Breakout Stocks of Week 43
NASDAQ was up last week (week 42) by 2.18% ending at 14 897.34 points after gaining 317.80 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 Avery Dennison Corporation NYSE:AVY. This stock has had a buy signal since Oct 14, 2021 when the price was $207.73 and is so far up 0.97% to $209.75. Some other companies are on our watchlist to, among these are Santander Consumer USA Holdings Inc NYSE:SC American Water Works NYSE:AWK NRG Energy Inc NYSE:NRG and Cass Information Systems NASDAQ:CASS which all got a breakout pattern emerging.
The Avery Dennison Corporation stock price gained 0.97% on the last trading day (Friday, 15th Oct 2021), rising from $207.73 to $209.75. , 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 stock fluctuated 1.54% from a day low at $207.27 to a day high of $210.47. The price has fallen in 6 of the last 10 days, but is still up by 0.05% over the past 2 weeks. Volume fell on the last day by -59 thousand shares and in total, 443 thousand shares were bought and sold for approximately $93.00 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 Nov 23, 2021 "Raymond James" gave "" rating for AVY. The price target was set to $221.45+1.1%.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Avery Dennison Corporation stock to perform well in the short-term period.
About Avery Dennison Corporation:
Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. It operates through Pressure-Sensitive Materials, Retail Branding and Information Solutions, and Vancive Medical Technologies segments. The Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics, reflective products, tapes, and performance polymers. This segment markets its products under the Fasson, JAC, and Avery Dennison brands to label printers and converters for labeling, decorating, fastening, and electronic data processing applications in the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market industries. The Retail Branding and Information Solutions segment designs, manufactures, and sells various branding and information solutions, including creative services, brand embellishments, graphic tickets, tags, labels, and sustainable packaging solutions; and information solutions, such as price ticketing and marking, brand protection, security solutions, and compliance solutions, as well as radio-frequency identification-enabled inventory accuracy, visibility, and loss prevention solutions. This segment serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The Vancive Medical Technologies segment offers pressure-sensitive adhesive products for surgical, wound care, ostomy, wearable device, and electromedical applications to medical device manufacturers, clinicians, and patients. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.
The Santander Consumer USA Holdings Inc stock price fell by -0.12% on the last day (Friday, 15th Oct 2021) from $41.68 to $41.63. During the day the stock fluctuated 0.36% from a day low at $41.61 to a day high of $41.76. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks. Volume has increased on the last day by 777 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $51.78 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 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 period.
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 American Water Works stock price gained 0.14% on the last trading day (Friday, 15th Oct 2021), rising from $171.18 to $171.42. , 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 stock fluctuated 0.97% from a day low at $170.21 to a day high of $171.86. The price has risen in 6 of the last 10 days and is up by 1.83% 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, 124 thousand more shares were traded than the day before. In total, 658 thousand shares were bought and sold for approximately $112.72 million.
On Nov 03, 2021 "The Goldman Sachs Group" gave "" rating for AWK. The price target was changed from $168.01 to 5.0%.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for American Water Works stock to perform well in the short-term period.
About American Water Works:
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. The company offers water and wastewater services to approximately 1,600 communities in 16 states. It operates approximately 81 surface water treatment plants with approximately 500 groundwater treatment plants and 1,000 groundwater wells; 100 wastewater treatment facilities, 1,200 treated water storage facilities, 1,400 pumping stations, 81 dams, and 49,000 miles of mains and collection pipes. The company also undertakes contracts to design, build, operate, and maintain water and wastewater facilities for military bases, municipalities, the food and beverage industry, and other customers. In addition, it provides warranty-type services to homeowners and smaller commercial customers to protect against the cost of repairing broken or leaking water pipes or clogged or blocked sewer pipes, as well as interior electric line repairs; and water sourcing, transfer services, pipeline construction, water and equipment hauling, and water storage solutions for natural gas exploration and production companies. The company serves residential customers; commercial customers, such as offices, retail stores, and restaurants; industrial customers, including manufacturing and production operations; public authorities, which comprise government buildings and other public sector facilities; and other water utilities, as well as supplies water to public fire hydrants for firefighting purposes, and private fire customers for use in fire suppression systems in office buildings and other facilities, as well as to other water utilities. American Water Works Company, Inc. serves approximately 15 million people with drinking water, wastewater, and other water-related services in 47 states, the District of Columbia, and Ontario, Canada. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.
The NRG Energy Inc stock price fell by -0.87% on the last day (Friday, 15th Oct 2021) from $41.58 to $41.22. and has now fallen 3 days in a row. During the day the stock fluctuated 2.53% from a day low at $41.09 to a day high of $42.13. The price has risen in 6 of the last 10 days and is up by 1.38% 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 -202 thousand shares and in total, 1 million shares were bought and sold for approximately $59.28 million.
On Aug 19, 2021 "Morgan Stanley" gave "$47.00 - $48.00" rating for NRG. The price target was set to $43.010.0%.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NRG Energy Inc stock to perform well in the short-term period.
About NRG Energy Inc:
NRG Energy, Inc., together with its subsidiaries, operates as a power company. The company provides electricity; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, electric vehicle charging stations, and on-site energy solutions; carbon management and specialty services; and various energy services, such as operations, maintenance, technical, development, and asset management services. It owns and operates approximately 50,000 megawatts of generation. The company also offers retail energy, rooftop solar, portable solar, and battery products home services; and various bundled products, which combine energy with protection products, energy efficiency, and renewable energy solutions, as well as offers installation and contract management services for residential solar customers. As of December 31, 2015, it served approximately 2.77 million recurring and 624,000 discrete customers. In addition, the company owns, operates, and develops solar and wind power projects; develops, constructs, and finances a range of solutions for utilities, schools, municipalities, and commercial markets; and trades in electric power, natural gas, and related commodity and financial products, including forwards, futures, options, and swaps. As of December 31, 2015, it operated 90 active fossil fuel and nuclear plants, 16 utility scale solar facilities, and 36 wind farms and multiple distributed solar facilities. Further, the company transacts in and trades fuel and transportation services; directly sells energy, services, and products and services to retail customers under the NRG, Reliant, and other names; and provides steam, hot water, and chilled water, as well as electricity to commercial businesses, universities, hospitals, and governmental units. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
The Cass Information Systems stock price fell by -0.12% on the last day (Friday, 15th Oct 2021) from $42.18 to $42.13. During the day the stock fluctuated 2.22% from a day low at $41.92 to a day high of $42.85. The price has fallen in 6 of the last 10 days and is down by -1.45% 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 -130 thousand shares and in total, 55 thousand shares were bought and sold for approximately $2.32 million.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cass Information Systems stock to perform well in the short-term period.
About Cass Information Systems:
Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The companys services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays energy invoices, including electricity, gas, waste, and other facility related expenses; and provides telecommunications expense management solutions comprising bill processing, audit, and payment services for telephone, data line, cellular, and communication equipment expenses. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of commercial banking services, such as checking, savings, and time deposit accounts; commercial and commercial real estate loans; and other cash management services to privately owned businesses, and churches and church-related ministries. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and additional leased facilities in Fenton, Missouri, Santa Ana, California, and Colorado Springs, Colorado. The company was formerly known as Cass Commercial Corporation and changed its name to Cass Information Systems, Inc. in January 2001. Cass Information Systems, Inc. was founded in 1906 and is headquartered in St. Louis, Missouri.
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.