Breakout Stocks of Week 47

NASDAQ was down last week (week 46) by -0.693% ending at 15,860.96 points after falling -110.63 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 FaZe Holdings Inc. NASDAQ:FAZE. This stock has had a buy signal since Oct 20, 2021 when the price was $9.73 and is so far up 5.76% to $10.29. Some other companies are on our watchlist to, among these are B. Riley Principal 150 Merger Corp. NYSE:BRPM Alphabet Inc. NASDAQ:GOOG General Dynamics Corporation NYSE:GD and Mitsubishi UFJ Financial Group, Inc. NYSE:MUFG which all got a breakout pattern emerging.

Date Company Price Week 47
Nov 12, 2021 Faze Holdings Inc. $10.29 $10.67 3.69%
Nov 12, 2021 B. Riley Principal 150 Merger Corp. $10.29 $10.67 3.69%
Nov 12, 2021 Alphabet Inc. $149.65 $149.95 0.205%
Nov 12, 2021 General Dynamics Corporation $200.97 $196.31 -2.32%
Nov 12, 2021 Mitsubishi Ufj Financial Group, Inc. $5.69 $5.56 -2.28%

FaZe Holdings Inc.

NASDAQ:FAZE Buy Candidate Score: 4.87
Buy Candidate Score: 4.87 Nov 12, 2021

The FaZe Holdings Inc. stock price fell by -1.44% on the last day (Friday, 12th Nov 2021) from $10.44 to $10.29. During the last trading day the stock fluctuated 1.85% from a day low at $10.26 to a day high of $10.45. The price has fallen in 6 of the last 10 days and is down by -3.02% 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 -9 thousand shares and in total, 471 thousand shares were bought and sold for approximately $4.84 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 FaZe Holdings Inc. stock to perform well in the short-term.

B. Riley Principal 150 Merger Corp.

NYSE:BRPM Buy Candidate Score: 4.58
Buy Candidate Score: 4.58 Nov 12, 2021

The B. Riley Principal 150 Merger Corp. stock price fell by -1.44% on the last day (Friday, 12th Nov 2021) from $10.44 to $10.29. During the last trading day the stock fluctuated 1.85% from a day low at $10.26 to a day high of $10.45. The price has fallen in 6 of the last 10 days and is down by -3.02% 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 -11 thousand shares and in total, 469 thousand shares were bought and sold for approximately $4.83 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.

About B. Riley Principal 150 Merger Corp.:
B. Riley Principal 150 Merger Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar other business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York. B. Riley Principal 150 Merger Corp. is a subsidiary of B. Riley Financial, Inc.

Alphabet Inc.

NASDAQ:GOOG Buy Candidate Score: 4.03
Buy Candidate Score: 4.03 Nov 12, 2021

GoogleThe Google stock price gained 1.97% on the last trading day (Friday, 12th Nov 2021), rising from $146.75 to $149.65. During the last trading day the stock fluctuated 2.33% from a day low at $146.45 to a day high of $149.86. The price has risen in 7 of the last 10 days and is up by 0.93% 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, 5 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $2.54 billion.

On Jan 25, 2024, it was reported that Wedbush gave GOOG a "Sell" grade with a "upgrade" action.

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 Google stock to perform well in the short-term.

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.

General Dynamics Corporation

NYSE:GD Buy Candidate Score: 2.66
Buy Candidate Score: 2.66 Nov 12, 2021

General Dynamics CorporationThe General Dynamics Corporation stock price gained 0.94% on the last trading day (Friday, 12th Nov 2021), rising from $199.09 to $200.97. During the last trading day the stock fluctuated 1.48% from a day low at $198.52 to a day high of $201.45. The price has fallen in 6 of the last 10 days and is down by -0.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 932 thousand shares were bought and sold for approximately $187.30 million.

On Oct 25, 2023, it was reported that Citigroup gave GD a "Overweight" grade with a "hold" action.

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 General Dynamics Corporation stock to perform well in the short-term.

About General Dynamics Corporation:
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships. This segment also provides navy ships maintenance and modernization services; lifecycle support and repair services for navy surface ships; and program management, planning, engineering, and design support services for submarines and surface ships. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments. This segment also offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; and intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers. This segment also offers cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; software-defined networks; everything-as-a-service; defense enterprise office system solutions; and unmanned undersea vehicle manufacturing and assembly services. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia.

Mitsubishi UFJ Financial Group, Inc.

NYSE:MUFG Buy Candidate Score: 2.50
Buy Candidate Score: 2.50 Nov 12, 2021

Mitsubishi UFJ Financial Group, Inc.The Mitsubishi UFJ Financial Group, Inc. stock price gained 1.25% on the last trading day (Friday, 12th Nov 2021), rising from $5.62 to $5.69. It 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 last trading day the stock fluctuated 1.33% from a day low at $5.63 to a day high of $5.71. The price has risen in 7 of the last 10 days and is up by 3.27% 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, 420 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $9.01 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 Mitsubishi UFJ Financial Group, Inc. stock to perform well in the short-term.

About Mitsubishi UFJ Financial Group, Inc.:
Mitsubishi UFJ Financial Group, Inc. operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments. The company offers commercial banking, trust banking, and securities products and services to retail, and small and medium-sized enterprise customers. It also provides M&As and real estate-related services; digital-based financial services; credit cards; and trust banking and securities products and services, as well as engages in the lending, fund settlement, and foreign exchange businesses. In addition, it offers corporate, investment, and transaction banking services for large corporate and financial institutions; asset management and administration services for corporations and pension funds; loans, deposits, fund transfers, and investments services for retail, small and medium-sized enterprise, as well as corporate customers; fixed income instruments, currencies, equities, and other investment products; originates and distributes of financial products; and provides treasury services. Mitsubishi UFJ Financial Group, Inc. was founded in 1880 and is headquartered in Tokyo, Japan.

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