Breakout Stocks of Week 4
NASDAQ was down last week (week 3) by -0.282% ending at 14,893.75 points after falling -42.15 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 CF Acquisition Corp. VI NASDAQ:CFVI. This stock has had a buy signal since Jan 03, 2022 when the price was $11.25 and is so far up 9.33% to $12.30. Some other companies are on our watchlist to, among these are Rumble Inc. NASDAQ:RUM Triple-S Management Corporation NYSE:GTS EchoStar Corporation NASDAQ:SATS and CBRE Clarion Global Real Estate Income Fund NYSE:IGR which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Cf Acquisition Corp. Vi | $12.30 | $11.86 | -3.58% |
| Rumble Inc. | $12.30 | $11.86 | -3.58% |
| Triple-s Management Corporation | $35.64 | $35.29 | -0.98% |
| Echostar Corporation | $25.03 | $24.09 | -3.76% |
| Cbre Clarion Global Real Estate Income Fund | $9.37 | $8.45 | -9.82% |
The CF Acquisition Corp. VI stock price fell by -0.243% on the last day (Friday, 14th Jan 2022) from $12.33 to $12.30. During the last trading day the stock fluctuated 10.68% from a day low at $11.61 to a day high of $12.85. The price has risen in 7 of the last 10 days and is up by 13.57% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $47.03 million.
On Sep 08, 2022, it was reported that D.A. Davidson gave CFVI a "Buy" grade with a "initialise" action.
CF Acquisition Corp. VI 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 CF Acquisition Corp. VI:
CF Acquisition Corp. VI does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services, healthcare, real estate services, technology, and software industries CF Acquisition Corp. VI was incorporated in 2020 and is based in New York, New York.
The Rumble Inc. stock price fell by -0.243% on the last day (Friday, 14th Jan 2022) from $12.33 to $12.30. During the last trading day the stock fluctuated 10.68% from a day low at $11.61 to a day high of $12.85. The price has risen in 7 of the last 10 days and is up by 13.57% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $47.43 million.
On Mar 28, 2024, it was reported that Oppenheimer gave RUM a "Perform" grade with a "hold" action.
Rumble Inc. 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 Triple-S Management Corporation stock price gained 0.140% on the last trading day (Friday, 14th Jan 2022), rising from $35.59 to $35.64. During the last trading day the stock fluctuated 0.309% from a day low at $35.58 to a day high of $35.69. The price has been going up and down for this period, and there has been a -0.11% 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, 16 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately $1.87 million.
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 Triple-S Management Corporation stock to perform well in the short-term period.
About Triple-S Management Corporation:
Triple-S Management Corporation, through its subsidiaries, provides various managed care and related products in the commercial, medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. It offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Part D, a prescription drug plan; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services. The company provides its managed care products to employers, professional and trade associations, individuals, and government entities. It also offers various life, accident, disability, and health and annuity insurance products to individuals; and property and casualty insurance products, which include commercial multiple peril, auto physical damage, auto liability, dwelling, personal package, commercial auto, hospital malpractice, commercial liability, and commercial property insurance products to small to medium size accounts. The company markets and distributes its products through a network of internal sales force, direct mail, independent brokers and agents, telemarketing staff, advertising, and the Internet. Triple-S Management Corporation was founded in 1959 and is headquartered in San Juan, Puerto Rico.
The EchoStar Corporation stock price gained 0.482% on the last trading day (Friday, 14th Jan 2022), rising from $24.91 to $25.03. During the last trading day the stock fluctuated 1.74% from a day low at $24.65 to a day high of $25.08. The price has fallen in 6 of the last 10 days and is down by -5.01% for this period. Volume fell on the last day by -8 thousand shares and in total, 181 thousand shares were bought and sold for approximately $4.52 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 03, 2024, it was reported that Morgan Stanley gave SATS a "Reduce" 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 EchoStar Corporation:
EchoStar Corporation, together with its subsidiaries, provides networking technologies and services worldwide. The company operates in two segments, Hughes and EchoStar Satellite Services (ESS). The Hughes segment offers broadband network technologies, managed services, equipment, hardware, satellite services, and communications solutions to government and enterprise customers. The segment also designs, provides, and installs gateway and terminal equipment to customers for other satellite systems. In addition, it designs, develops, constructs, and provides telecommunication networks comprising satellite ground segment systems and terminals to mobile system operators and enterprise customers. Further, this segment designs, provides, and installs gateway and terminal equipment to customers for other satellite systems, as well as offers satellite ground segment systems and terminals for other satellite systems, including mobile system operators. The ESS segment provides satellite services using its owned and leased in-orbit satellites and related licenses to offer satellite services on a full-time and/or occasional-use basis to the U.S. government service providers, internet service providers, broadcast news organizations, content providers, and private enterprise customers. It serves customers in North America, South and Central America, Asia, Africa, Australia, Europe, India, and the Middle East. The company was incorporated in 2007 and is headquartered in Englewood, Colorado.
The CBRE Clarion Global Real Estate Income stock price fell by -0.425% on the last day (Friday, 14th Jan 2022) from $9.41 to $9.37. During the last trading day the stock fluctuated 2.28% from a day low at $9.22 to a day high of $9.43. The price has fallen in 7 of the last 10 days and is down by -4.29% for this period. Volume has increased on the last day by 66 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 299 thousand shares were bought and sold for approximately $2.80 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 CBRE Clarion Global Real Estate Income stock to perform well in the short-term.
About CBRE Clarion Global Real Estate Income Fund:
CBRE Clarion Global Real Estate Income Fund specializes in investments in various property types, including office, retail, diversified, apartments, industrials, hotels, healthcare, and storage. It invests in the public equity markets across the developed markets of North America, Europe, Australia, and Asia. The fund seeks to invest in stocks of companies operating across the real estate sector including REITs. It invests in stocks of companies across diversified market capitalizations. The fund employs fundamental analysis to create its portfolio. It conducts in-house research to make its investments.
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.
