Breakout Stocks of Week 16
NASDAQ was down last week (week 15) by -0.452% ending at 16,175.09 points after falling -73.43 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 Carrier Global Corp. NYSE:CARR. This stock has had a buy signal since Apr 05, 2024 when the price was $56.44 and is so far up 0.709% to $56.84. Some other companies are on our watchlist to, among these are SS&C Technologies Holdings NASDAQ:SSNC Chesapeake Utilities Corporation NYSE:CPK Visa Inc NYSE:V and SITE Centers Corp. NYSE:SITC which all got a breakout pattern emerging.
| Date | Company | Price | Week 16 |
|---|---|---|---|
| Carrier Global Corp. | $56.84 | $53.53 | -5.82% |
| Ss&c Technologies Holdings | $62.01 | $60.82 | -1.92% |
| Chesapeake Utilities Corporation | $102.06 | $104.81 | 2.69% |
| Visa Inc | $275.96 | $269.78 | -2.24% |
| Site Centers Corp. | $13.80 | $13.65 | -1.09% |
The Carrier Global Corp. stock price gained 0.389% on the last trading day (Friday, 12th Apr 2024), rising from $56.62 to $56.84. During the last trading day the stock fluctuated 1.72% from a day low at $55.96 to a day high of $56.93. The price has been going up and down for this period, and there has been a -2.22% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $254.11 million.
On Apr 26, 2024, it was reported that Barclays gave CARR a "Overweight" 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 Carrier Global Corp.:
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
The SS&C Technologies Holdings stock price gained 0.764% on the last trading day (Friday, 12th Apr 2024), rising from $61.54 to $62.01. During the last trading day the stock fluctuated 2.15% from a day low at $60.75 to a day high of $62.05. The price has fallen in 6 of the last 10 days and is down by -3.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 682 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $113.23 million.
On Apr 16, 2024, it was reported that RBC Capital gave SSNC a "Underperform" 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 SS&C Technologies Holdings:
SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions. Its products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients to manage information processing requirements. The company's software-enabled services include SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, Black Diamond Wealth Platform, Bluedoor, Advent Outsourcing Services, Advent Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions. Its software products comprise portfolio/investment accounting and analytics software, portfolio management software, trading software, digital process automation product suite, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services, including consulting and implementation services to assist clients; and product support services. It operates in the United States; the United Kingdom; Europe, the Middle East, and Africa; the Asia Pacific and Japan; Canada; and the Americas. The company was founded in 1986 and is headquartered in Windsor, Connecticut.
The Chesapeake Utilities Corporation stock price gained 1.33% on the last trading day (Friday, 12th Apr 2024), rising from $100.72 to $102.06. During the last trading day the stock fluctuated 1.49% from a day low at $101.00 to a day high of $102.50. The price has fallen in 7 of the last 10 days and is down by -4.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 108 thousand shares were bought and sold for approximately $11.07 million.
On Jan 10, 2024, it was reported that RBC Capital gave CPK a "Outperform" grade with a "upgrade" 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 Chesapeake Utilities Corporation:
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; and provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
The Visa stock price gained 0.102% on the last trading day (Friday, 12th Apr 2024), rising from $275.68 to $275.96. During the last trading day the stock fluctuated 1.07% from a day low at $274.06 to a day high of $276.98. The price has been going up and down for this period, and there has been a -1.12% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $1.19 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 25, 2024, it was reported that Bernstein gave V 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 Visa Inc:
Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
The SITE Centers Corp. stock price fell by -0.576% on the last day (Friday, 12th Apr 2024) from $13.88 to $13.80. During the last trading day the stock fluctuated 1.49% from a day low at $13.72 to a day high of $13.92. The price has fallen in 7 of the last 10 days and is down by -5.8% for this period. 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 -855 thousand shares and in total, 1 million shares were bought and sold for approximately $17.96 million.
On Apr 01, 2024, it was reported that Wells Fargo gave SITC a "Overweight" 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 SITE Centers Corp.:
SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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.
