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 -0.30% 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.
The Huron Consulting Group Inc. stock price fell by -0.30% on the last day (Friday, 8th Oct 2021) from $50.44 to $50.29. During the 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.
Barrington Research is very positive about HURN and gave it a "Outperform" rating on May 18, 2021. The price target was changed from $63.00 to $67.00.
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 advisory, consulting, technology, and analytic solutions in the United States and internationally. It operates through the Huron Healthcare, Huron Education and Life Sciences, and Huron Business Advisory segments. The Huron Healthcare segment provides strategic advisory, consulting, and technology solutions to national and regional hospitals and integrated health systems, academic medical centers, community hospitals, and physician practices. The Huron Education and Life Sciences segment develops and implements performance improvement, technology, and research enterprise solutions related to financial management, strategy, operational and organizational effectiveness, research administration, and regulatory compliance for higher education, academic medical centers, pharmaceutical and medical device industries, and research industries. The Huron Business Advisory segment offers advisory services related to capital advisory, transaction advisory, operational improvement, restructuring and turnaround, valuation, and dispute advisory; and enterprise performance management, business analytics, customer relationship management, and big data professional services. The company serves healthcare, education, professional services, pharmaceutical, technology, transportation services, telecommunications, financial services, electronics, consumer products, governmental, retail, mining, oil and gas, energy and utilities, and industrial manufacturing industries. Huron Consulting Group Inc. was founded in 2002 and is headquartered in Chicago, Illinois.
The Tyson Foods Inc stock price fell by -0.14% on the last day (Friday, 8th Oct 2021) from $78.68 to $78.57. During the 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 Nov 16, 2021 "Piper Sandler" gave "$83.00 - $86.00" rating for TSN. The price target was changed from $84.02 to 0.1%.
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: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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. It also supplies poultry breeding stock; sells allied products, such as hide and meats; and manufactures and markets frozen and refrigerated food products, including pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats. Tyson Foods, Inc. offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair brands, as well as Ball Park, Van's, Chef Pierre pies, Aidells, Gallo Salame, and Golden Island premium jerky brands. The company 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, as well as through independent brokers and trading companies. Tyson Foods, Inc. 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 day the stock fluctuated 0.24% 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.
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 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 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 a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits. The company also offers personal, business, home, consumer durable, car, two wheeler, gold, educational, rural, and term loans; loans for professionals; loans against property, securities, and assets; overdrafts; government sponsored programs; and working capital, healthcare, channel, short term, structured, dealer, and vendor finance, as well as agricultural lending. In addition, it provides credit, debit, and prepaid cards; private banking services; export, import, remittance, bank guarantees, and letter of credit services, as well as merchant and cash management services; life, health, motor, travel, home, and insurance products; and investment product, such as mutual funds, equities and derivatives, IPO, gold and silver investments, and bonds. Further, the company offers bill discounting, real time gross settlement, bankers to right/public issue, forex, money market, employees trusts, and tax collection services; and investment banking services in the areas of project appraisal, structured finance, loan syndication, debt capital markets, equity placement, mergers and acquisitions, corporate advisory, and capital market advisory services. Additionally, it provides correspondent banking, settlement, custodial, disbursement, clearing, and administrative and fiduciary support services, as well as online and mobile banking services. As of March 31, 2016, the company operated a network of 4,520 branches and 12,000 ATMs in 2,587 cities/towns. HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.
The Sanderson Farms stock price fell by -0.30% on the last day (Friday, 8th Oct 2021) from $188.96 to $188.40. During the day the stock fluctuated 0.65% 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.
On Oct 06, 2021 "Consumer Edge" gave "$203.00" rating for SAFM. The price target was changed from $186.24 to 0.3%.
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 pack, chill pack, bulk pack, and frozen chicken in whole, cut-up, and boneless form 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 in the export markets. Its prepared chicken product line includes institutional and consumer packaged partially cooked or marinated chicken items for distributors and food service establishments. Sanderson Farms, Inc. 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.