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Breakout Stocks of Week 47

NASDAQ was down last week (week 46) by -0.69% 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 B. Riley Principal 150 Merger Corp. NYSE:BRPM. 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 General Dynamics Corporation NYSE:GD Mitsubishi UFJ Financial Group, Inc. NYSE:MUFG Magellan Health NASDAQ:MGLN and Dragoneer Growth Opportunities Corp. II NASDAQ:DGNS which all got a breakout pattern emerging.

Date Company Price Week 47
Nov 12, 2021 B. Riley Principal 150 Merger Corp. $10.29 $10.67 3.69%
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%
Nov 12, 2021 Magellan Health $94.80 $94.58 -0.23%
Nov 12, 2021 Dragoneer Growth Opportunities Corp. Ii $10.06 $10.06 0%

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. and has now fallen 3 days in a row. During the 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.

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 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 28, 2021 "Wells Fargo & Company" gave "$220.00 - $230.00" rating for GD. The price target was set to $205.79+0.6%.

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 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 business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, and outfits business-jet aircraft; provides aircraft services, such as maintenance, repair, aircraft management, charter, fixed-base operational, and staffing services; and performs aircraft completion services for other original equipment manufacturers. The Combat Systems group is involved in the design, development, production, modernization, and sustainment of combat vehicles, weapons systems, and munitions. This group offers wheeled combat and tactical vehicles; main battle tanks and tracked combat vehicles; armaments; and maintenance and logistics support and sustainment services. The Information Systems and Technology group provides technologies, products, and services that support a range of military, federal/civilian, state, local, and commercial customers. This group offers information technology solutions and mission support services; communication, command-and-control, and computer mission systems; and imagery, signals, and multi-intelligence systems for customers in the defense sector, intelligence and homeland security communities, and the United States allies. The Marine Systems group designs, constructs, and repairs surface ships and submarines for the United States Navy and Jones Act ships for commercial customers. This group offers nuclear-powered surface combatants, auxiliary and combat-logistics ships, and commercial product carriers and containerships; and provides design and engineering support services, as well as overhaul, repair, and lifecycle support services. The company was founded in 1899 and is based in Falls Church, Virginia.

Mitsubishi UFJ Financial Group, Inc.

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

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. , and 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 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.

Magellan Health

NASDAQ:MGLN Buy Candidate Score: 2.22
Buy Candidate Score: 2.22 Nov 12, 2021

Magellan HealthThe Magellan Health stock price fell by -0.0105% on the last day (Friday, 12th Nov 2021) from $94.81 to $94.80. During the day the stock fluctuated 0.22% from a day low at $94.68 to a day high of $94.89. The price has been going up and down for this period, and there has been a -0.03% loss for the last 2 weeks. Volume has increased on the last day by 187 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, 256 thousand shares were bought and sold for approximately $24.24 million.

Jefferies Financial Group does not see either upside or downside right now giving MGLN "Buy - Hold" on their last update on Jan 15, 2021. The price target was changed from $92.00 to $95.00.

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 Magellan Health stock to perform well in the short-term period.

About Magellan Health:
Magellan Health, Inc. engages in the healthcare management business in the United States. The company’s Healthcare segment engages in the management of behavioral healthcare services and employee assistance program services; management of other specialty areas, including diagnostic imaging and musculoskeletal management; and the integrated management of physical, behavioral, and pharmaceutical healthcare for special populations comprising individuals with serious mental illness, dual eligibles, long-term services and supports, and other populations with unique and often complex healthcare needs. This segment provides its healthcare services through its comprehensive network of medical and behavioral health professionals, clinics, hospitals, and ancillary service providers. Its Pharmacy Management segment offers products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs, pharmacy benefit management (PBM) services, pharmacy benefit administration for state Medicaid and other government sponsored programs; pharmaceutical dispensing operations; clinical and formulary management programs; medical pharmacy management programs; and programs for the management of specialty drugs that treat complex conditions. The company provides services to health plans and other managed care organizations, employers, labor unions, various military and governmental agencies, and third party administrators. Magellan Health, Inc. was founded in 1969 and is based in Scottsdale, Arizona.

Dragoneer Growth Opportunities Corp. II

NASDAQ:DGNS Buy Candidate Score: 2.06
Buy Candidate Score: 2.06 Nov 12, 2021

The Dragoneer Growth Opportunities Corp. II stock price fell by -0.0993% on the last day (Friday, 12th Nov 2021) from $10.07 to $10.06. During the day the stock fluctuated 0.40% from a day low at $10.04 to a day high of $10.08. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks. Volume has increased on the last day by 71 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, 544 thousand shares were bought and sold for approximately $5.47 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 Dragoneer Growth Opportunities Corp. II stock to perform well in the short-term.