Breakout Stocks of Week 13
NASDAQ was up last week (week 12) by 2.68% ending at 16,401.84 points after gaining 428.66 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 Berkosan Yalitim Ve Tecrit Maddeleri Üretim Ve Ticaret A.S. BIST:BRKSN. This stock has had a buy signal since Jan 02, 2024 when the price was TRY 23.96 and is so far up 112.65% to TRY 50.95. Some other companies are on our watchlist to, among these are HOCHIKI CORPORATION TYO:6745 HORIBA,Ltd. TYO:6856 FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF NYSEARCA:FCOM and Netflix NASDAQ:NFLX which all got a breakout pattern emerging.
| Date | Company | Price | Week 13 |
|---|---|---|---|
| Berkosan Yalitim Ve Tecrit Maddeleri Üretim Ve Tic... | TRY 50.95 | TRY 44.10 | -13.44% |
| Hochiki Corporation | JP¥2,261.00 | JP¥2,236.00 | -1.11% |
| Horiba,ltd. | JP¥15,830.00 | JP¥16,030.00 | 1.26% |
| Fidelity Msci Telecommunication Services Index Etf | $49.60 | $49.56 | -0.0806% |
| Netflix | $628.01 | $607.33 | -3.29% |
Berkosan Yalitim Ve Tecrit Maddeleri Üretim Ve Ticaret A.S.
BIST:BRKSN
The Berkosan Yalitim Ve Tecrit Maddeleri stock price gained 6.23% on the last trading day (Friday, 22nd Mar 2024), rising from TRY 47.96 to TRY 50.95. During the last trading day the stock fluctuated 8.04% from a day low at TRY 47.16 to a day high of TRY 50.95. The price has risen in 6 of the last 10 days and is up by 9.85% 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, 644 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 71.86 million.
Berkosan Yalitim Ve Tecrit Maddeleri 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 Berkosan Yalitim Ve Tecrit Maddeleri Üretim Ve Ticaret A.S.:
Berkosan Yalitim Ve Tecrit Maddeleri Üretim Ve Ticaret A.S. manufactures and sells insulation and isolation materials in Turkey and internationally. The company offers polyethylene, polypropylene, and cross-linked foams. It also provides a range of services, such as interstory screed application, wall and roof insulation, soundproofing and thermal insulation, refrigerated cooler vehicle insulation, air conditioning inside and outside tools, sound and vibration isolation, and heat and noise prevention in mechanical installations. The company sells its products under the Foamex, Polyberk, Proberk, Reflekt, Airpack, and Airfoam brand names. It provides its services to the companies in the construction/industrial, packaging, fittings, automotive, footwear/bags, sea products, children playgroup, and sports/entertainment sectors. The company was founded in 1993 and is based in Istanbul, Turkey.
The HOCHIKI CORPORATION stock price gained 2.45% on the last trading day (Friday, 22nd Mar 2024), rising from JP¥2,207.00 to JP¥2,261.00. During the last trading day the stock fluctuated 3.48% from a day low at JP¥2,210.00 to a day high of JP¥2,287.00. The price has risen in 6 of the last 10 days and is up by 4.1% 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, 31 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately JP¥118.02 million.
HOCHIKI 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 HOCHIKI CORPORATION:
Hochiki Corporation engages in the research and development, manufacture, sale, consulting, engineering, design, and maintenance of fire alarm, smoke control, fire extinguishing, network, and security systems in Japan and internationally. The company's fire alarm systems comprise automatic fire alarm systems, emergency alarm systems, apartment house automatic fire alarm systems, dialer to fire stations, high sensitivity aspirating smoke detection systems, smoke control systems, fire and gas leakage alarm device, and residential use smoke alarms. Its information and communication systems include TV master antenna, digital terrestrial broadcasting receiving, BS/110CS receiving, cable TV/optical transmission, public address, intercom, ITV, LAN, and network camera systems, as well as ancillary facilities for radio communication. The company's fire-extinguishing systems comprise sprinkler, apartment house sprinkler, hydrant, foam fire extinguishing, CO2 fire extinguishing, N2 fire extinguishing, water cannon, and tunnel fire prevention system. Its security systems include intruder detection and alarm, access control, and key management systems. The company was formerly known as Tokyo Hochiki Co., Ltd. and changed its name to Hochiki Corporation in July 1972. Hochiki Corporation was incorporated in 1918 and is headquartered in Tokyo, Japan.
The HORIBA,Ltd. stock price gained 1.31% on the last trading day (Friday, 22nd Mar 2024), rising from JP¥15,625.00 to JP¥15,830.00. 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 3.11% from a day low at JP¥15,610.00 to a day high of JP¥16,095.00. The price has risen in 7 of the last 10 days and is up by 3.5% 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, 184 thousand more shares were traded than the day before. In total, 418 thousand shares were bought and sold for approximately JP¥6.61 billion.
HORIBA,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 HORIBA,Ltd.:
HORIBA, Ltd. manufactures and sells instruments and systems for various applications. It operates in five segments: Automotive, Process & Environmental, Medical-Diagnostic, Semiconductor, and Scientific. The Automotive segment offers automotive emission analyzers, emission measurement systems, drive line test systems, engine test and fuel cell test systems, and battery test systems; test systems for engines, chassis, powertrains, brakes, and catalysts; and vehicle development engineering and testing engineering services, as well as leases and manages R&D facilities. The Process & Environmental segment provides stack gas analyzers, industrial water quality analyzers, water quality analysis and examination systems, air pollution analyzers, environmental radiation meters, and process measurement equipment. The Medical-Diagnostic segment offers hematology and CRP, immunology, clinical chemistry, and blood glucose analyzers. The Semiconductor Instruments & Systems segment provides mass flow controllers, chemical concentration monitors, reticle/mask particle detection systems, residual gas analyzers, and vaporizers. The Scientific segment offers Raman spectrometers, pH meters, particle-size distribution analyzers, X-Ray fluorescence analyzers, elemental analyzers, fluorescence spectroscopy/fluorescence lifetime spectroscopy, optical components, spectrometers and detectors, and gratings. The company was founded in 1945 and is headquartered in Kyoto, Japan.
FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF
NYSEARCA:FCOMThe FIDELITY MSCI TELECOMMUNICATION SERVICES ETF price gained 0.222% on the last trading day (Friday, 22nd Mar 2024), rising from $49.49 to $49.60. During the last trading day the ETF fluctuated 0.586% from a day low at $49.48 to a day high of $49.77. The price has risen in 5 of the last 10 days and is up by 2.63% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 91 thousand shares were bought and sold for approximately $4.53 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.
FIDELITY MSCI TELECOMMUNICATION SERVICES 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 FIDELITY MSCI TELECOMMUNICATION SERVICES INDEX ETF:
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Communication Services 25/50 Index, which represents the performance of the communication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Communication Services 25/50 Index. The fund is non-diversified.
The Netflix stock price gained 0.85% on the last trading day (Friday, 22nd Mar 2024), rising from $622.71 to $628.01. During the last trading day the stock fluctuated 1.24% from a day low at $621.32 to a day high of $629.05. The price has risen in 6 of the last 10 days and is up by 3.83% over the past 2 weeks. Volume fell on the last day by -380 thousand shares and in total, 2 million shares were bought and sold for approximately $1.33 billion. 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 19, 2024, it was reported that MoffettNathanson gave NFLX a "Neutral" grade with a "hold" action.
Netflix 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 Netflix:
Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
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.
