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Breakout Stocks of Week 45

NASDAQ was up last week (week 44) by 2.70% ending at 15 498.39 points after gaining 408.19 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 PJT Partners Inc NYSE:PJT. This stock has had a buy signal since Oct 28, 2021 when the price was $81.83 , but have so far fallen -0.0489% to $81.79. Some other companies are on our watchlist to, among these are Columbia Property Trust Inc NYSE:CXP Movado Group Inc NYSE:MOV Yunhong International NASDAQ:ZGYH and Brookfield Property Preferred L.P. NASDAQ:BPYPM which all got a breakout pattern emerging.

Date Company Price Week 45
Oct 29, 2021 Pjt Partners Inc $81.79 $83.31 1.86%
Oct 29, 2021 Columbia Property Trust Inc $19.17 $19.17 0%
Oct 29, 2021 Movado Group Inc $33.30 $35.85 7.66%
Oct 29, 2021 Yunhong International $10.29 $10.29 0%
Oct 29, 2021 Brookfield Property Preferred L.p. $24.83 $25.12 1.17%

PJT Partners Inc

NYSE:PJT Strong Buy Candidate Score: 5.78
Strong Buy Candidate Score: 5.78 Oct 29, 2021

PJT Partners IncThe PJT Partners Inc stock price fell by -0.0489% on the last day (Friday, 29th Oct 2021) from $81.83 to $81.79. During the day the stock fluctuated 1.27% from a day low at $81.35 to a day high of $82.38. The price has risen in 6 of the last 10 days, but is still down by -3.07% 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 -24 thousand shares and in total, 133 thousand shares were bought and sold for approximately $10.88 million.

On Nov 16, 2021 "Keefe, Bruyette & Woods" gave "$92.00" rating for PJT. The price target was changed from $82.11 to 1.6%.

PJT Partners Inc holds several positive signals and is within a weak 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 PJT Partners Inc:
PJT Partners Inc. provides various strategic advisory, restructuring and special situations, and fund placement and secondary advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers a range of financial advisory and transaction execution capability, including mergers and acquisitions, joint ventures, minority investments, asset swaps, divestitures, takeover defenses, corporate finance advisory, private placements, and distressed sales. The company also advices companies, creditors, and financial sponsors on recapitalizations, reorganizations, exchange offers, debt repurchases, capital raises, and distressed mergers and acquisitions. In addition, it offers fund placement and secondary advisory services for alternative investment managers, including private equity funds, real estate funds, and hedge funds. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.

Columbia Property Trust Inc

NYSE:CXP Buy Candidate Score: 4.72
Buy Candidate Score: 4.72 Oct 29, 2021

Columbia Property Trust IncThe Columbia Property Trust Inc stock price gained 0.16% on the last trading day (Friday, 29th Oct 2021), rising from $19.14 to $19.17. During the day the stock fluctuated 0.37% from a day low at $19.11 to a day high of $19.18. The price has risen in 5 of the last 10 days and is up by 0.16% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $38.44 million.

On Sep 07, 2021 "BMO Capital Markets" gave "$19.50 - $19.30" rating for CXP. The price target was set to $19.05+15.2%.

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 Columbia Property Trust Inc stock to perform well in the short-term.

About Columbia Property Trust Inc:
Columbia Property Trust, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on investing in and managing high-quality commercial office properties. The firm was formerly known as Wells Real Estate Investment Trust II Inc. Columbia Property Trust, Inc was founded in July 2003 and is based in Atlanta, Georgia.

Movado Group Inc

NYSE:MOV Buy Candidate Score: 4.63
Buy Candidate Score: 4.63 Oct 29, 2021

Movado Group IncThe Movado Group Inc stock price fell by -0.42% on the last day (Friday, 29th Oct 2021) from $33.44 to $33.30. During the day the stock fluctuated 2.91% from a day low at $33.17 to a day high of $34.14. The price has fallen in 6 of the last 10 days and is down by -1.22% for this period. Volume has increased on the last day by 67 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, 150 thousand shares were bought and sold for approximately $4.98 million.

On Mar 26, 2021 "Cowen" gave "Market Perform" rating for MOV. The price target was changed from $20.00 to $30.00.

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 Movado Group Inc stock to perform well in the short-term.

About Movado Group Inc:
Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company operates in two segments, Wholesale and Retail. The company offers its watches under the Coach, Concord, Ebel, ESQ Movado, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger brands to jewelry store chains, department stores, independent regional jewelers, licensors’ retail stores, and a network of independent distributors. It also provides after-sales and shipping service. In addition, the company operates 40 retail outlets throughout the United States. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.

Yunhong International

NASDAQ:ZGYH Buy Candidate Score: 4.02
Buy Candidate Score: 4.02 Oct 29, 2021

The Yunhong International stock price fell by -0.0486% on the last day (Friday, 29th Oct 2021) from $10.30 to $10.29. and has now fallen 3 days in a row. During the day the stock fluctuated 0.58% from a day low at $10.28 to a day high of $10.34. The price has fallen in 6 of the last 10 days, but is still up by 0.1% 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 -68 thousand shares and in total, 556 thousand shares were bought and sold for approximately $5.72 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 Yunhong International stock to perform well in the short-term period.

Brookfield Property Preferred L.P.

NASDAQ:BPYPM Buy Candidate Score: 3.94
Buy Candidate Score: 3.94 Oct 29, 2021

The Brookfield Property Preferred L.P. stock price fell by -0.52% on the last day (Friday, 29th Oct 2021) from $24.96 to $24.83. and has now fallen 3 days in a row. During the day the stock fluctuated 1.53% from a day low at $24.81 to a day high of $25.19. The price has fallen in 7 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day by 444 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, 477 thousand shares were bought and sold for approximately $11.84 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 Brookfield Property Preferred L.P. stock to perform well in the short-term period.