Breakout Stocks of Week 52
NASDAQ was up last week (week 51) by 1.21% ending at 14,992.97 points after gaining 179.05 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 Planet Fitness Inc NYSE:PLNT. This stock has had a buy signal since Nov 09, 2023 when the price was $62.94 and is so far up 16.13% to $73.09. Some other companies are on our watchlist to, among these are IDOM Inc. TYO:7599 Sung Bo Chemicals Co., LTD KSE:003080 LOTTE Himart Co.,Ltd. KSE:071840 and Ultrapar Participações S.A. SAO:UGPA3 which all got a breakout pattern emerging.
| Date | Company | Price | Week 52 |
|---|---|---|---|
| Planet Fitness Inc | $73.09 | $73.00 | -0.123% |
| Idom Inc. | JP¥954.00 | JP¥968.00 | 1.47% |
| Sung Bo Chemicals Co., Ltd | ₩3,025.00 | ₩2,930.00 | -3.14% |
| Lotte Himart Co.,ltd. | ₩10,530.00 | ₩10,260.00 | -2.56% |
| Ultrapar Participações S.a. | R$26.30 | R$26.51 | 0.798% |
The Planet Fitness Inc stock price gained 0.661% on the last trading day (Friday, 22nd Dec 2023), rising from $72.61 to $73.09. It has now gained 4 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 1.26% from a day low at $72.44 to a day high of $73.35. The price has risen in 7 of the last 10 days and is up by 8.04% over the past 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 789 thousand shares were bought and sold for approximately $57.64 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 Cowen & Co. gave PLNT a "Hold" grade with a "hold" action.
Planet Fitness 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.
About Planet Fitness Inc:
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. As of December 31,2021, the company had 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
The IDOM Inc. stock price gained 2.36% on the last trading day (Friday, 22nd Dec 2023), rising from JP¥932.00 to JP¥954.00. During the last trading day the stock fluctuated 3.13% from a day low at JP¥928.00 to a day high of JP¥957.00. The price has risen in 5 of the last 10 days and is up by 4.72% 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, 318 thousand more shares were traded than the day before. In total, 627 thousand shares were bought and sold for approximately JP¥598.06 million.
IDOM 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.
About IDOM Inc.:
IDOM Inc. purchases and sells used cars in Japan and internationally. The company also sells new cars. It operates through a network of approximately 500 stores under the Gulliver brand. The company was formerly known as Gulliver International Co. Ltd. and changed its name to IDOM Inc. in July 2016. IDOM Inc. was founded in 1994 and is headquartered in Tokyo, Japan.
The Sung Bo Chemicals Co., LTD stock price gained 2.37% on the last trading day (Friday, 22nd Dec 2023), rising from ₩2,955.00 to ₩3,025.00. During the last trading day the stock fluctuated 2.71% from a day low at ₩2,955.00 to a day high of ₩3,035.00. The price has risen in 6 of the last 10 days and is up by 3.42% 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, 53 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately ₩274.27 million.
Sung Bo Chemicals Co., LTD 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.
The LOTTE Himart Co.,Ltd. stock price gained 1.15% on the last trading day (Friday, 22nd Dec 2023), rising from ₩10,410.00 to ₩10,530.00. 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 1.64% from a day low at ₩10,380.00 to a day high of ₩10,550.00. The price has risen in 5 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₩108.35 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.
LOTTE Himart 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.
The Ultrapar Participações S.A. stock price gained 0.152% on the last trading day (Friday, 22nd Dec 2023), rising from R$26.26 to R$26.30. During the last trading day the stock fluctuated 1.81% from a day low at R$26.03 to a day high of R$26.50. The price has risen in 7 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately R$99.64 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.
Ultrapar Participações S.A. 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.
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.
