Breakout Stocks of Week 42
NASDAQ was up last week (week 41) by 0.0881% ending at 14,579.54 points after gaining 12.84 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 Huron Consulting Group Inc. NASDAQ:HURN. This stock has had a buy signal since Oct 07, 2021 when the price was $50.44 , but have so far fallen -0.297% to $50.29. Some other companies are on our watchlist to, among these are Tyson Foods Inc NYSE:TSN Santander Consumer USA Holdings Inc NYSE:SC HDFC Bank Limited NYSE:HDB and Sanderson Farms NASDAQ:SAFM which all got a breakout pattern emerging.
| Date | Company | Price | Week 42 |
|---|---|---|---|
| Huron Consulting Group Inc. | $50.29 | $51.30 | 2.01% |
| Tyson Foods Inc | $78.57 | $79.68 | 1.41% |
| Santander Consumer Usa Holdings Inc | $41.65 | $41.63 | -0.0480% |
| Hdfc Bank Limited | $72.70 | $75.76 | 4.21% |
| Sanderson Farms | $188.40 | $186.70 | -0.90% |
The Huron Consulting Group Inc. stock price fell by -0.297% on the last day (Friday, 8th Oct 2021) from $50.44 to $50.29. During the last trading day the stock fluctuated 2.35% from a day low at $49.50 to a day high of $50.66. The price has fallen in 6 of the last 10 days and is down by -2.44% for this period. 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 -79 thousand shares and in total, 42 thousand shares were bought and sold for approximately $2.09 million.
Huron Consulting 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 Huron Consulting Group Inc.:
Huron Consulting Group Inc., a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans. The Business Advisory segment offers cloud-based technology, analytics, restructuring, and capital advisory solutions to life science, financial, healthcare, education, energy and utilities, and industrials and manufacturing industries, as well as to public sectors. The Education segment provides research enterprise and student lifecycle; digital, technology and analytic solutions; and organizational transformation services to public and private colleges and universities, academic medical centers, research institutes, and other not-for-profit organizations. Huron Consulting Group Inc. was incorporated in 2002 and is headquartered in Chicago, Illinois.
The Tyson Foods Inc stock price fell by -0.140% on the last day (Friday, 8th Oct 2021) from $78.68 to $78.57. During the last trading day the stock fluctuated 0.96% from a day low at $78.46 to a day high of $79.21. The price has risen in 6 of the last 10 days and is up by 3.08% 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, 858 thousand shares were bought and sold for approximately $67.42 million.
On Apr 16, 2024, it was reported that Barclays gave TSN a "Overweight" grade with a "upgrade" action.
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 Tyson Foods Inc stock to perform well in the short-term.
About Tyson Foods Inc:
Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats. It also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats under the Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and Gallo Salame brands. The company also offers its products under Tyson and ibp brands. It sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors who serve restaurants and food service operations, such as plant and school cafeterias, convenience stores, hospitals, and other vendors, as well as through independent brokers and trading companies. The company was founded in 1935 and is headquartered in Springdale, Arkansas.
No changes to the price of Santander Consumer USA Holdings Inc stock on the last trading day (Friday, 8th Oct 2021). During the last trading day the stock fluctuated 0.240% from a day low at $41.60 to a day high of $41.70. The price has risen in 5 of the last 10 days and is up by 0.31% over the past 2 weeks.
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 companys 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.
The HDFC Bank Limited stock price fell by -1.24% on the last day (Friday, 8th Oct 2021) from $73.61 to $72.70. During the last trading day the stock fluctuated 1.11% from a day low at $72.69 to a day high of $73.50. The price has been going up and down for this period, and there has been a -1.29% loss for the last 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 -608 thousand shares and in total, 690 thousand shares were bought and sold for approximately $50.16 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 HDFC Bank Limited stock to perform well in the short-term.
About HDFC Bank Limited:
HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company accepts savings, salary, current, rural, public provident fund, pension, and Demat accounts; fixed and recurring deposits; and safe deposit lockers; as well as offshore accounts and deposits, overdrafts against fixed deposits, and sweep-in facilities. It also provides personal, home, car, two wheeler, business, educational, gold, consumer, and rural loans; loans against properties, securities, rental receivables, and assets; loans for professionals; government sponsored programs; and loans on credit card, as well as working capital and commercial/construction equipment finance, healthcare/medical equipment and commercial vehicle finance, dealer finance, and term and professional loans. The company offers credit, debit, prepaid, and forex cards; payment and collection, export, import, remittance, bank guarantee, letter of credit, trade, hedging, and merchant and cash management services; insurance and investment products. It provides short term finance, bill discounting, structured finance, export credit, loan syndication, and documents collection services; online and wholesale, mobile, and phone banking services; unified payment interface, immediate payment, national electronic funds transfer, and real time gross settlement services; and channel financing, vendor financing, reimbursement account, money market, derivatives, employee trusts, cash surplus corporates, tax payment, and bankers to rights/public issue services, as well as financial solutions for supply chain partners and agricultural customers. As of March 31, 2022, the company had 21,683 banking outlets; 6,342 branches; and 18,130 automated teller machines in 3,188 cities/towns. HDFC Bank Limited was incorporated in 1994 and is based in Mumbai, India.
The Sanderson Farms stock price fell by -0.296% on the last day (Friday, 8th Oct 2021) from $188.96 to $188.40. During the last trading day the stock fluctuated 0.651% from a day low at $188.03 to a day high of $189.26. The price has fallen in 6 of the last 10 days and is down by -0.07% for this period. 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 -45 thousand shares and in total, 79 thousand shares were bought and sold for approximately $14.89 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 Sanderson Farms stock to perform well in the short-term.
About Sanderson Farms:
Sanderson Farms, Inc., an integrated poultry processing company, produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the United States. The company sells ice-packed, chill-packed, bulk-packed, and frozen chicken primarily under the Sanderson Farms brand name to retailers, distributors, and casual dining operators in the southeastern, southwestern, northeastern, and western United States, as well as to customers who resell frozen chicken into export markets. Its prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments. The company was founded in 1947 and is headquartered in Laurel, Mississippi.
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.
