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Breakout Stocks of Week 44

NASDAQ was up last week (week 43) by 1.29% ending at 15 090.20 points after gaining 192.86 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 Signet Jewelers Limited NYSE:SIG. This stock has had a buy signal since Sep 13, 2021 when the price was $76.83 and is so far up 17.23% to $90.07. Some other companies are on our watchlist to, among these are Veoneer Inc. NYSE:VNE Sutro Biopharma Inc. NASDAQ:STRO Telos Corp NASDAQ:TLS and Lumentum Holdings Inc. NASDAQ:LITE which all got a breakout pattern emerging.

Date Company Price Week 44
Oct 22, 2021 Signet Jewelers Limited $90.07 $89.18 -0.99%
Oct 22, 2021 Veoneer Inc. $35.23 $35.20 -0.0852%
Oct 22, 2021 Sutro Biopharma Inc. $19.01 $20.16 6.05%
Oct 22, 2021 Telos Corp $26.65 $25.91 -2.78%
Oct 22, 2021 Lumentum Holdings Inc. $84.05 $82.58 -1.75%

Signet Jewelers Limited

NYSE:SIG Strong Buy Candidate Score: 5.51
Strong Buy Candidate Score: 5.51 Oct 22, 2021

Signet Jewelers LimitedThe Signet Jewelers Limited stock price gained 0.30% on the last trading day (Friday, 22nd Oct 2021), rising from $89.80 to $90.07. , 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 2.56% from a day low at $88.27 to a day high of $90.53. The price has risen in 6 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume fell on the last day by -186 thousand shares and in total, 445 thousand shares were bought and sold for approximately $40.06 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 26, 2021 "Telsey Advisory Group" gave "$94.00 - $110.00" rating for SIG. The price target was changed from $99.59 to 5.0%.

Signet Jewelers Limited 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 Signet Jewelers Limited:
Signet Jewelers Limited engages in the retail sale of diamond jewelry and watches in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Jared Jewelry Boutique, JB Robinson Jewelers, Marks & Morgan Jewelers, Every kiss begins with Kay, He went to Jared, Celebrate Life. Express Love., the Leo Diamond, Hearts Desire, Artistry Diamonds, Charmed Memories, Diamonds in Rhythm, Open Hearts by Jane Seymour, Radiant Reflections, Colors in Rhythm, Chosen by Jared, Now and Forever, and Ever Us names. As of January 30, 2016, this segment operated 1,540 stores. The company’s Zale division operates jewelry stores and mall-based kiosks in shopping malls under the Zales, Zales Jewelers, Zales the Diamond Store, Zales Outlet, Gordon’s Jewelers, Peoples Jewellers, Peoples the Diamond Store, Peoples Outlet the Diamond Store, Mappins, Piercing Pagoda, Arctic Brilliance Canadian Diamonds, Candy Colored Jewelry, Celebration Diamond, The Celebration Diamond Collection, Unstoppable Love, and Endless Brilliance names. This segment operated 977 jewelry stores and 605 mall-based kiosks. Its UK Jewelry division operates stores in shopping malls and off-mall locations under the H.Samuel, Ernest Jones, Ernest Jones Outlet Collection, Leslie Davis, and Forever Diamonds names. This segment operated 503 stores. The company also operates a diamond polishing factory, which is involved in diamond sourcing, cutting, and polishing activities. Signet Jewelers Limited was founded in 1950 and is based in Hamilton, Bermuda.

Veoneer Inc.

NYSE:VNE Buy Candidate Score: 4.78
Buy Candidate Score: 4.78 Oct 22, 2021

Veoneer Inc.The Veoneer Inc. stock price fell by -0.20% on the last day (Friday, 22nd Oct 2021) from $35.30 to $35.23. During the day the stock fluctuated 0.38% from a day low at $35.17 to a day high of $35.31. The price has fallen in 5 of the last 10 days and is down by -1.59% for this period. Volume has increased on the last day by 333 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, 659 thousand shares were bought and sold for approximately $23.22 million.

On Oct 25, 2021 "Deutsche Bank Aktiengesellschaft" gave "$31.25 - $37.00" rating for VNE. The price target was changed from $35.23 to 0.2%.

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 Veoneer Inc. stock to perform well in the short-term.

Sutro Biopharma Inc.

NASDAQ:STRO Buy Candidate Score: 2.34
Buy Candidate Score: 2.34 Oct 22, 2021

Sutro Biopharma Inc.The Sutro Biopharma Inc. stock price gained 1.39% on the last trading day (Friday, 22nd Oct 2021), rising from $18.75 to $19.01. , 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 4.85% from a day low at $18.27 to a day high of $19.15. The price has risen in 6 of the last 10 days and is up by 2.2% 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, 34 thousand more shares were traded than the day before. In total, 164 thousand shares were bought and sold for approximately $3.11 million.

On Nov 17, 2021 "Berenberg Bank" gave "$30.00" rating for STRO. The price target was changed from $18.29 to 3.9%.

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 Sutro Biopharma Inc. stock to perform well in the short-term.

Telos Corp

NASDAQ:TLS Buy Candidate Score: 1.96
Buy Candidate Score: 1.96 Oct 22, 2021

The Telos Corp stock price fell by -1.81% on the last day (Friday, 22nd Oct 2021) from $27.14 to $26.65. and has now fallen 3 days in a row. During the day the stock fluctuated 3.39% from a day low at $26.57 to a day high of $27.47. The price has risen in 6 of the last 10 days and is up by 0.19% 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 -597 thousand shares and in total, 325 thousand shares were bought and sold for approximately $8.65 million.

On Nov 16, 2021 "BMO Capital Markets" gave "$32.00 - $20.00" rating for TLS. The price target was set to $17.66+0.7%.

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 Telos Corp stock to perform well in the short-term period.

Lumentum Holdings Inc.

NASDAQ:LITE Buy Candidate Score: 1.66
Buy Candidate Score: 1.66 Oct 22, 2021

Lumentum Holdings Inc.The Lumentum Holdings Inc. stock price fell by -0.98% on the last day (Friday, 22nd Oct 2021) from $84.88 to $84.05. and has now fallen 3 days in a row. During the day the stock fluctuated 2.27% from a day low at $83.80 to a day high of $85.70. The price has been going up and down for this period, and there has been a -0.13% 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 -93 thousand shares and in total, 212 thousand shares were bought and sold for approximately $17.79 million.

On Nov 05, 2021 "Craig Hallum" gave "$100.00 - $110.00" rating for LITE. The price target was set to $92.37+4.6%.

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 Lumentum Holdings Inc. stock to perform well in the short-term.

About Lumentum Holdings Inc.:
Lumentum Holdings Inc. manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates in two segments, Optical Communications and Commercial Lasers. The Optical Communications segment offers components, modules, and subsystems that enable the transmission and transport of video, audio, and text data over high-capacity fiber optic cables. It offers tunable transponders, transceivers, and transmitter modules; tunable lasers, receivers, and modulators; and transport products comprising reconfigurable optical add/drop multiplexers, amplifiers, and optical channel monitors, as well as components consisting of 980nm, multi-mode, and Raman pumps. This segment also offers Super Transport Blade, which integrates optical transport functions into a single-slot blade; products for 3-D sensing applications, including a light source product; vertical-cavity surface-emitting lasers; distributed feedback and electro-absorption modulated lasers; and individual and compact laser arrays. It serves customers in telecommunications, data communications, and consumer and industrial markets. The Commercial Lasers segment offers diode, direct-diode, diode-pumped solid-state, fiber, and gas lasers. This segment serves customers in markets and applications, such as manufacturing, biotechnology, graphics and imaging, and remote sensing, as well as in precision machining, including drilling in printed circuit boards, wafer singulation, and solar cell scribing. Its lasers products are used in various original equipment manufacturer applications. Lumentum Holdings Inc. was incorporated in 2015 and is headquartered in Milpitas, California.