Breakout Stocks of Week 35
NASDAQ was down last week (week 34) by -0.730% ending at 14,714.66 points after falling -108.24 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 Everbridge Inc NASDAQ:EVBG. This stock has had a buy signal since Jul 06, 2021 when the price was $143.41 and is so far up 1.65% to $145.78. Some other companies are on our watchlist to, among these are Liberty Media Corporation Series C NASDAQ:FWONK Extra Space Storage Inc NYSE:EXR Nexpoint Real Estate Finance Inc NYSE:NREF and Walmart Stores Inc NYSE:WMT which all got a breakout pattern emerging.
| Date | Company | Price | Week 35 |
|---|---|---|---|
| Everbridge Inc | $145.78 | $151.89 | 4.19% |
| Liberty Media Corporation Series C | $48.07 | $49.84 | 3.68% |
| Extra Space Storage Inc | $177.56 | $183.45 | 3.32% |
| Nexpoint Real Estate Finance Inc | $20.90 | $21.28 | 1.82% |
| Walmart Stores Inc | $50.48 | $48.84 | -3.26% |
The Everbridge Inc stock price gained 2.07% on the last trading day (Friday, 20th Aug 2021), rising from $142.83 to $145.78. During the last trading day the stock fluctuated 2.94% from a day low at $142.30 to a day high of $146.48. The price has risen in 7 of the last 10 days and is up by 2.34% over the past 2 weeks. Volume fell on the last day by -53 thousand shares and in total, 284 thousand shares were bought and sold for approximately $41.35 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 11, 2023, it was reported that Needham gave EVBG a "Buy" grade with a "upgrade" action.
Everbridge 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 Everbridge Inc:
Everbridge, Inc. operates as a software company, provides enterprise software applications that automate and accelerate organizations operational response to critical events in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, Safety Connection, IT Alerting, Visual Command Center, Public Warning, Community Engagement, Risk Center, Crisis Management, CareConverge, Control Center, 911 Connect, Travel Risk Management, SnapComms, and E911; and provides customer support services. It serves enterprises, small businesses, non-profit organizations, educational institutions, and government agencies in technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, higher education, and professional services industries. The company was formerly known as 3n Global, Inc. and changed its name to Everbridge, Inc. in April 2009. The company was founded in 2002 and is headquartered in Burlington, Massachusetts.
The Liberty Media Corporation Series C stock price gained 1.71% on the last trading day (Friday, 20th Aug 2021), rising from $47.26 to $48.07. During the last trading day the stock fluctuated 2.19% from a day low at $47.07 to a day high of $48.10. The price has been going up and down for this period, and there has been a 1.07% 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, 216 thousand more shares were traded than the day before. In total, 524 thousand shares were bought and sold for approximately $25.19 million.
On Sep 05, 2023, it was reported that Wolfe Research gave FWONK a "Outperform" grade with a "upgrade" action.
Liberty Media Corporation Series C 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 Liberty Media Corporation Series C:
Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.
The Extra Space Storage Inc stock price gained 0.601% on the last trading day (Friday, 20th Aug 2021), rising from $176.50 to $177.56. During the last trading day the stock fluctuated 2.00% from a day low at $175.77 to a day high of $179.29. The price has been going up and down for this period, and there has been a 1.17% gain for the last 2 weeks. Volume fell on the last day by -47 thousand shares and in total, 735 thousand shares were bought and sold for approximately $130.46 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 05, 2024, it was reported that Wells Fargo gave EXR a "Overweight" grade with a "hold" action.
Extra Space Storage 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 Extra Space Storage Inc:
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
The Nexpoint Real Estate Finance Inc stock price gained 2.45% on the last trading day (Friday, 20th Aug 2021), rising from $20.40 to $20.90. During the last trading day the stock fluctuated 2.29% from a day low at $20.47 to a day high of $20.94. The price has fallen in 7 of the last 10 days and is down by -7.32% for this period. Volume fell on the last day by -32 thousand shares and in total, 168 thousand shares were bought and sold for approximately $3.50 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 May 07, 2024, it was reported that Keefe, Bruyette & Woods gave NREF a "Market Perform" grade with a "hold" action.
Nexpoint Real Estate Finance 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 Nexpoint Real Estate Finance Inc:
NexPoint Real Estate Finance, Inc. operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred equity, and preferred stock, as well as multifamily commercial mortgage backed securities securitizations. The company intends to qualify as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2019 and is based in Dallas, Texas.
The Walmart stock price gained 0.89% on the last trading day (Friday, 20th Aug 2021), rising from $50.04 to $50.48. During the last trading day the stock fluctuated 1.32% from a day low at $49.92 to a day high of $50.57. The price has risen in 7 of the last 10 days and is up by 4.28% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 19 million shares were bought and sold for approximately $971.97 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 May 07, 2024, it was reported that UBS gave WMT a "Buy" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Walmart Stores Inc:
Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in 1945 and is based in Bentonville, Arkansas.
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.
