Breakout Stocks of Week 18
NASDAQ was down last week (week 17) by -3.83% ending at 12,839.29 points after falling -511.79 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 Centerspace NYSE:CSR. This stock has had a buy signal since Apr 19, 2022 when the price was $99.75 , but have so far fallen 0% to $99.75. Some other companies are on our watchlist to, among these are Rent the Runway, Inc. NASDAQ:RENT Plexus Corp. NASDAQ:PLXS Kirby Corporation NYSE:KEX and SJW Corporation NYSE:SJW which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Centerspace | $99.75 | $92.26 | -7.51% |
| Rent The Runway, Inc. | $5.57 | $6.34 | 13.82% |
| Plexus Corp. | $77.84 | $81.14 | 4.25% |
| Kirby Corporation | $65.55 | $65.20 | -0.534% |
| Sjw Corporation | $63.54 | $59.00 | -7.15% |
The Centerspace stock price fell by -3.31% on the last day (Friday, 22nd Apr 2022) from $103.17 to $99.75. During the last trading day the stock fluctuated 1.82% from a day low at $99.66 to a day high of $101.47. The price has been going up and down for this period, and there has been a 0.01% gain for the last 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 -49 thousand shares and in total, 31 thousand shares were bought and sold for approximately $3.11 million.
On Jan 16, 2024, it was reported that RBC Capital gave CSR a "Outperform" 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 Centerspace stock to perform well in the short-term.
About Centerspace:
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, as of June 30, 2021, Centerspace owned 62 apartment communities consisting of 11,579 apartment homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2021 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
The Rent the Runway, Inc. stock price fell by -1.94% on the last day (Friday, 22nd Apr 2022) from $5.68 to $5.57. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.63% from a day low at $5.52 to a day high of $5.61. The price has fallen in 6 of the last 10 days but is still up by 1.09% 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 -171 thousand shares and in total, 395 thousand shares were bought and sold for approximately $2.20 million.
On Apr 12, 2024, it was reported that Jefferies gave RENT 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 Rent the Runway, Inc.:
Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.
The Plexus Corp. stock price fell by -1.55% on the last day (Friday, 22nd Apr 2022) from $79.06 to $77.84. During the last trading day the stock fluctuated 3.03% from a day low at $77.44 to a day high of $79.79. The price has been going up and down for this period, and there has been a -1.82% loss for the last 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 -73 thousand shares and in total, 65 thousand shares were bought and sold for approximately $5.05 million.
On Mar 08, 2024, it was reported that Williams Financial gave PLXS 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 Plexus Corp.:
Plexus Corp., together with its subsidiaries, provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It offers design and development, supply chain, new product introduction, and manufacturing solutions, as well as aftermarket services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. Plexus Corp. was founded in 1979 and is headquartered in Neenah, Wisconsin.
The Kirby Corporation stock price fell by -1.52% on the last day (Friday, 22nd Apr 2022) from $66.56 to $65.55. During the last trading day the stock fluctuated 7.21% from a day low at $65.27 to a day high of $69.97. The price has risen in 7 of the last 10 days and is up by 0.74% 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 -265 thousand shares and in total, 251 thousand shares were bought and sold for approximately $16.43 million.
On Apr 03, 2024, it was reported that BTIG gave KEX 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 Kirby Corporation:
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transport petrochemical, black oil, refined petroleum product, and agricultural chemicals by tank barge; and operates offshore dry-bulk barge and tugboat unit that are engaged in the offshore transportation of dry-bulk cargo in the United States coastal trade. As of December 31, 2021, it owned and operated 1,025 inland tank barge, approximately 255 inland towboat, 31 coastal tank barge, 29 coastal tugboat, 4 offshore dry-bulk cargo barge, 4 offshore tugboat, and 1 docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement part for engine, transmission, reduction gear, electric motor, drive, and control, electrical distribution and control system, energy storage battery system, and related oilfield service equipment; rebuild component parts or diesel engine, transmission and reduction gear, and related equipment used in oilfield service, marine, power generation, on-highway, and other industrial applications; rents generator, industrial compressor, high capacity lift truck, and refrigeration trailer; and manufactures and remanufactures oilfield service equipment, including pressure pumping unit, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems for oilfield customer. It serves to various companies and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
The SJW Corporation stock price gained 0.92% on the last trading day (Friday, 22nd Apr 2022), rising from $62.96 to $63.54. During the last trading day the stock fluctuated 1.98% from a day low at $62.86 to a day high of $64.11. The price has fallen in 7 of the last 10 days and is down by -8.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 78 thousand more shares were traded than the day before. In total, 156 thousand shares were bought and sold for approximately $9.94 million.
On Jan 05, 2023, it was reported that Seaport Global gave SJW a "Neutral" grade with a "downgrade" action.
SJW Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About SJW Corporation:
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. Its water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. The company offers water service to approximately 231,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino, as well as in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; and adjacent unincorporated territories in the County of Santa Clara in the State of California. In addition, it provides water service to approximately 140,000 connections, which serve approximately 456,000 people in 81 municipalities with a service area comprising approximately 269 square miles throughout Connecticut and Maine, as well as approximately 24,000 connections that serve approximately 70,000 people in a service area comprising approximately 266 square miles in the region between San Antonio and Austin, Texas; and approximately 3,000 wastewater connections in Southbury, Connecticut. Further, the company owns undeveloped land in California and Tennessee; and owns and operates commercial buildings and warehouse properties in Tennessee. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was incorporated in 1985 and is headquartered in San Jose, California.
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.
