Breakout Stocks of Week 33

NASDAQ was up last week (week 32) by 1.11% ending at 14,835.76 points after gaining 163.08 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 Almondz Global Securities Limited NSE:ALMONDZ. This stock has had a buy signal since May 19, 2021 when the price was ₹35.15 and is so far up 98.72% to ₹69.85. Some other companies are on our watchlist to, among these are CoreSite Realty Corporation NYSE:COR Canadian Imperial Bank of Commerce TSX:CM ProShares UltraShort Silver ETF NYSEARCA:ZSL and Cera Sanitaryware Limited NSE:CERA which all got a breakout pattern emerging.

Date Company Price Week 33
Aug 06, 2021 Almondz Global Securities Limited ₹69.85 ₹70.15 0.429%
Aug 06, 2021 Coresite Realty Corporation $140.77 $142.79 1.43%
Aug 06, 2021 Canadian Imperial Bank Of Commerce $73.71 $74.57 1.17%
Aug 06, 2021 Proshares Ultrashort Silver Etf $26.62 $27.74 4.21%
Aug 06, 2021 Cera Sanitaryware Limited ₹4,636.40 ₹4,746.70 2.38%

Almondz Global Securities Limited

NSE:ALMONDZ Strong Buy Candidate Score: 8.55
Strong Buy Candidate Score: 8.55 Aug 06, 2021

Almondz Global Securities LimitedThe Almondz Global Securities Limited stock price gained 4.96% on the last trading day (Friday, 6th Aug 2021), rising from ₹66.55 to ₹69.85. 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 2.87% from a day low at ₹67.90 to a day high of ₹69.85. The price has risen in 7 of the last 10 days and is up by 14.32% 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, 24 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately ₹4.48 million.

Almondz Global Securities Limited 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 Almondz Global Securities Limited:
Almondz Global Securities Limited operates as an investment bank in India. The company operates through Debt and Equity Market Operations, Consultancy and Advisory Fees, Wealth Advisory/Broking Activities, Finance Activities, Infrastructure Advisory, and Healthcare Services segments. It offers corporate finance advisory services, including initial public offerings (IPOs), follow-on public offerings, rights issues, takeovers, delisting, buy backs, and equity valuations; private equity, merger and acquisition, and corporate restructuring services; debt private placement, loan syndication, and debt restructuring services, as well as issues bonds; and infrastructure advisory, joint venture, and project advisory services, as well as merchant banking and underwriting services. The company also provides equity broking services, such as institutional equity, retail equity, equity research, and portfolio management; debt portfolio management services comprising money market operation and debt trading; and wealth management services, which include mutual funds, equity and debt IPOs, derivative strategies, insurance, and other financial products. In addition, it offers mutual funds, fixed income products, loan and mortgages, derivatives, commodities, currencies, PMS, insurance, and real estate services; and operates eye care centers. The company was incorporated in 1994 and is based in Mumbai, India. Almondz Global Securities Limited is a subsidiary of Avonmore Capital & Management Services Limited.

CoreSite Realty Corporation

NYSE:COR Strong Buy Candidate Score: 8.52
Strong Buy Candidate Score: 8.52 Aug 06, 2021

CoreSite Realty CorporationThe CoreSite Realty Corporation stock price gained 0.528% on the last trading day (Friday, 6th Aug 2021), rising from $140.03 to $140.77. During the last trading day the stock fluctuated 1.06% from a day low at $139.49 to a day high of $140.97. The price has risen in 7 of the last 10 days and is up by 1.92% 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, 22 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately $26.52 million.

On Dec 14, 2023, it was reported that CFRA gave COR a "Buy" grade with a "upgrade" action.

CoreSite Realty 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 CoreSite Realty Corporation:
CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The data centers are specialized and secure buildings that house networking, storage, and communications technology infrastructure, including servers, storage devices, switches, routers, and fiber optic transmission equipment. These buildings provide the power, cooling, and network connectivity to operate this mission-critical equipment. The company’s data centers are located in Los Angeles, the San Francisco Bay and northern Virginia areas, Chicago, Boston, New York City, and Miami. CoreSite Realty Corporation serves telecommunications carriers, content and media entertainment providers, cloud providers, enterprise customers, financial and educational institutions, and government agencies. As of December 31, 2011, its property portfolio included 12 operating data center facilities and 1 development site. The company is qualified as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal income taxes, if it distributes at least 90% of its REIT taxable income to its stockholders. The company was founded in 2010 and is headquartered in Denver, Colorado.

Canadian Imperial Bank of Commerce

TSX:CM Strong Buy Candidate Score: 7.37
Strong Buy Candidate Score: 7.37 Aug 06, 2021

Canadian Imperial Bank of CommerceThe Canadian Imperial Bank of Commerce stock price gained 1.66% on the last trading day (Friday, 6th Aug 2021), rising from $72.50 to $73.71. 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 1.22% from a day low at $72.83 to a day high of $73.71. The price has risen in 8 of the last 10 days and is up by 3.43% 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, 993 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $174.45 million.

Canadian Imperial Bank of Commerce 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 Canadian Imperial Bank of Commerce:
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

ProShares UltraShort Silver ETF

NYSEARCA:ZSL Strong Buy Candidate Score: 7.31
Strong Buy Candidate Score: 7.31 Aug 06, 2021

The ProShares UltraShort Silver ETF price gained 6.91% on the last trading day (Friday, 6th Aug 2021), rising from $24.90 to $26.62. 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 ETF fluctuated 2.09% from a day low at $26.28 to a day high of $26.83. The price has risen in 6 of the last 10 days and is up by 6.48% 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, 613 thousand more shares were traded than the day before. In total, 864 thousand shares were bought and sold for approximately $22.99 million.

ProShares UltraShort Silver 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 ProShares UltraShort Silver ETF:
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the fundâ??s benchmark.

Cera Sanitaryware Limited

NSE:CERA Strong Buy Candidate Score: 6.70
Strong Buy Candidate Score: 6.70 Aug 06, 2021

Cera Sanitaryware LimitedThe Cera Sanitaryware Limited stock price gained 0.452% on the last trading day (Friday, 6th Aug 2021), rising from ₹4,615.55 to ₹4,636.40. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.77% from a day low at ₹4,554.85 to a day high of ₹4,681.20. The price has risen in 6 of the last 10 days and is up by 6.09% over the past 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 16 thousand shares were bought and sold for approximately ₹73.09 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.

Cera Sanitaryware Limited 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 Cera Sanitaryware Limited:
Cera Sanitaryware Limited manufactures, sells, trades in, and outsources sanitary ware and faucet ware products in India. It offers sanitary ware products, including EWC's, wash basins, cisterns, seat covers, urinals, electronic flushing systems, water saving products, bath accessories, and kids range products, as well as special needs products. The company also provides faucets comprising single lever faucets, foot operated faucets, quarter and half turn faucets, sensor and touch faucets, showers, health faucets, bathroom allied products and accessories, and other auxiliary products and special needs faucets; and wellness products consisting of steam shower rooms, shower cubicles and partitions, bath tubs and whirlpool, fillers, shower panels, indoor swimming pools, and pressure pumps. In addition, it offers kitchen sinks, mirrors, and water heaters, as well as wall and floor tiles. It also exports its products. The company was formerly known as Madhusudan Oils and Fats Limited and changed its name to Cera Sanitaryware Limited in November 2002. Cera Sanitaryware Limited was founded in 1980 and is based in Ahmedabad, India.

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