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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 Bridgetown Holdings Limited NASDAQ:BTWN and B. Riley Principal 150 Merger Corp. NYSE:BRPM which all got a breakout pattern emerging.

Date Company Price Week 46
Nov 05, 2021 Eog Resources Inc $95.12 $94.84 -0.29%
Nov 05, 2021 Vermilion Energy Inc $11.45 $10.16 -11.27%
Nov 05, 2021 Social Capital Hedosophia Holdings Corp. Vi $10.20 $10.66 4.51%
Nov 05, 2021 Bridgetown Holdings Limited $9.91 $10.04 1.31%
Nov 05, 2021 B. Riley Principal 150 Merger Corp. $10.36 $10.29 -0.68%

EOG Resources Inc

NYSE:EOG Strong Buy Candidate Score: 6.32
Strong Buy Candidate Score: 6.32 Nov 05, 2021

EOG Resources IncThe EOG Resources Inc stock price gained 4.64% on the last trading day (Friday, 5th Nov 2021), rising from $90.90 to $95.12. During the 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 Nov 15, 2021 "Argus" gave "$95.00 - $111.00" rating for EOG. The price target was changed from $93.39 to 1.5%.

EOG Resources Inc 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. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. As of December 31, 2015, it had total estimated net proved reserves of 2,118 million barrels of oil equivalent, including 1,098 million barrels (MMBbl) crude oil and condensate reserves; 383 MMBbl of natural gas liquid reserves; and 3,825 billion cubic feet of natural gas reserves. EOG Resources, Inc. was founded in 1985 and is headquartered in Houston, Texas.

Vermilion Energy Inc

NYSE:VET Strong Buy Candidate Score: 6.26
Strong Buy Candidate Score: 6.26 Nov 05, 2021

Vermilion Energy IncThe Vermilion Energy Inc stock price gained 4.57% on the last trading day (Friday, 5th Nov 2021), rising from $10.95 to $11.45. , 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 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 Nov 12, 2021 "Stifel Nicolaus" gave "C$12.25 - C$15.50" rating for VET. The price target was changed from $10.18 to 1.1%.

Vermilion Energy Inc 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. acquires, explores, develops, and produces crude oil and natural gas in North America, Europe, and Australia. As of December 31, 2015, it owned 71% interest in 326,500 net acres of developed land and 88% interest in 537,000 net acres of undeveloped land, as well as 464 net producing natural gas wells and 453 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 374,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 337 net producing oil wells in France. The company also owned 55% interest in 814,600 net acres of land, as well as 35 net producing gas wells in the Netherlands; 7,800 net acres of developed and 153,400 net acres of undeveloped land, and 4 net producing gas wells in Germany; and 90,700 net acres of land and 4 net producing oil wells in the United States. In addition, it holds 18.5% interest in the offshore Corrib gas field situated in Ireland; and 100% interest in the Wandoo block, which consists of 59,600 acres located in Australia. Further, the company has 71,163 barrels of oil equivalent (Mboe) of total proved reserves and 121,717 Mboe of proved plus probable reserves located in Canada; 42,027 Mboe of total proved reserves and 63,612 Mboe of proved plus probable reserves situated in France; 8,122 Mboe of total proved reserves and 16,320 Mboe of proved plus probable reserves located in the Netherlands; 5,250 Mboe of total proved reserves and 8,250 Mboe of proved plus probable reserves situated in Germany; 17,637 Mboe of total proved reserves and 25,538 Mboe of proved plus probable reserves located in Ireland; 13,765 Mboe of total proved reserves and 17,465 Mboe of proved plus probable reserves located in Australia; and 2,742 Mboe of total proved reserves and 7,988 Mboe of proved plus probable reserves located in the United States. The company was founded in 1994 and is headquartered in Calgary, Canada.

Social Capital Hedosophia Holdings Corp. VI

NYSE:IPOF Buy Candidate Score: 4.17
Buy Candidate Score: 4.17 Nov 05, 2021

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 day the stock fluctuated 0.49% 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.

Bridgetown Holdings Limited

NASDAQ:BTWN Buy Candidate Score: 2.91
Buy Candidate Score: 2.91 Nov 05, 2021

The Bridgetown Holdings Limited stock price fell by -0.10% on the last day (Friday, 5th Nov 2021) from $9.92 to $9.91. During the day the stock fluctuated 0.61% 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.

B. Riley Principal 150 Merger Corp.

NYSE:BRPM Buy Candidate Score: 2.77
Buy Candidate Score: 2.77 Nov 05, 2021

The B. Riley Principal 150 Merger Corp. stock price gained 1.67% on the last trading day (Friday, 5th Nov 2021), rising from $10.19 to $10.36. During the day the stock fluctuated 3.55% from a day low at $10.15 to a day high of $10.51. The price has been going up and down for this period, and there has been a 6.37% 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, 175 thousand more shares were traded than the day before. In total, 826 thousand shares were bought and sold for approximately $8.55 million.

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 B. Riley Principal 150 Merger Corp. stock to perform well in the short-term.