Breakout Stocks of Week 24
NASDAQ was up last week (week 23) by 2.38% ending at 17,133.13 points after gaining 398.11 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 Ecopetrol SA NYSE:EC. This stock has had a buy signal since May 14, 2024 when the price was $12.09 , but have so far fallen -0.83% to $11.99. Some other companies are on our watchlist to, among these are IDT Corporation NYSE:IDT Highwoods Properties Inc NYSE:HIW Amedisys Inc NASDAQ:AMED and Viper Energy Partners LP NASDAQ:VNOM which all got a breakout pattern emerging.
| Date | Company | Price | Week 24 |
|---|---|---|---|
| Ecopetrol Sa | $11.99 | $11.64 | -2.92% |
| Idt Corporation | $37.79 | $36.28 | -4.00% |
| Highwoods Properties Inc | $25.21 | $25.68 | 1.86% |
| Amedisys Inc | $91.75 | $91.82 | 0.0763% |
| Viper Energy Partners Lp | $36.41 | $35.93 | -1.32% |
The Ecopetrol SA stock price fell by -0.333% on the last day (Friday, 7th Jun 2024) from $12.03 to $11.99. During the last trading day the stock fluctuated 1.59% from a day low at $11.95 to a day high of $12.14. The price has fallen in 6 of the last 10 days but is still up by 1.01% over the past 2 weeks. Volume has increased on the last day by 276 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $16.05 million.
On Sep 13, 2023, it was reported that Citigroup gave EC a "Buy" grade with a "initialise" 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 Ecopetrol SA stock to perform well in the short-term.
About Ecopetrol SA:
Ecopetrol S.A. operates as an integrated energy company. The company operates through four segments: Exploration and Production; Transport and Logistics; Refining, Petrochemical and Biofuels; and Electric Power Transmission and Toll Roads Concessions. It engages in the exploration and production of oil and gas; transportation of crude oil, motor fuels, fuel oil, and other refined products, including diesel, jet, and biofuels; processing and refining crude oil; distribution of natural gas and LPG; sale of refined and petrochemical products; supplying of electric power transmission services; design, development, construction, operation, and maintenance of road and energy infrastructure projects; and supplying of information technology and telecommunications services. As of December 31, 2021, the company had approximately 9,127 kilometers of crude oil and multi-purpose pipelines. It also produces and commercializes polypropylene resins and compounds, and masterbatches; and offers industrial service sales to customers and specialized management services. It has operations in Colombia, the United States, Asia, Central America and the Caribbean, Europe, South America, and internationally. The company was formerly known as Empresa Colombiana de Petróleos and changed its name to Ecopetrol S.A. in June 2003. Ecopetrol S.A. was incorporated in 1948 and is based in Bogotá, Colombia.
The IDT Corporation stock price gained 1.26% on the last trading day (Friday, 7th Jun 2024), rising from $37.32 to $37.79. During the last trading day the stock fluctuated 4.09% from a day low at $36.66 to a day high of $38.16. The price has fallen in 6 of the last 10 days and is down by -7.31% for this period. Volume fell on the last day by -138 thousand shares and in total, 117 thousand shares were bought and sold for approximately $4.41 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.
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 IDT Corporation:
IDT Corporation operates in the communications and payment industries in the United States and internationally. The company operates through three segments: Fintech; net2phone-UCaaS (Unified Communications as a Service); and Traditional Communications. The Fintech segment offers international money remittance and related value/payment transfer services under the BOSS Revolution brand name; national retail solutions, such as point of sale network providing payment processing, digital advertising, transaction data, and ancillary services under the NRS brand name. The net2phone-UCaaS segment provides net2phone-UCaaS, a cloud communications service for businesses; and cable telephony services under the net2phone brand name. The Traditional Communications segment, which include Mobile Top-Up, that enables customers to transfer airtime and bundles of airtime, messaging, and data to international and domestic mobile accounts; BOSS Revolution Calling, an international long-distance calling service; Carrier Services, a wholesale provider of international voice and SMS termination, and outsourced traffic management solutions to telecoms; and net2phone-Platform Services, which offer telephony services to cable operators and others, as well as smaller communications and payments offerings. IDT Corporation was founded in 1990 and is headquartered in Newark, New Jersey.
The Highwoods Properties Inc stock price fell by -0.513% on the last day (Friday, 7th Jun 2024) from $25.34 to $25.21. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.31% from a day low at $24.66 to a day high of $25.23. The price has fallen in 7 of the last 10 days and is down by -0.47% 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 -28 thousand shares and in total, 570 thousand shares were bought and sold for approximately $14.36 million.
On May 06, 2024, it was reported that Deutsche Bank gave HIW 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 Highwoods Properties Inc:
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (REIT) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
The Amedisys Inc stock price gained 0.328% on the last trading day (Friday, 7th Jun 2024), rising from $91.45 to $91.75. During the last trading day the stock fluctuated 0.778% from a day low at $91.22 to a day high of $91.93. The price has risen in 5 of the last 10 days but is still down by -4.63% for this period. Volume fell on the last day by -187 thousand shares and in total, 170 thousand shares were bought and sold for approximately $15.58 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 Sep 14, 2023, it was reported that Cantor Fitzgerald gave AMED a "Neutral" 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 Amedisys Inc:
Amedisys, Inc., together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, Personal Care, and High Acuity Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses; rehabilitation therapists specialized in physical, speech, and occupational therapy; and social workers and aides for assisting its patients. The Hospice segment offers services that is designed to provide comfort and support for those who are dealing with a terminal illness, including cancer, heart disease, pulmonary disease, or Alzheimer's. The Personal Care segment provides assistance for patients with the activities of daily living. The High Acuity Care offers essential elements of inpatient hospital, skilled nursing facility care and palliative care to patients in their homes. As of December 31, 2021, the company owned and operated 331 home health care centers, 175 hospice care centers, and 14 personal-care, and 8 high acuity care centers in 38 states within the United States and the District of Columbia. Amedisys, Inc. was incorporated in 1982 and is headquartered in Baton Rouge, Louisiana.
The Viper Energy Partners LP stock price fell by -0.137% on the last day (Friday, 7th Jun 2024) from $36.46 to $36.41. During the last trading day the stock fluctuated 1.84% from a day low at $36.15 to a day high of $36.82. The price has fallen in 6 of the last 10 days and is down by -2.73% 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 -173 thousand shares and in total, 407 thousand shares were bought and sold for approximately $14.81 million.
On Apr 19, 2024, it was reported that Piper Sandler gave VNOM 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 Viper Energy Partners LP:
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.
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.
