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.
| Date | Company | Price | Week 43 |
|---|---|---|---|
| Avery Dennison Corporation | $209.75 | $217.50 | 3.69% |
| Santander Consumer Usa Holdings Inc | $41.63 | $41.65 | 0.0480% |
| American Water Works | $171.42 | $175.81 | 2.56% |
| Nrg Energy Inc | $41.22 | $41.23 | 0.0243% |
| Cass Information Systems | $42.13 | $42.19 | 0.142% |
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. During the last trading 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 Apr 25, 2024, it was reported that Raymond James gave AVY a "Outperform" grade with a "hold" action.
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 manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. 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 -0.120% on the last day (Friday, 15th Oct 2021) from $41.68 to $41.63. During the last trading day the stock fluctuated 0.360% 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.
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 0.140% on the last trading day (Friday, 15th Oct 2021), rising from $171.18 to $171.42. During the last trading 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 Oct 03, 2023, it was reported that Mizuho Securities gave AWK a "Buy" grade with a "initialise" action.
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. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides water and wastewater services on various military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. In addition, the company operates approximately 80 surface water treatment plants; 480 groundwater treatment plants; 160 wastewater treatment plants; 52,500 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,700 water and wastewater pumping stations; 1,300 treated water storage facilities; and 76 dams. It serves approximately 14 million people with drinking water, wastewater, and other related services in 24 states. American Water Works Company, Inc. was founded in 1886 and is headquartered in Camden, 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. During the last trading 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 Nov 06, 2023, it was reported that UBS gave NRG a "Neutral" grade with a "upgrade" action.
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 an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to approximately 6 million residential, commercial, industrial, and wholesale customers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The company also provides system power, distributed generation, renewable products, backup generation, storage and distributed solar, demand response, and energy efficiency, and advisory services, as well as carbon management and specialty services; and on-site energy solutions. In addition, it trades in electric power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. Further, the company procures fuels; provides transportation services; and directly sells energy, services, and products and services to retail customers under the NRG, Reliant, Direct Energy, Green Mountain Energy, Stream, and XOOM Energy. As of December 31, 2021, it owns and leases power generation portfolio with approximately 18,000 megawatts of capacity at 25 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
The Cass Information Systems stock price fell by -0.119% on the last day (Friday, 15th Oct 2021) from $42.18 to $42.13. During the last trading 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.
On Feb 12, 2024, it was reported that Piper Sandler gave CASS a "Overweight" grade with a "upgrade" action.
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 company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions. In addition, the company, through its banking subsidiary, Cass Commercial Bank, provides a range of banking products and services, such as checking, savings, and time deposit accounts; commercial, industrial, and real estate loans; and cash management services to privately-owned businesses and faith-related ministries. Further, it provides B2B payment platform for clients that require an agile fintech partner. It operates through its banking facility near downtown St. Louis, Missouri; operating branch in the Bridgeton, Missouri; and leased facilities in Fenton, Missouri 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.
