Breakout Stocks of Week 46
NASDAQ was up last week (week 45) by 3.05% ending at 15,971.59 points after gaining 473.20 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 EOG Resources Inc NYSE:EOG. This stock has had a buy signal since Sep 13, 2021 when the price was $70.09 and is so far up 35.71% to $95.12. Some other companies are on our watchlist to, among these are Vermilion Energy Inc NYSE:VET Social Capital Hedosophia Holdings Corp. VI NYSE:IPOF Alphabet Inc. NASDAQ:GOOG and Bridgetown Holdings Limited NASDAQ:BTWN which all got a breakout pattern emerging.
| Date | Company | Price | Week 46 |
|---|---|---|---|
| Eog Resources Inc | $95.12 | $94.84 | -0.294% |
| Vermilion Energy Inc | $11.45 | $10.16 | -11.27% |
| Social Capital Hedosophia Holdings Corp. Vi | $10.20 | $10.66 | 4.51% |
| Alphabet Inc. | $149.24 | $149.65 | 0.271% |
| Bridgetown Holdings Limited | $9.91 | $10.04 | 1.31% |
The EOG Resources stock price gained 4.64% on the last trading day (Friday, 5th Nov 2021), rising from $90.90 to $95.12. During the last trading day the stock fluctuated 3.56% from a day low at $92.88 to a day high of $96.19. The price has been going up and down for this period, and there has been a 3.39% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $680.84 million.
On Apr 17, 2024, it was reported that Wells Fargo gave EOG a "Equal-Weight" grade with a "hold" action.
EOG Resources 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 EOG Resources Inc:
EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
The Vermilion Energy stock price gained 4.57% on the last trading day (Friday, 5th Nov 2021), rising from $10.95 to $11.45. During the last trading day the stock fluctuated 6.53% from a day low at $10.88 to a day high of $11.59. The price has been going up and down for this period, and there has been a 4.38% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 752 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $27.14 million.
On Apr 09, 2024, it was reported that RBC Capital gave VET a "Sector Perform" grade with a "hold" action.
Vermilion Energy 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 Vermilion Energy Inc:
Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia. It also owns 20% interests in the offshore Corrib natural gas field located to the northwest coast of Ireland; and 100% working interest in the Wandoo offshore oil field and related production facilities that covers 59,553 acres located on Western Australia's northwest shelf. As of December 31, 2021, the company had 401 net producing conventional natural gas wells and 2,132 net producing light and medium crude oil wells in Canada; 167.6 net producing light and medium crude oil wells in the United States; 297.0 net producing light and medium crude oil wells and 3 net producing conventional natural gas wells in France; and 47 net producing natural gas wells in the Netherlands. Vermilion Energy Inc. was founded in 1994 and is headquartered in Calgary, Canada.
The Social Capital Hedosophia Holdings Corp. stock price gained 0.0981% on the last trading day (Friday, 5th Nov 2021), rising from $10.19 to $10.20. During the last trading day the stock fluctuated 0.491% from a day low at $10.18 to a day high of $10.23. The price has been going up and down for this period, and there has been a -0.29% loss for the last 2 weeks. Volume fell on the last day by -542 thousand shares and in total, 762 thousand shares were bought and sold for approximately $7.77 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.
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 Social Capital Hedosophia Holdings Corp. stock to perform well in the short-term.
About Social Capital Hedosophia Holdings Corp. VI:
Social Capital Hedosophia Holdings Corp. VI does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was incorporated in 2020 and is based in Menlo Park, California.
The Google stock price gained 0.375% on the last trading day (Friday, 5th Nov 2021), rising from $148.68 to $149.24. It has now gained 4 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 last trading day the stock fluctuated 1.29% from a day low at $148.65 to a day high of $150.57. The price has risen in 8 of the last 10 days and is up by 7.66% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 20 million shares were bought and sold for approximately $3.04 billion. 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 09, 2024, it was reported that Cowen & Co. gave GOOG a "Buy" grade with a "hold" action.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Alphabet Inc.:
Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, platform, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
The Bridgetown Holdings Limited stock price fell by -0.101% on the last day (Friday, 5th Nov 2021) from $9.92 to $9.91. During the last trading day the stock fluctuated 0.606% from a day low at $9.90 to a day high of $9.96. The price has fallen in 6 of the last 10 days but is still up by 0.61% over the past 2 weeks. Volume has increased on the last day by 11 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, 321 thousand shares were bought and sold for approximately $3.18 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 Bridgetown Holdings Limited stock to perform well in the short-term period.
About Bridgetown Holdings Limited:
Bridgetown Holdings Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology, financial services, or media sectors. The company was incorporated in 2020 and is based in Central, Hong Kong.
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.
