Breakout Stocks of Week 2
NASDAQ was down last week (week 1) by -0.0537% ending at 15,644.97 points after falling -8.40 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 Jiangxi Huawu Brake Co., Ltd. SZCE:300095. This stock has had a buy signal since Nov 02, 2021 when the price was ¥12.96 and is so far up 45.68% to ¥18.88. Some other companies are on our watchlist to, among these are Hunan Jiudian Pharmaceutical Co Ltd SZCE:300705 Beida Jade Bird Unvrl Fre Arm Dce Co Ltd SZCE:002960 Tilaknagar Industries Ltd. NSE:TI and Fluor Corporation NYSE:FLR which all got a breakout pattern emerging.
| Date | Company | Price | Week 2 |
|---|---|---|---|
| Jiangxi Huawu Brake Co., Ltd. | ¥18.88 | ¥18.09 | -4.18% |
| Hunan Jiudian Pharmaceutical Co Ltd | ¥24.83 | ¥23.03 | -7.23% |
| Beida Jade Bird Unvrl Fre Arm Dce Co Ltd | ¥48.55 | ¥45.98 | -5.29% |
| Tilaknagar Industries Ltd. | ₹93.35 | ₹94.25 | 0.96% |
| Fluor Corporation | $24.77 | $23.83 | -3.79% |
The Jiangxi Huawu Brake Co., Ltd. stock price gained 6.37% on the last trading day (Friday, 31st Dec 2021), rising from ¥17.75 to ¥18.88. During the last trading day the stock fluctuated 12.54% from a day low at ¥17.86 to a day high of ¥20.10. The price has been going up and down for this period, and there has been a 12.25% gain 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, 8 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately ¥366.67 million.
Jiangxi Huawu Brake Co., Ltd. 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 Jiangxi Huawu Brake Co., Ltd.:
Jiangxi Huawu Brake Co., Ltd. engages in the research and development, design, manufacture, and sale of industrial brakes and their control systems in China. The company provides brake devices in port machinery, wind power brake devices, hoisting mechanical brake devices, metallurgical and mining machinery brake devices, brake devices in hydraulic engineering, brake devices in offshore heavy industry, construction engineering machinery brake devices, and rail transit braking systems. It also exports its products to approximately 92 countries. The company was founded in 1992 and is based in Fengcheng, China.
The Hunan Jiudian Pharmaceutical Co Ltd stock price gained 12.92% on the last trading day (Friday, 31st Dec 2021), rising from ¥21.99 to ¥24.83. During the last trading day the stock fluctuated 13.88% from a day low at ¥22.04 to a day high of ¥25.10. The price has risen in 7 of the last 10 days and is up by 12.38% 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, 6 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately ¥360.99 million.
Hunan Jiudian Pharmaceutical Co Ltd 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 Hunan Jiudian Pharmaceutical Co Ltd:
Hunan Jiudian Pharmaceutical Co., Ltd. engages in the research and development, production, and sale of pharmaceutical products in China. The company offers antiallergic, anti-infective, and anti-inflammatory drugs; analgosies and gynecological medication products; digestive system products; chemical and Chinese patent medicines; medical instruments; APIs; and other products. It also provides outsourcing services for tablets, capsules, granules, oral solutions, syrups, etc. Hunan Jiudian Pharmaceutical Co., Ltd. is based in Changsha, China.
The Beida Jade Bird Unvrl Fre Arm Dce Co Ltd stock price gained 3.85% on the last trading day (Friday, 31st Dec 2021), rising from ¥46.75 to ¥48.55. During the last trading day the stock fluctuated 8.39% from a day low at ¥46.25 to a day high of ¥50.13. The price has risen in 6 of the last 10 days and is up by 8.39% 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, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ¥238.75 million.
Beida Jade Bird Unvrl Fre Arm Dce Co Ltd 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 Beida Jade Bird Unvrl Fre Arm Dce Co Ltd:
Jade Bird Fire Co., Ltd. develops, manufactures, and sells professional fire safety electronic products and fire safety systems in China and internationally. The company offers fire safety system products, including automatic fire alarm and linkage control; electricity fire safety system products, such as gas fire monitoring, automatic gas fire extinguishing, and gas detection and monitoring systems, as well as fire cloud platform. Its products are used in Zhongnanhai, the Beijing Olympic Games, the Shanghai World Expo, the Guangzhou Asian Games, Nanjing Youth Olympic Games, etc. The company was formerly known as Beida Jade Bird Universal Fire Alarm Device Co., Ltd and changed its name to Jade Bird Fire Co., Ltd. in November 2019. Jade Bird Fire Co., Ltd. was founded in 2001 and is headquartered in Beijing, China.
The Tilaknagar Industries Ltd. stock price gained 4.95% on the last trading day (Friday, 31st Dec 2021), rising from ₹88.95 to ₹93.35. During the last trading day the stock fluctuated 6.75% from a day low at ₹87.45 to a day high of ₹93.35. The price has risen in 6 of the last 10 days and is up by 2.19% 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, 268 thousand more shares were traded than the day before. In total, 362 thousand shares were bought and sold for approximately ₹33.77 million.
Tilaknagar Industries Ltd. 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 Tilaknagar Industries Ltd.:
Tilaknagar Industries Ltd. manufactures and sells Indian made foreign liquor and its related products in India. The company's products include whisky, brandy, rum, vodka, and gin. It offers brandy under the Mansion House and Courier Napoleon brands; whisky under the Mansion House, Senate Royal, and Senate Royale Red brands; rum under the Madiraa brand; and gin under the Blue Lagoon brand. The company also exports its products in East and South-East Asia, Africa, the Middle East, and Europe. Tilaknagar Industries Ltd. was incorporated in 1933 and is based in Mumbai, India.
The Fluor Corporation stock price gained 0.81% on the last trading day (Friday, 31st Dec 2021), rising from $24.57 to $24.77. During the last trading day the stock fluctuated 2.34% from a day low at $24.35 to a day high of $24.92. The price has risen in 6 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume fell on the last day by -229 thousand shares and in total, 675 thousand shares were bought and sold for approximately $16.72 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 22, 2024, it was reported that Truist Financial gave FLR a "Buy" grade with a "hold" action.
Fluor Corporation 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 Fluor Corporation:
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. It operates through four segments: Energy Solutions, Urban Solutions, Mission Solutions, and Other. The Energy Solutions provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources. It also provides consulting services, including feasibility studies, process assessments, and project finance structuring; and a range of services for small modular reactor technologies, as well as operation support services for nuclear power facilities and managing waste. This segment serves the oil, gas, and petrochemical industries. The Urban Solutions segment offers EPC and project management services to the infrastructure, advanced technologies, life sciences, and mining and metals industries. This segment also provides staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis. The Mission Solutions offers technical solutions to the U.S. and other governments. It also delivers solutions for nuclear security and operation, nuclear waste management, and laboratory management; and operation and maintenance, logistics, EPC, and life support solutions for mission-critical facilities across U.S. military service organizations. This segment offers site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. The Other segment researches, develops, licenses, and commercializes small modular nuclear reactor technology. It also provides unionized management and construction services. The company was founded in 1912 and is headquartered in Irving, Texas.
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.
