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 National Bank Holdings Corporation NYSE:NBHC. This stock has had a buy signal since Jan 03, 2022 when the price was $44.26 and is so far up 1.08% to $44.74. Some other companies are on our watchlist to, among these are Forrester Research NASDAQ:FORR MGE Energy Inc. NASDAQ:MGEE Coherent NASDAQ:COHR and WP Carey Inc NYSE:WPC which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| National Bank Holdings Corporation | $44.74 | $45.41 | 1.50% |
| Forrester Research | $55.25 | $53.92 | -2.41% |
| Mge Energy Inc. | $76.80 | $76.40 | -0.521% |
| Coherent | $255.16 | $254.68 | -0.188% |
| Wp Carey Inc | $75.93 | $77.08 | 1.51% |
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 Forrester Research stock price gained 1.49% on the last trading day (Friday, 21st Jan 2022), rising from $54.44 to $55.25. During the last trading day the stock fluctuated 4.43% from a day low at $53.97 to a day high of $56.36. The price has fallen in 6 of the last 10 days and is down by -5.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 63 thousand shares were bought and sold for approximately $3.51 million.
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 Forrester Research:
Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations through online access. The Consulting segment provides consulting projecs, including conducting maturity assessments, prioritizing best practices, developing strategies, building business cases, selecting technology vendors, structuring organizations, developing content marketing strategies and collateral, and sales tools; and advisory services. The Events segment hosts in-person and virtual events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, new technology and innovation, and data strategies and insights. The company sells its products and services through direct sales force in various locations in the United States, Europe, the United Kingdom, Canada, the Asia Pacific region, and internationally. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
The MGE Energy Inc. stock price gained 0.695% on the last trading day (Friday, 21st Jan 2022), rising from $76.27 to $76.80. During the last trading day the stock fluctuated 2.59% from a day low at $76.39 to a day high of $78.37. The price has fallen in 8 of the last 10 days and is down by -4.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $5.66 million.
On Dec 15, 2022, it was reported that Morgan Stanley gave MGEE a "Underweight" 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 MGE Energy Inc.:
MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company primarily in Wisconsin. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other. The company generates, purchases, and distributes electricity; owns or leases electric generation facilities located in Wisconsin and Iowa; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources, as well as purchases power under short and long-term commitments. As of December 31, 2021, the company generated and distributed electricity to 159,000 customers in Dane County, Wisconsin; and purchased and distributed natural gas to 169,000 customers in seven Wisconsin counties. MGE Energy, Inc.is headquartered in Madison, Wisconsin.
The Coherent stock price gained 0.726% on the last trading day (Friday, 21st Jan 2022), rising from $253.32 to $255.16. During the last trading day the stock fluctuated 1.36% from a day low at $254.25 to a day high of $257.70. The price has fallen in 7 of the last 10 days and is down by -3.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 76 thousand more shares were traded than the day before. In total, 272 thousand shares were bought and sold for approximately $66.28 million.
On Apr 01, 2024, it was reported that Susquehanna gave COHR 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 Coherent:
Coherent, Inc. supplies photonics-based solutions for a range of commercial and scientific research applications worldwide. It operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. Its products are used in markets, such as microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force, as well as through direct sales personnel and independent representatives. Coherent Inc. was founded in 1966 and is headquartered in Santa Clara, California.
The WP Carey Inc stock price gained 0.119% on the last trading day (Friday, 21st Jan 2022), rising from $75.84 to $75.93. During the last trading day the stock fluctuated 1.86% from a day low at $75.43 to a day high of $76.83. The price has fallen in 7 of the last 10 days and is down by -5.82% for this period. Volume fell on the last day by -96 thousand shares and in total, 911 thousand shares were bought and sold for approximately $69.13 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 May 03, 2024, it was reported that RBC Capital gave WPC a "Outperform" 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 WP Carey Inc:
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
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.
