50% off all subscriptions! ... left. Order NowOrder Now

Breakout Stocks of Week 40

NASDAQ was up last week (week 39) by 0.0248% ending at 15 047.70 points after gaining 3.73 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 31.46% to $96.37. Some other companies are on our watchlist to, among these are PRA Group NASDAQ:PRAA Monolithic Power Systems NASDAQ:MPWR Patterson Companies NASDAQ:PDCO and Tekla World Healthcare Fund NYSE:THW which all got a breakout pattern emerging.

Date Company Price Week 40
Sep 24, 2021 Trinet Group Inc $96.37 $96.54 0.18%
Sep 24, 2021 Pra Group $40.87 $42.62 4.28%
Sep 24, 2021 Monolithic Power Systems $517.92 $483.08 -6.73%
Sep 24, 2021 Patterson Companies $30.43 $31.28 2.79%
Sep 24, 2021 Tekla World Healthcare Fund $16.88 $16.55 -1.95%

TriNet Group Inc

NYSE:TNET Strong Buy Candidate Score: 6.62
Strong Buy Candidate Score: 6.62 Sep 24, 2021

TriNet Group IncThe TriNet Group Inc stock price gained 0.56% on the last trading day (Friday, 24th Sep 2021), rising from $95.83 to $96.37. , 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 0.91% from a day low at $95.90 to a day high of $96.77. The price has risen in 8 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 130 thousand shares were bought and sold for approximately $12.53 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 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.

PRA Group

NASDAQ:PRAA Strong Buy Candidate Score: 5.70
Strong Buy Candidate Score: 5.70 Sep 24, 2021

PRA GroupThe PRA Group stock price gained 0.42% on the last trading day (Friday, 24th Sep 2021), rising from $40.70 to $40.87. During the day the stock fluctuated 1.72% from a day low at $40.66 to a day high of $41.36. The price has risen in 6 of the last 10 days, but is still down by -0.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 122 thousand more shares were traded than the day before. In total, 299 thousand shares were bought and sold for approximately $12.24 million.

On Nov 09, 2021 "JMP Securities" gave "$47.00 - $60.00" rating for PRAA. The price target was set to $47.08+1.7%.

PRA Group 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 PRA Group:
PRA Group, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of nonperforming consumer loans in the Americas and Europe. It is involved in the acquisition, collection, and processing of unpaid and normal-course accounts receivable owed to credit grantors, governments, retailers, and others. The company also acquires receivables of Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, insolvency accounts, deficiency balances of various types, legal judgments, and trade payables from various receivable owners, including banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, auto finance companies, student loan companies, and other debt buyers. In addition, it provides fee-based services comprising contingent collections of defaulted finance receivables; vehicle location, skip tracing, and collateral recovery services for auto lenders, governments, and law enforcement; revenue administration, audit, and discovery/recovery services for government entities; and class action claims recovery and related payment processing services. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.

Monolithic Power Systems

NASDAQ:MPWR Buy Candidate Score: 4.65
Buy Candidate Score: 4.65 Sep 24, 2021

Monolithic Power SystemsThe Monolithic Power Systems stock price gained 0.0328% on the last trading day (Friday, 24th Sep 2021), rising from $517.75 to $517.92. , 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 1.79% from a day low at $512.21 to a day high of $521.40. The price has risen in 7 of the last 10 days and is up by 4.84% over the past 2 weeks. Volume fell on the last day by -173 thousand shares and in total, 201 thousand shares were bought and sold for approximately $104.24 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 29, 2021 "Raymond James" gave "$440.00 - $600.00" rating for MPWR. The price target was changed from $511.90 to 6.9%.

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 Monolithic Power Systems stock to perform well in the short-term.

About Monolithic Power Systems:
Monolithic Power Systems, Inc. designs, develops, and markets integrated power semiconductor solutions and power delivery architectures for communications, storage and computing, consumer, and industrial market segments. It offers direct current (DC) to DC converter integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment. The company also provides lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, LCD monitors, car navigation systems, and LCD televisions. In addition, it offers alternating current (AC)/DC offline solutions for lighting illumination applications; and AC/DC power conversion solutions for various end products that plug into a wall outlet. The company markets its products through third party distributors, value-added resellers, and directly to original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers in China, Taiwan, Europe, Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was founded in 1997 and is headquartered in San Jose, California.

Patterson Companies

NASDAQ:PDCO Buy Candidate Score: 3.60
Buy Candidate Score: 3.60 Sep 24, 2021

Patterson CompaniesThe Patterson Companies stock price gained 0.0658% on the last trading day (Friday, 24th Sep 2021), rising from $30.41 to $30.43. During the day the stock fluctuated 1.09% from a day low at $30.18 to a day high of $30.51. The price has fallen in 7 of the last 10 days and is down by -5.5% for this period. Volume fell on the last day by -137 thousand shares and in total, 318 thousand shares were bought and sold for approximately $9.69 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.

Robert W. Baird does not see either upside or downside right now giving PDCO "Neutral" on their last update on Jun 24, 2021. The price target was changed from $37.00 to $35.00.

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 Patterson Companies stock to perform well in the short-term.

About Patterson Companies:
Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company’s Dental Supply segment offers dental products, including consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery. This segment also develops and sells technology solutions, such as practice management software and e-commerce solutions. In addition, it offers a range of related services, including software and design services, maintenance and repair, and equipment financing. The company’s Animal Health Supply segment distributes animal health products, such as pharmaceuticals, vaccines, parasiticides, diagnostics, prescription and non-prescription diets, nutritionals, consumable supplies, equipment, and software to veterinarians, producers, and retailers under the Aspen, First Companion, and Patterson Veterinary brands. This segment also offers a range of value-added services to animal health customers. The company’s customers include dentists, laboratories, institutions, other healthcare professionals, veterinarians, other animal health professionals, production animal operators, and animal health product retailers. The company was formerly known as Patterson Dental Company and changed its name to Patterson Companies, Inc. in June 2004. Patterson Companies, Inc. was founded in 1877 and is headquartered in St. Paul, Minnesota.

Tekla World Healthcare Fund

NYSE:THW Buy Candidate Score: 2.62
Buy Candidate Score: 2.62 Sep 24, 2021

The Tekla World Healthcare Fund fund price gained 0.24% on the last trading day (Friday, 24th Sep 2021), rising from $16.84 to $16.88. , 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 fund fluctuated 0.48% from a day low at $16.80 to a day high of $16.88. The price has fallen in 6 of the last 10 days and is down by -1.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 48 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately $2.08 million.

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 Tekla World Healthcare Fund fund to perform well in the short-term.