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Breakout Stocks of Week 39

NASDAQ was down last week (week 38) by -0.47% ending at 15 043.97 points after falling -71.52 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 TriNet Group Inc NYSE:TNET. This stock has had a buy signal since Jul 23, 2021 when the price was $73.31 and is so far up 27.75% to $93.65. Some other companies are on our watchlist to, among these are L3Harris Technologies, Inc. NYSE:LHX Eagle Bancorp NASDAQ:EGBN Automatic Data Processing NASDAQ:ADP and Brookfield Renewable Powerr Fund NYSE:BEP which all got a breakout pattern emerging.

Date Company Price Week 39
Sep 17, 2021 Trinet Group Inc $93.65 $96.37 2.90%
Sep 17, 2021 L3harris Technologies, Inc. $222.46 $223.49 0.46%
Sep 17, 2021 Eagle Bancorp $54.08 $55.16 2.00%
Sep 17, 2021 Automatic Data Processing $198.67 $202.22 1.79%
Sep 17, 2021 Brookfield Renewable Powerr Fund $38.97 $38.21 -1.95%

TriNet Group Inc

NYSE:TNET Strong Buy Candidate Score: 5.63
Strong Buy Candidate Score: 5.63 Sep 17, 2021

TriNet Group IncThe TriNet Group Inc stock price gained 0.30% on the last trading day (Friday, 17th Sep 2021), rising from $93.37 to $93.65. , 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 1.65% from a day low at $93.19 to a day high of $94.73. The price has risen in 5 of the last 10 days and is up by 1.02% 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, 359 thousand more shares were traded than the day before. In total, 508 thousand shares were bought and sold for approximately $47.58 million.

On Oct 26, 2021 "Credit Suisse Group" gave "$85.00 - $90.00" rating for TNET. The price target was set to $97.02+0.1%.

TriNet 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 TriNet Group Inc:
TriNet Group, Inc. provides human resources solutions for small and medium-sized businesses in the United States and Canada. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state, and local labor employment and benefit law compliance; risk mitigation, such as employment practices claims management; expense and time management; and human capital consulting and other services. It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality. The company markets its solutions through its sales representatives. TriNet Group, Inc. was founded in 1988 and is headquartered in San Leandro, California.

L3Harris Technologies, Inc.

NYSE:LHX Buy Candidate Score: 2.70
Buy Candidate Score: 2.70 Sep 17, 2021

The L3Harris Technologies, Inc. stock price gained 0.65% on the last trading day (Friday, 17th Sep 2021), rising from $221.03 to $222.46. During the day the stock fluctuated 1.34% from a day low at $220.67 to a day high of $223.62. The price has fallen in 6 of the last 10 days and is down by -5% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 790 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $492.78 million.

On Nov 04, 2021 "Morgan Stanley" gave "$238.00 - $230.00" rating for LHX. The price target was changed from $220.86 to 0.1%.

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 L3Harris Technologies, Inc.:
L3Harris Technologies, Inc. provides technology-based solutions that solve government and commercial customers' mission-critical challenges in the United States and internationally. The company operates in three segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. It designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems, multiband manpack and handheld radios, multi-channel manpack and airborne radios, and single-channel airborne radios, as well as wideband rifleman team, ground, and high frequency manpack radios. The company also offers wireless communications systems, such as digital trunked, statewide, and multi-agency systems, as well as land mobile radio (LMR) and radio frequency systems; and single-band LMR terminals and multiband radios comprising a handheld radio and a full-spectrum mobile radio for vehicles. In addition, it provides electronic warfare, avionics, command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions for defense and classified customers; and mission-critical communication systems for civil and military aviation and other customers. Further, the company offers intelligence, space protection, geospatial, earth observation, exploration, positioning, navigation and timing, and environmental solutions using advanced sensors, antennas, and payloads, as well as ground processing and information analytics for national security, defense, civil and commercial customers. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Eagle Bancorp

NASDAQ:EGBN Buy Candidate Score: 2.58
Buy Candidate Score: 2.58 Sep 17, 2021

Eagle BancorpThe Eagle Bancorp stock price gained 0.41% on the last trading day (Friday, 17th Sep 2021), rising from $53.86 to $54.08. During the day the stock fluctuated 2.46% from a day low at $53.39 to a day high of $54.70. The price has fallen in 7 of the last 10 days and is down by -5.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 378 thousand more shares were traded than the day before. In total, 476 thousand shares were bought and sold for approximately $25.77 million.

Gabelli is very positive about EGBN and gave it a "Hold - Buy" rating on Jan 29, 2021. The price target was set to $45.00.

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 Eagle Bancorp:
Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans. In addition, it provides online and mobile banking services; other services, including cash management services, business sweep accounts, lock boxes, remote deposit captures, account reconciliation services, merchant card services, safety deposit boxes, and automated clearing house origination, as well as after-hours depositories and ATM services. Further, it provides commercial and retail insurance products through a referral arrangement. The company serves sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations, associations, and individuals, as well as investors. It operates 21 banking offices consisting 9 in Northern Virginia; 7 in Montgomery County, Maryland; and 5 in Washington, D.C. Eagle Bancorp, Inc. was founded in 1997 and is headquartered in Bethesda, Maryland.

Automatic Data Processing

NASDAQ:ADP Buy Candidate Score: 2.49
Buy Candidate Score: 2.49 Sep 17, 2021

Automatic Data ProcessingThe Automatic Data Processing stock price gained 0.14% on the last trading day (Friday, 17th Sep 2021), rising from $198.40 to $198.67. During the day the stock fluctuated 1.20% from a day low at $197.42 to a day high of $199.78. The price has fallen in 6 of the last 10 days and is down by -3.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $611.41 million.

On Nov 16, 2021 "Robert W. Baird" gave "$228.00 - $242.00" rating for ADP. The price target was set to $236.38+1.4%.

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 Automatic Data Processing:
Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions. This segment’s integrated HCM solutions include RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM, and ADP GlobalView, which assist employers of all sizes in all stages of the employment cycle from recruitment to retirement; and ADP SmartCompliance and ADP Health Compliance. The PEO Services segment provides a human resources (HR) outsourcing solution through a co-employment model to small and mid-sized businesses. This segment offers ADP TotalSource that provides various HR management services and employee benefits functions, such as HR administration, employee benefits, and employer liability management into a single-source solution. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Brookfield Renewable Powerr Fund

NYSE:BEP Buy Candidate Score: 2.43
Buy Candidate Score: 2.43 Sep 17, 2021

Brookfield Renewable Powerr FundThe Brookfield Renewable Powerr Fund fund price gained 0.78% on the last trading day (Friday, 17th Sep 2021), rising from $38.67 to $38.97. During the day the fund fluctuated 1.61% from a day low at $38.40 to a day high of $39.02. The price has fallen in 7 of the last 10 days and is down by -5.92% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 319 thousand more shares were traded than the day before. In total, 605 thousand shares were bought and sold for approximately $23.58 million.

On Nov 08, 2021 "Raymond James" gave "$44.00" rating for BEP. The price target was changed from $39.19 to 1.1%.

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 Brookfield Renewable Powerr Fund:
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities. It owns and manages 207 hydroelectric generating stations, 37 wind facilities, 3 biomass facilities, and 2 natural gas-fired plants with 7,284 megawatts of generating capacity in the United States, Canada, Brazil, and Europe. The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users. Brookfield Renewable Partners Limited operates as the general partner of Brookfield Renewable Partners L.P. The company was formerly known as Brookfield Renewable Energy Partners L.P. and changed its name to Brookfield Renewable Partners L.P. in May 2016. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada.