properties and retail shopping centers, and an office building, as well as commercial properties for investment purposes. In addition, it designs and develops web-based applications and products for mobile devices, including SAMS, an online policy administration platform; Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; and AtlasViewer, a mapping and data visualization platform. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.
The Macquarie Infrastructure Company stock price gained 0.101% on the last trading day (Friday, 30th Jul 2021), rising from $39.46 to $39.50. 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 1.28% from a day low at $39.13 to a day high of $39.63. The price has risen in 7 of the last 10 days and is up by 2.57% 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, 187 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $44.12 million.
Macquarie Infrastructure Company 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 Macquarie Infrastructure Company:
Macquarie Infrastructure Holdings, LLC, together with its subsidiaries, operates as an energy company that processes and distributes gas, and provides related services to corporations, government agencies, and individual customers. The company distributes and sells synthetic natural gas, liquefied petroleum gas, liquefied natural gas, and renewable natural gas to industrial, commercial, residential, hospitality, military, public sector, and wholesale users. Macquarie Infrastructure Holdings, LLC was founded in 2004 and is based in New York, New York.
The Cutera stock price gained 1.62% on the last trading day (Friday, 30th Jul 2021), rising from $51.12 to $51.95. 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 3.00% from a day low at $50.73 to a day high of $52.25. The price has risen in 7 of the last 10 days and is up by 10.39% over the past 2 weeks. Volume fell on the last day by -195 thousand shares and in total, 122 thousand shares were bought and sold for approximately $6.31 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 Jul 27, 2023, it was reported that Piper Sandler gave CUTR a "Neutral" grade with a "upgrade" action.
Cutera 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 Cutera:
Cutera, Inc., a medical device company, researches, develops, manufactures, markets, and services laser and energy-based aesthetics systems for practitioners worldwide. The company offers Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for deep dermal remodeling; truSculpt flex, a bio-electrical muscle stimulation device to treat patients at all fitness levels; excel V+, a vascular and benign pigmented lesion treatment platform; truSculpt iD, for the non-surgical body sculpting market; and Secret RF, a fractional RF microneedling system for tissue coagulation and hemostasis. It also provides enlighten platform, a laser system that is used for tattoo removal, as well as to treat benign pigmented lesions and acne scars; excel HR platform, a hair removal solution for various skin types; and xeo platform, a multi-application platform on which a customer purchases hand piece applications for the removal of unwanted hair, treatment of vascular lesions, and skin revitalization by treating discoloration, fine lines, and laxity. In addition, the company distributes skincare products; and offers post-warranty services through extended service contracts or direct billing. Further, it provides pulsed light hand pieces for the treatment of discoloration, hair removal, and vascular treatments; and Pearl and Pearl Fractional hand pieces, as well as sells hand piece refills, cycle refills, consumable tips, and marketing brochures through the company's website. The company markets and sells its products through direct sales force to plastic surgeons, dermatologists, gynecologists, family practitioners, primary care physicians, and other qualified practitioners, as well as for physicians performing aesthetic treatments in non-medical offices. Cutera, Inc. was incorporated in 1988 and is headquartered in Brisbane, California.
The Shenandoah Telecommunications Co stock price gained 0.380% on the last trading day (Friday, 30th Jul 2021), rising from $52.59 to $52.79. During the last trading day the stock fluctuated 4.08% from a day low at $50.78 to a day high of $52.85. The price has risen in 6 of the last 10 days and is up by 0.15% 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, 334 thousand shares were bought and sold for approximately $17.63 million.
On Mar 04, 2024, it was reported that BWS Financial gave SHEN a "Buy" grade with a "upgrade" 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 Shenandoah Telecommunications Co stock to perform well in the short-term.
About Shenandoah Telecommunications Co:
Shenandoah Telecommunications Company, together with its subsidiaries, provides a range of broadband communication services and cell tower colocation space in the Mid-Atlantic portion of the United States. Its Broadband segment offers broadband, video, and voice services to residential and commercial customers in Virginia, West Virginia, Maryland, Pennsylvania, and Kentucky, via hybrid fiber coaxial cable under the Shentel brand, fiber optic services under the Glo Fiber brand, and fixed wireless network services under the Beam brand name. This segment leases fiber and provides Ethernet and wavelength fiber optic services. In addition, the company offers voice and digital subscriber line telephone services. The company's Tower segment owns 220 cell towers and leases colocation space on the towers. Shenandoah Telecommunications Company was founded in 1902 and is based in Edinburg, Virginia.
The PetMed stock price gained 2.38% on the last trading day (Friday, 30th Jul 2021), rising from $30.66 to $31.39. During the last trading day the stock fluctuated 5.61% from a day low at $29.76 to a day high of $31.43. The price has been going up and down for this period, and there has been a 9.37% 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, 144 thousand more shares were traded than the day before. In total, 687 thousand shares were bought and sold for approximately $21.57 million.
On Jul 26, 2022, it was reported that Morgan Stanley gave PETS a "Underweight" grade with a "hold" action.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PetMed stock to perform well in the short-term period.
About PetMed Express:
PetMed Express, Inc., together with its subsidiaries, operates as a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and other supplies for dogs, cats, and horses. It offers non-prescription medications and supplies, such as flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies; and prescription medications, including heartworm preventatives, flea and tick preventatives, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes. The company also sells food, beds, crates, stairs, and other pet supplies. It sells its products through its Internet website; mobile app; telephone contact center; and direct mail/print, which includes brochures and postcards, as well as television advertising under the 1-800-PetMeds and PetMeds brands. PetMed Express, Inc. was incorporated in 1996 and is headquartered in Delray Beach, Florida.
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.
