Breakout Stocks of Week 22
NASDAQ was down last week (week 21) by -3.82% ending at 11,354.62 points after falling -450.38 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 A10 Networks Inc NYSE:ATEN. This stock has had a buy signal since May 10, 2022 when the price was $14.11 and is so far up 3.90% to $14.66. Some other companies are on our watchlist to, among these are Esquire Financial Holdings Inc. NASDAQ:ESQ Expeditors International of Washington NASDAQ:EXPD BCE Inc NYSE:BCE and Alliant Energy Corporation NYSE:LNT which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| A10 Networks Inc | $14.66 | $15.79 | 7.71% |
| Esquire Financial Holdings Inc. | $35.06 | $37.42 | 6.73% |
| Expeditors International Of Washington | $105.44 | $110.65 | 4.94% |
| Bce Inc | $52.65 | $54.10 | 2.75% |
| Alliant Energy Corporation | $58.67 | $63.78 | 8.71% |
The A10 Networks Inc stock price gained 0.411% on the last trading day (Friday, 20th May 2022), rising from $14.60 to $14.66. During the last trading day the stock fluctuated 5.90% from a day low at $14.21 to a day high of $15.05. The price has risen in 6 of the last 10 days but is still down by -1.81% for this period. Volume fell on the last day by -327 thousand shares and in total, 576 thousand shares were bought and sold for approximately $8.45 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.
On Apr 26, 2022, it was reported that Zacks Investment Research gave ATEN a "Hold" grade with a "downgrade" 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 A10 Networks Inc stock to perform well in the short-term.
About A10 Networks Inc:
A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application Delivery Controller (ADC) that provides advanced server load balancing; Lightning ADC, a cloud-native software-as-a-service platform to boost the delivery and security of applications and microservices; and Thunder Carrier Grade Networking product, which offers standards-compliant address and protocol translation services for service provider networks. It also provides Thunder Threat Protection System (TPS) for the protection of networks and server resources against massive distributed denial of service attacks; Thunder Secure Sockets Layer (SSL) Insight solution that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses various critical security capabilities in one package by consolidating various security and networking functions in a single appliance. In addition, the company offers intelligent management and automation tools comprising harmony controller that provides intelligent management, automation, and analytics for secure application delivery in multi-cloud environment; and aGalaxy TPS, a multi-device network management solution. A10 Networks, Inc. delivers its solutions on optimized hardware appliances, bare metal software, containerized software, virtual appliances, and cloud-native software. It serves cloud providers; service providers include cloud, telecommunications, and multiple system and cable operators; government organizations; and enterprises in the technology, industrial, retail, financial, gaming, and education industries. The company markets its products through sales organizations, as well as distribution channel partners, including distributors, value added resellers, and system integrators. A10 Networks, Inc. was incorporated in 2004 and is headquartered in San Jose, California.
The Esquire Financial Holdings Inc. stock price gained 2.01% on the last trading day (Friday, 20th May 2022), rising from $34.37 to $35.06. During the last trading day the stock fluctuated 2.22% from a day low at $34.69 to a day high of $35.46. The price has been going up and down for this period, and there has been a -4.42% loss 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, 48 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately $2.13 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 Esquire Financial Holdings Inc. stock to perform well in the short-term.
About Esquire Financial Holdings Inc.:
Esquire Financial Holdings, Inc. operates as the bank holding company for Esquire Bank, National Association that provides commercial banking products and services to legal industry and small businesses, and commercial and retail customers in the United States. The company offers checking, savings, money market, and time deposits, as well as certificates of deposit. It also provides commercial loans, including short-term financing for inventory, receivables, the purchase of supplies, or other operating needs arising during the normal course of business, as well as loans to its qualified merchant customers; commercial lines of credit; consumer loans consisting of post-settlement consumer and structured settlement loans to plaintiffs and claimants, as well as loans to individuals for debt consolidation, medical expenses, living expenses, payment of outstanding bills, or other consumer needs; and real estate loans, such as multifamily, 1-4 family residential, commercial real estate, and construction loans, as well as merchant services. As of January 25, 2022, the company operated a full-service branch in Jericho, New York; and an administrative office in Boca Raton, Florida. Esquire Financial Holdings, Inc. was founded in 2006 and is headquartered in Jericho, New York.
The Expeditors International of Washington stock price gained 1.69% on the last trading day (Friday, 20th May 2022), rising from $103.69 to $105.44. During the last trading day the stock fluctuated 2.91% from a day low at $102.57 to a day high of $105.55. The price has been going up and down for this period, and there has been a -2.42% loss for the last 2 weeks. Volume fell on the last day by -597 thousand shares and in total, 1 million shares were bought and sold for approximately $147.86 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.
On Dec 01, 2022, it was reported that Morgan Stanley gave EXPD a "Underweight" 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 Expeditors International of Washington stock to perform well in the short-term.
About Expeditors International of Washington:
Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions. It also provides optimization, trade compliance, consulting, cargo security, and solutions. In addition, it acts as a freight consolidator or as an agent for the airline, which carries the shipment. Further, the company provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, technology, and industrial and manufacturing companies. Expeditors International of Washington, Inc. was incorporated in 1979 and is headquartered in Seattle, Washington.
The BCE Inc stock price gained 0.515% on the last trading day (Friday, 20th May 2022), rising from $52.38 to $52.65. During the last trading day the stock fluctuated 1.35% from a day low at $51.97 to a day high of $52.67. The price has fallen in 7 of the last 10 days and is down by -2.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 107 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $88.44 million.
On Apr 23, 2024, it was reported that CIBC gave BCE a "Outperform" grade with a "upgrade" action.
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 BCE Inc stock to perform well in the short-term period.
About BCE Inc:
BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communication products and services, as well as consumer electronics products. The Bell Wireline segment offers data, including internet access and Internet protocol television (IPTV), local telephone, and long distance services, as well as other communication services and products; and satellite TV service and connectivity servuces. This segment also buys and sells local telephone, long distance, data, and other services from or to resellers and other carriers. The Bell Media segment provides conventional TV, specialty TV, pay TV, streaming services, digital media services, radio broadcasting services, and out-of-home advertising services. BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.
The Alliant Energy Corporation stock price gained 0.291% on the last trading day (Friday, 20th May 2022), rising from $58.50 to $58.67. During the last trading day the stock fluctuated 2.52% from a day low at $57.91 to a day high of $59.37. The price has been going up and down for this period, and there has been a -0.12% loss 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, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $177.02 million.
On Apr 15, 2024, it was reported that BMO Capital gave LNT a "Market Perform" grade with a "hold" action.
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 Alliant Energy Corporation stock to perform well in the short-term period.
About Alliant Energy Corporation:
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa. Alliant Energy Corporation, through its other subsidiary, Wisconsin Power and Light Company (WPL), generates and distributes electricity, and distributes and transports natural gas to retail customers in Wisconsin; and sells electricity to wholesale customers in Wisconsin. As of December 31, 2021, IPL supplied electric and natural gas service to approximately 500,000 and 225,000 retail customers respectively; and WPL supplied electric and natural gas service to approximately 485,000 and 200,000 retail customers, respectively. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, and packaging and food industries. In addition, the company owns and operates a short-line rail freight service in Iowa; a barge, rail, and truck freight terminal on the Mississippi River; and a rail-served warehouse in Iowa, as well as offers freight brokerage services. Further, it holds interests in a 347 megawatt (MW) natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a 225 MW wind farm located in Oklahoma. The company was incorporated in 1981 and is headquartered in Madison, Wisconsin.
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.
