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Breakout Stocks of Week 41

NASDAQ was down last week (week 40) by -3.20% ending at 14 566.70 points after falling -481.00 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 Atlas Corp. NYSE:ATCO. This stock has had a buy signal since Aug 24, 2021 when the price was $14.18 and is so far up 7.48% to $15.24. Some other companies are on our watchlist to, among these are The First Bancshares NASDAQ:FBMS Santander Consumer USA Holdings Inc NYSE:SC UMH Properties Inc NYSE:UMH and First Trust NASDAQ-100 Equal Weighted Index Fund NASDAQ:QQEW which all got a breakout pattern emerging.

Date Company Price Week 41
Oct 01, 2021 Atlas Corp. $15.24 $14.42 -5.38%
Oct 01, 2021 The First Bancshares $39.36 $39.08 -0.71%
Oct 01, 2021 Santander Consumer Usa Holdings Inc $41.60 $41.65 0.12%
Oct 01, 2021 Umh Properties Inc $23.40 $22.58 -3.50%
Oct 01, 2021 First Trust Nasdaq-100 Equal Weighted Index Fund $111.56 $111.86 0.27%

Atlas Corp.

NYSE:ATCO Buy Candidate Score: 4.78
Buy Candidate Score: 4.78 Oct 01, 2021

The Atlas Corp. stock price gained 0.33% on the last trading day (Friday, 1st Oct 2021), rising from $15.19 to $15.24. During the day the stock fluctuated 1.99% from a day low at $15.09 to a day high of $15.39. The price has risen in 6 of the last 10 days, but is still down by -2.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 639 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $15.64 million.

On Nov 18, 2021 "Credit Suisse Group" gave "" rating for ATCO. The price target was set to $14.40+2.9%.

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 Atlas Corp. stock to perform well in the short-term.

The First Bancshares

NASDAQ:FBMS Buy Candidate Score: 4.06
Buy Candidate Score: 4.06 Oct 01, 2021

The First BancsharesThe The First Bancshares stock price gained 1.50% on the last trading day (Friday, 1st Oct 2021), rising from $38.78 to $39.36. During the day the stock fluctuated 3.44% from a day low at $38.36 to a day high of $39.68. The price has been going up and down for this period, and there has been a -1.33% loss 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, 97 thousand more shares were traded than the day before. In total, 152 thousand shares were bought and sold for approximately $5.97 million.

DA Davidson does not see either upside or downside right now giving FBMS "Buy - Neutral" on their last update on Jun 14, 2021. The price target was changed from $44.00 to $44.50.

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 The First Bancshares stock to perform well in the short-term.

About The First Bancshares:
The First Bancshares, Inc. operates as the bank holding company for The First, A National Banking Association that provides commercial and retail banking services to small to medium-sized businesses, professional concerns, and individuals. It accepts various deposit products, including checking accounts, NOW accounts, and savings accounts; time deposits, such as money market accounts and certificates of deposit; and individual retirement accounts. The company also offers commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans. In addition, it originates loans to purchase existing or construct new homes, and to refinance existing mortgages. Further, the company offers Internet banking services, voice response telephone inquiry services, commercial sweep accounts, cash management services, safe deposit boxes, travelers’ checks, direct deposit of payroll and social security checks, automatic drafts for various accounts, automated teller machines, and VISA and MasterCard credit card services. It operates through 27 branches, 1 motor bank facility, and 4 loan production offices in the states of Mississippi, Alabama, and Louisiana. The First Bancshares, Inc. was incorporated in 1995 and is headquartered in Hattiesburg, Mississippi.

Santander Consumer USA Holdings Inc

NYSE:SC Buy Candidate Score: 3.14
Buy Candidate Score: 3.14 Oct 01, 2021

Santander Consumer USA Holdings IncThe Santander Consumer USA Holdings Inc stock price fell by -0.24% on the last day (Friday, 1st Oct 2021) from $41.70 to $41.60. During the day the stock fluctuated 0.36% from a day low at $41.54 to a day high of $41.69. The price has risen in 7 of the last 10 days and is up by 0.46% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 1 million shares were bought and sold for approximately $57.88 million.

On Oct 11, 2021 "Barclays" gave "$39.00 - $41.00" rating for SC. The price target was set to $41.65.

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 Santander Consumer USA Holdings Inc stock to perform well in the short-term.

About Santander Consumer USA Holdings Inc:
Santander Consumer USA Holdings Inc., a specialized consumer finance company, provides vehicle finance and third-party servicing in the United States. The company’s vehicle finance products and services include retail installment contracts, vehicle leases, and dealer loans. It also offers financial products and services related to motorcycles, RVs, and marine vehicles; originates vehicle loans through a Web-based direct lending program; purchases vehicle retail installment contracts from other lenders; and services automobile, and recreational and marine vehicle portfolios for other lenders. Santander Consumer USA Holdings Inc. was founded in 1995 and is headquartered in Dallas, Texas. Santander Consumer USA Holdings Inc. is a subsidiary of Santander Holdings USA, Inc.

UMH Properties Inc

NYSE:UMH Buy Candidate Score: 2.86
Buy Candidate Score: 2.86 Oct 01, 2021

The UMH Properties Inc stock price gained 2.18% on the last trading day (Friday, 1st Oct 2021), rising from $22.90 to $23.40. During the day the stock fluctuated 2.84% from a day low at $22.85 to a day high of $23.50. The price has fallen in 6 of the last 10 days, but is still up by 0.26% 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, 95 thousand more shares were traded than the day before. In total, 257 thousand shares were bought and sold for approximately $6.01 million.

On Nov 04, 2021 "Aegis" gave "$27.00 - $30.00" rating for UMH. The price target was changed from $24.05 to 1.4%.

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 UMH Properties Inc stock to perform well in the short-term.

About UMH Properties Inc:
UMH Properties, Inc. (UMH) is a real estate investment trust. The firm engages in the ownership and operation of manufactured home communities. It leases manufactured home spaces to private manufactured home owners, as well as leases homes to residents. The firm invests in the real estate markets of New York, New Jersey, Pennsylvania, Ohio, and Tennessee. In addition, it invests in debt and equity securities of REITs. United Mobile Homes was incorporated in 1968. The company was formerly known as United Mobile Homes, Inc. UMH Properties is based in Freehold, New Jersey.

First Trust NASDAQ-100 Equal Weighted Index Fund

NASDAQ:QQEW Buy Candidate Score: 2.72
Buy Candidate Score: 2.72 Oct 01, 2021

The First Trust NASDAQ-100 Equal Weighted fund price gained 0.28% on the last trading day (Friday, 1st Oct 2021), rising from $111.25 to $111.56. During the day the fund fluctuated 1.72% from a day low at $110.12 to a day high of $112.02. The price has fallen in 6 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $9.23 million.

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 First Trust NASDAQ-100 Equal Weighted Index Fund:
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ-100 Equal Weighted Index(SM). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The NASDAQ-100 Equal Weighted Index is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization.