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 Grand Talents Group Holdings Limited HKEX:8516. This stock has had a buy signal since Dec 21, 2021 when the price was HK$0.0950 and is so far up 5,584.21% to HK$5.40. Some other companies are on our watchlist to, among these are Choice International Limited XBOM:CHOICEIN Türk Hava Yollari Anonim Ortakligi BIST:THYAO Xinjiang Beixin Road and Brdge Gp Co Ltd SZCE:002307 and A10 Networks Inc NYSE:ATEN which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Grand Talents Group Holdings Limited | HK$5.40 | HK$5.92 | 9.63% |
| Choice International Limited | ₹325.95 | ₹345.80 | 6.09% |
| Türk Hava Yollari Anonim Ortakligi | TRY 42.80 | TRY 45.02 | 5.19% |
| Xinjiang Beixin Road And Brdge Gp Co Ltd | ¥5.83 | ¥5.78 | -0.86% |
| A10 Networks Inc | $14.66 | $15.79 | 7.71% |
The Grand Talents Group Holdings Limited stock price gained 4.85% on the last trading day (Friday, 20th May 2022), rising from HK$5.15 to HK$5.40. During the last trading day the stock fluctuated 10.88% from a day low at HK$4.87 to a day high of HK$5.40. The price has risen in 7 of the last 10 days and is up by 8% 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, 15 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately HK$95.25 million.
Grand Talents Group Holdings Limited 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 Grand Talents Group Holdings Limited:
Grand Talents Group Holdings Limited, an investment holding company, engages in the provision of civil engineering construction works of road and highway related infrastructures in Hong Kong. It also undertakes repair and maintenance projects for roads and highways, and other infrastructures, such as construction of pavilion and seawall; construction projects for barrier-free access facilities and drainage systems; and civil engineering construction projects. Grand Talents Group Holdings Limited was founded in 2010 and is based in Kowloon, Hong Kong.
The Choice International Limited stock price gained 3.31% on the last trading day (Friday, 20th May 2022), rising from ₹315.50 to ₹325.95. During the last trading day the stock fluctuated 3.32% from a day low at ₹316.50 to a day high of ₹327.00. The price has been going up and down for this period, and there has been a 1.76% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹2.27 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.
Choice International Limited 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.
The Türk Hava Yollari Anonim Ortakligi stock price gained 1.13% on the last trading day (Friday, 20th May 2022), rising from TRY 42.32 to TRY 42.80. During the last trading day the stock fluctuated 1.85% from a day low at TRY 42.26 to a day high of TRY 43.04. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks. Volume fell on the last day by -52 million shares and in total, 62 million shares were bought and sold for approximately TRY 2.67 billion. 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 Türk Hava Yollari Anonim Ortakligi stock to perform well in the short-term.
About Türk Hava Yollari Anonim Ortakligi:
Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance, and technical and infrastructure support services related to aviation sector; catering and aviation ground handling services; software system maintenance and information technology consulting services. It is also involved in training, airport operation, and investment activities; the manufacture and trading of cabin interior accessories and aircraft seats; and the trading of aviation fuel. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.
The Xinjiang Beixin Road and Brdge Gp Co Ltd stock price fell by -1.85% on the last day (Friday, 20th May 2022) from ¥5.94 to ¥5.83. During the last trading day the stock fluctuated 2.07% from a day low at ¥5.80 to a day high of ¥5.92. The price has been going up and down for this period, and there has been a 8.57% 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 -38 million shares and in total, 107 million shares were bought and sold for approximately ¥621.33 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 Xinjiang Beixin Road and Brdge Gp Co Ltd stock to perform well in the short-term.
About Xinjiang Beixin Road and Brdge Gp Co Ltd:
Xinjiang Beixin Road & Bridge Group Co., Ltd. engages in the construction of roads and bridges in China and internationally. The company was founded in 2001 and is based in Urumqi, China.
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.
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.
