Breakout Stocks of Week 4
NASDAQ fell hard last week and was down all -7.55% ending at 13,768.92 points after ending the week prior at 14,893.75 points. The sharp fall could pose a good buying opportunity. 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 Sagardeep Alloys Limited NSE:SAGARDEEP. This stock has had a buy signal since Dec 02, 2021 when the price was ₹30.85 and is so far up 73.10% to ₹53.40. Some other companies are on our watchlist to, among these are China Everbright International Limited HKEX:0257 AEW UK REIT Plc XLON:AEWU National Bank Holdings Corporation NYSE:NBHC and Pinar Süt Mamülleri Sanayii A.S. BIST:PNSUT which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Sagardeep Alloys Limited | ₹53.40 | ₹57.90 | 8.43% |
| China Everbright International Limited | HK$6.05 | HK$5.61 | -7.27% |
| Aew Uk Reit Plc | £115.60 | £115.00 | -0.519% |
| National Bank Holdings Corporation | $44.74 | $45.41 | 1.50% |
| Pinar Süt Mamülleri Sanayii A.s. | TRY 19.04 | TRY 18.55 | -2.57% |
The Sagardeep Alloys Limited stock price gained 2.79% on the last trading day (Friday, 21st Jan 2022), rising from ₹51.95 to ₹53.40. During the last trading day the stock fluctuated 3.79% from a day low at ₹51.50 to a day high of ₹53.45. The price has risen in 6 of the last 10 days and is up by 5.22% 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, 77 thousand more shares were traded than the day before. In total, 130 thousand shares were bought and sold for approximately ₹6.95 million.
Sagardeep Alloys 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 Sagardeep Alloys Limited:
Sagardeep Alloys Limited manufactures and sells basic precious and non-ferrous alloys in India. The company supplies copper pipes and tubes, flats, coils, rods, anodes/nuggets, and plates, as well as oxygen free copper; red, yellow, cartridge, and low brass; gilding metals, commercial bronzes, and muntz metals; cupro nickel tubes, pipes, and rods; and stainless steel scrap grades, pipes, tubes, sheets/plates, coils, and bars. It is also involved in the wholesale of metals and metal ores. The company also exports its products to the United States, the United Kingdom, Korea, etc. Sagardeep Alloys Limited was founded in 1972 and is based in Gandhinagar, India.
The China Everbright International Limited stock price gained 1.17% on the last trading day (Friday, 21st Jan 2022), rising from HK$5.98 to HK$6.05. During the last trading day the stock fluctuated 4.05% from a day low at HK$5.92 to a day high of HK$6.16. The price has fallen in 6 of the last 10 days and is down by -2.42% for this period. 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, 29 million shares were bought and sold for approximately HK$136.99 million.
China Everbright 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.
About China Everbright International Limited:
China Everbright Environment Group Limited, provides environmental solutions worldwide. The company's Environmental Energy Project Construction and Operation segment constructs and operates food waste and leachate treatment, sludge treatment and disposal, methane-to-energy, fecal treatment, fly ash landfill, medical waste treatment, and solid waste treatment projects, as well as waste-to-energy plants. Its Greentech Project Construction and Operation segment constructs and operates integrated biomass utilization, hazardous and solid waste treatment, and solar energy and wind power projects, as well as offers environmental remediation services. The company's Environmental Water Project Construction and Operation segment constructs, upgrades, and operates waste water treatment, water supply, reusable water and sludge harmless treatment, sponge city construction, river-basin ecological restoration, waste water source heat pump, and leachate treatment projects. This segment also researches and develops water environment technologies and engineering projects. Its Others segment conducts environmental protection technology research and development projects; provides environmental related technological, and protection project equipment construction and installation services; designs environmental protection projects; and sells related equipment. This segment also offers waste sorting, renewable resources utilization, and sanitation operation services; sells energy-saving street lamps; and provides energy management contract projects. It also operates biomass electricity and heat cogeneration projects; and collects and treats municipal wastes. The company was formerly known as China Everbright International Limited and changed its name to China Everbright Environment Group Limited in September 2020. The company was incorporated in 1961 and is headquartered in Hong Kong, Hong Kong.
The AEW UK REIT Plc stock price gained 0.173% on the last trading day (Friday, 21st Jan 2022), rising from £115.40 to £115.60. During the last trading day the stock fluctuated 2.11% from a day low at £114.00 to a day high of £116.40. The price has been going up and down for this period, and there has been a 0.52% 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, 482 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £136.97 million.
AEW UK REIT Plc 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 AEW UK REIT Plc:
AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than £15 million), on shorter occupational leases in strong commercial locations across the United Kingdom. The Company was listed on the Official List of the UK Listing Authority and admitted to trading on the Main Market of the London Stock Exchange on 12 May 2015, raising £100.5m. Since IPO it has raised a further £58m.
The National Bank Holdings Corporation stock price gained 1.75% on the last trading day (Friday, 21st Jan 2022), rising from $43.97 to $44.74. During the last trading day the stock fluctuated 5.27% from a day low at $43.66 to a day high of $45.96. The price has been going up and down for this period, and there has been a -4.97% 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, 124 thousand more shares were traded than the day before. In total, 204 thousand shares were bought and sold for approximately $9.13 million.
On Dec 01, 2022, it was reported that Credit Suisse gave NBHC a "Outperform" 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 National Bank Holdings Corporation stock to perform well in the short-term.
About National Bank Holdings Corporation:
National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits. The company also provides commercial and industrial loans and leases, such as working capital loans, equipment loans, lender finance loans, food and agriculture loans, government and non-profit loans, owner occupied commercial real estate loans, and other commercial loans and leases; non-owner occupied commercial real estate loans consisting of loans on commercial properties, such as office buildings, warehouse/distribution buildings, multi-family, hospitality, and retail buildings; small business administration loans to support manufacturers, distributors, and service providers; term loans, line of credits, and real estate secured loans; residential real estate loans; and consumer loans. In addition, it offers treasury management solutions comprising online and mobile banking, commercial credit card, wire transfer, automated clearing house, electronic bill payment, lock box, remote deposit capture, merchant processing, cash vault, controlled disbursements, and fraud prevention services, as well as other auxiliary services, including account reconciliation, collections, repurchase accounts, zero balance accounts, and sweep accounts. As of January 20, 2022, the company operated through a network of 81 banking centers located in Colorado, the greater Kansas City region, New Mexico, Utah, and Texas. It also operates 121 ATMs. The company was formerly known as NBH Holdings Corp. and changed its name to National Bank Holdings Corporation in March 2012. National Bank Holdings Corporation was incorporated in 2009 and is headquartered in Greenwood Village, Colorado.
The Pinar Süt Mamülleri Sanayii A.S. stock price fell by -0.314% on the last day (Friday, 21st Jan 2022) from TRY 19.10 to TRY 19.04. During the last trading day the stock fluctuated 1.59% from a day low at TRY 18.81 to a day high of TRY 19.11. The price has been going up and down for this period, and there has been a 5.25% 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 -154 thousand shares and in total, 186 thousand shares were bought and sold for approximately TRY 3.54 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 Pinar Süt Mamülleri Sanayii A.S. stock to perform well in the short-term.
About Pinar Süt Mamülleri Sanayii A.S.:
Pinar Süt Mamülleri Sanayii A.S., through its subsidiaries, engages in the processing, production, and sale of milk and dairy products in Turkey. It offers milk, butter, cheese, yoghurts, kefir, ayrans, creams, fruit juices and drinks, ketchup, mayonnaise, chocolate topping, mustard, hot, and BBQ sauce, whipped cream, milk powder, lemonade, frii, pinar sausage, kavurma, ham, smoked meat, convenience foods, sea foods, bottled water, and out-of-home consumption products under the Pinar brand name. The company was incorporated in 1973 and is headquartered in Izmir, Turkey. Pinar Süt Mamülleri Sanayii A.S. is a subsidiary of Yasar Holding A.S.
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.
