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Breakout Stocks of Week 37

NASDAQ was up last week (week 36) by 1.55% ending at 15 363.52 points after gaining 234.02 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 Intellia Therapeutics Inc NASDAQ:NTLA. This stock has had a buy signal since Aug 20, 2021 when the price was $149.32 and is so far up 18.39% to $176.78. Some other companies are on our watchlist to, among these are Thermo Fisher Scientific Inc NYSE:TMO Uniti Group Inc. NASDAQ:UNIT Cintas Corporation NASDAQ:CTAS and Toro Company (The) NYSE:TTC which all got a breakout pattern emerging.

Date Company Price Week 37
Sep 03, 2021 Intellia Therapeutics Inc $176.78 $160.67 -9.11%
Sep 03, 2021 Thermo Fisher Scientific Inc $568.11 $571.96 0.68%
Sep 03, 2021 Uniti Group Inc. $13.19 $12.69 -3.79%
Sep 03, 2021 Cintas Corporation $396.53 $403.71 1.81%
Sep 03, 2021 Toro Company (the) $109.81 $107.22 -2.36%

Intellia Therapeutics Inc

NASDAQ:NTLA Strong Buy Candidate Score: 8.01
Strong Buy Candidate Score: 8.01 Sep 03, 2021

Intellia Therapeutics IncThe Intellia Therapeutics Inc stock price gained 1.59% on the last trading day (Friday, 3rd Sep 2021), rising from $174.01 to $176.78. , and 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 day the stock fluctuated 5.58% from a day low at $170.40 to a day high of $179.90. The price has risen in 7 of the last 10 days and is up by 18.39% 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, 329 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $225.01 million.

On Nov 05, 2021 "Oppenheimer" gave "$160.00 - $145.00" rating for NTLA. The price target was set to $134.96+0.8%.

Intellia Therapeutics 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.

Thermo Fisher Scientific Inc

NYSE:TMO Strong Buy Candidate Score: 5.71
Strong Buy Candidate Score: 5.71 Sep 03, 2021

Thermo Fisher Scientific IncThe Thermo Fisher Scientific Inc stock price gained 0.47% on the last trading day (Friday, 3rd Sep 2021), rising from $565.47 to $568.11. , and has now gained 4 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 day the stock fluctuated 1.47% from a day low at $560.53 to a day high of $568.80. The price has been going up and down for this period, and there has been a 2.36% gain for the last 2 weeks. Volume fell on the last day by -275 thousand shares and in total, 824 thousand shares were bought and sold for approximately $468.25 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 Oct 28, 2021 "SVB Leerink" gave "$675.00 - $685.00" rating for TMO. The price target was set to $612.29+0.6%.

Thermo Fisher Scientific 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 Thermo Fisher Scientific Inc:
Thermo Fisher Scientific Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics worldwide. Its Life Sciences Solutions segment offers reagents, instruments, and consumables used in biological and medical research, discovery, and production of new drugs and vaccines, as well as diagnosis of diseases. This segment serves pharmaceutical, biotechnology, agricultural, clinical, academic, and government markets. The company’s Analytical Instruments segment provides instruments, consumables, software, and services for applications in the laboratory, on the production line, and in the field. This segment serves pharmaceutical, biotechnology, academic, government, environmental, and other research and industrial markets, as well as clinical laboratories. Its Specialty Diagnostics segment offers liquid, ready-to-use, and lyophilized immunodiagnostic reagent kits, calibrators, controls, and calibration verification fluids; blood-test systems to support the clinical diagnosis and monitoring of allergy, asthma, and autoimmune diseases; dehydrated and prepared culture media, collection and transport systems, instrumentation, and consumables; products for cancer diagnosis and medical research in histology, cytology, and hematology; and human leukocyte antigen typing and testing for the organ transplant market. This segment serves healthcare, clinical, pharmaceutical, industrial, and food safety laboratories. The company’s Laboratory Products and Services segment offers sample preparation, storage, and preservation equipment; controlled temperature technology products; centrifugation products and biological safety cabinets; water analysis instruments and laboratory equipment; laboratory consumables; chemicals; research and safety market channel services; and biopharma services. Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Waltham, Massachusetts.

Uniti Group Inc.

NASDAQ:UNIT Strong Buy Candidate Score: 5.53
Strong Buy Candidate Score: 5.53 Sep 03, 2021

Uniti Group Inc.The Uniti Group Inc. stock price gained 0.53% on the last trading day (Friday, 3rd Sep 2021), rising from $13.12 to $13.19. , and 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 day the stock fluctuated 2.21% from a day low at $12.92 to a day high of $13.20. The price has risen in 6 of the last 10 days and is up by 2.09% 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, 155 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $18.44 million.

The last rating was given by Morgan Stanley on May 03, 2021. The price target was changed from $6.00 to $9.50.

Uniti 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.

Cintas Corporation

NASDAQ:CTAS Strong Buy Candidate Score: 5.24
Strong Buy Candidate Score: 5.24 Sep 03, 2021

Cintas CorporationThe Cintas Corporation stock price gained 0.0378% on the last trading day (Friday, 3rd Sep 2021), rising from $396.38 to $396.53. , and has now gained 7 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 day the stock fluctuated 0.86% from a day low at $394.69 to a day high of $398.10. The price has risen in 8 of the last 10 days and is up by 1.2% 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, 18 thousand more shares were traded than the day before. In total, 324 thousand shares were bought and sold for approximately $128.33 million.

On Sep 30, 2021 "Morgan Stanley" gave "$368.00 - $365.00" rating for CTAS. The price target was set to $389.26+0.8%.

Cintas 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 Cintas Corporation:
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. Its Rental Uniforms and Ancillary Products segment rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services. The company’s Uniform Direct Sales segment is involved in the direct sale of uniforms and related items. Its First Aid, Safety, and Fire Protection Services segment offers first aid, safety, and fire protection products and services. The company offers its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio.

Toro Company (The)

NYSE:TTC Buy Candidate Score: 2.63
Buy Candidate Score: 2.63 Sep 03, 2021

Toro Company (The)The Toro Company (The) stock price gained 0.81% on the last trading day (Friday, 3rd Sep 2021), rising from $108.93 to $109.81. , and 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 day the stock fluctuated 2.33% from a day low at $108.34 to a day high of $110.86. The price has risen in 8 of the last 10 days and is up by 0.46% over the past 2 weeks. Volume fell on the last day by -400 thousand shares and in total, 375 thousand shares were bought and sold for approximately $41.20 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 Oct 27, 2021 "Bank of America" gave "$85.00" rating for TTC. The price target was changed from $99.63 to 1.3%.

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 Toro Company (The):
The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services, turf irrigation systems, landscaping equipment and lighting products, agricultural micro-irrigation systems, rental and specialty construction equipment, and residential yard and snow thrower products worldwide. Its Professional segment offers turf and landscape equipment products, such as sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, rental and construction equipment, and other maintenance equipment; irrigation and lighting products, including sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, and micro-irrigation drip tape and hose products, as well as professionally installed lighting products; and professional snow and ice removal equipment. This segment markets its products to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow through a network of distributors and dealers, as well as directly to government customers, rental companies, and retailers. The company’s Residential segment provides walk power mowers; riding mowers; snow throwers; replacement parts; and home solutions products, including trimmers, blowers, blower-vacuums, and underground and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and an array of home centers, hardware retailers, and mass retailers, as well as through the Internet. The company sells its products primarily under the Toro, Exmark, BOSS, Irritrol, Hayter, Pope, Unique Lighting Systems, and Lawn-Boy trademarks. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.