Breakout Stocks of Week 3

NASDAQ was down last week (week 2) by -4.53% ending at 14,935.90 points after falling -709.07 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 Golden Star Resources, Ltd NYSE:GSS. This stock has had a buy signal since Dec 28, 2021 when the price was $3.75 and is so far up 2.67% to $3.85. Some other companies are on our watchlist to, among these are Rogers Corporation NYSE:ROG BRC Inc. NYSE:BRCC RELX PLC NYSE:RELX and NextEra Energy Partners LP NYSE:NEP which all got a breakout pattern emerging.

Date Company Price Week 3
Jan 07, 2022 Golden Star Resources, Ltd $3.85 $3.85 0%
Jan 07, 2022 Rogers Corporation $273.96 $273.36 -0.219%
Jan 07, 2022 Brc Inc. $10.24 $9.98 -2.54%
Jan 07, 2022 Relx Plc $30.10 $30.20 0.332%
Jan 07, 2022 Nextera Energy Partners Lp $79.10 $76.25 -3.60%

Golden Star Resources, Ltd

NYSE:GSS Strong Buy Candidate Score: 8.09
Strong Buy Candidate Score: 8.09 Jan 07, 2022

Golden Star Resources, LtdThe Golden Star Resources, Ltd stock price gained 0.785% on the last trading day (Friday, 7th Jan 2022), rising from $3.82 to $3.85. During the last trading day the stock fluctuated 1.84% from a day low at $3.81 to a day high of $3.88. The price has risen in 8 of the last 10 days and is up by 3.49% 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, 979 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $4.85 million.

Golden Star Resources, 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 Golden Star Resources, Ltd:
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa Gold Mine located in Ghana. The company was incorporated in 1992 and is based in Toronto, Canada. Golden Star Resources Ltd. is as a subsidiary of Chifeng Jilong Gold Mining Co., Ltd.

Rogers Corporation

NYSE:ROG Strong Buy Candidate Score: 6.45
Strong Buy Candidate Score: 6.45 Jan 07, 2022

Rogers CorporationThe Rogers Corporation stock price gained 0.186% on the last trading day (Friday, 7th Jan 2022), rising from $273.45 to $273.96. It has now gained 3 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 last trading day the stock fluctuated 0.798% from a day low at $272.00 to a day high of $274.17. The price has risen in 6 of the last 10 days and is up by 0.46% 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, 46 thousand more shares were traded than the day before. In total, 295 thousand shares were bought and sold for approximately $80.93 million.

On Apr 03, 2023, it was reported that Needham gave ROG a "Buy" grade with a "hold" action.

Rogers 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 Rogers Corporation:
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the ENDUR and NITROPHYL names. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona.

BRC Inc.

NYSE:BRCC Strong Buy Candidate Score: 5.08
Strong Buy Candidate Score: 5.08 Jan 07, 2022

BRC Inc.The BRC Inc. stock price gained 0.392% on the last trading day (Friday, 7th Jan 2022), rising from $10.20 to $10.24. It has now gained 3 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 last trading day the stock fluctuated 0.99% from a day low at $10.15 to a day high of $10.25. The price has risen in 7 of the last 10 days and is up by 1.29% over the past 2 weeks. Volume fell on the last day by -553 thousand shares and in total, 282 thousand shares were bought and sold for approximately $2.88 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 Mar 11, 2024, it was reported that Telsey Advisory gave BRCC a "Neutral" grade with a "hold" action.

BRC Inc. holds several positive signals and is within a weak 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 BRC Inc.:
BRC Inc., through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders. The company offers its products through convenience, grocery, drug, and mass merchandise stores; outdoor, do it yourself, and lifestyle retailers; and company operated and franchised Black Rifle Coffee retail coffee shop locations, as well as through e-commerce. BRC Inc. was founded in 2014 and is based in Salt Lake City, Utah.

RELX PLC

NYSE:RELX Buy Candidate Score: 2.73
Buy Candidate Score: 2.73 Jan 07, 2022

RELX PLCThe RELX PLC stock price gained 0.133% on the last trading day (Friday, 7th Jan 2022), rising from $30.06 to $30.10. During the last trading day the stock fluctuated 0.90% from a day low at $30.01 to a day high of $30.28. The price has been going up and down for this period, and there has been a -5.55% 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, 720 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $115.67 million.

On Sep 26, 2022, it was reported that JonesTrading gave RELX 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 RELX PLC:
RELX PLC provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk. The Scientific, Technical & Medical segment provides information and analytics that help institutions and professionals to progress in science and advance healthcare. The Legal segment provides legal, regulatory, and business information and analytics that help customers in decision-making, as well as increases the productivity. The Exhibitions segment is involved in the events business that combines face-to-face with data and digital tools to help customers learn about markets, source products, and complete transactions. The company was formerly known as Reed Elsevier PLC and changed its name to RELX PLC in July 2015. The company was incorporated in 1903 and is headquartered in London, the United Kingdom.

NextEra Energy Partners LP

NYSE:NEP Buy Candidate Score: 2.68
Buy Candidate Score: 2.68 Jan 07, 2022

NextEra Energy Partners LPThe NextEra Energy Partners LP stock price gained 1.50% on the last trading day (Friday, 7th Jan 2022), rising from $77.93 to $79.10. During the last trading day the stock fluctuated 2.90% from a day low at $76.88 to a day high of $79.11. The price has fallen in 6 of the last 10 days and is down by -4.56% for this period. Volume fell on the last day by -134 thousand shares and in total, 833 thousand shares were bought and sold for approximately $65.87 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 Oct 02, 2023, it was reported that Wells Fargo gave NEP a "Equal-Weight" grade with a "downgrade" 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 NextEra Energy Partners LP:
NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States. It owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as contracted natural gas pipeline assets. NextEra Energy Partners, LP was incorporated in 2014 and is headquartered in Juno Beach, Florida.

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