Breakout Stocks of Week 2
NASDAQ was down last week (week 1) by -3.25% ending at 14,524.07 points after falling -487.28 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 Anand Rathi Wealth Limited XBOM:ANANDRATHI. This stock has had a buy signal since Jun 21, 2023 when the price was ₹862.65 and is so far up 213.04% to ₹2,700.40. Some other companies are on our watchlist to, among these are Korea Electric Terminal Co., Ltd. KSE:025540 Sanwa Holdings Corporation TYO:5929 Ultrapar Participações S.A. SAO:UGPA3 and SEIBU HOLDINGS INC. TYO:9024 which all got a breakout pattern emerging.
| Date | Company | Price | Week 2 |
|---|---|---|---|
| Anand Rathi Wealth Limited | ₹2,700.40 | ₹2,815.65 | 4.27% |
| Korea Electric Terminal Co., Ltd. | ₩77,700.00 | ₩73,600.00 | -5.28% |
| Sanwa Holdings Corporation | JP¥2,154.50 | JP¥2,217.00 | 2.90% |
| Ultrapar Participações S.a. | R$27.10 | R$27.91 | 2.99% |
| Seibu Holdings Inc. | JP¥1,992.00 | JP¥2,067.50 | 3.79% |
The Anand Rathi Wealth Limited stock price gained 1.07% on the last trading day (Friday, 5th Jan 2024), rising from ₹2,671.70 to ₹2,700.40. 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 3.34% from a day low at ₹2,678.00 to a day high of ₹2,767.50. The price has risen in 7 of the last 10 days and is up by 5.85% 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, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₹17.56 million.
Anand Rathi Wealth Limited 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 Korea Electric Terminal Co., Ltd. stock price gained 2.91% on the last trading day (Friday, 5th Jan 2024), rising from ₩75,500.00 to ₩77,700.00. During the last trading day the stock fluctuated 5.03% from a day low at ₩75,600.00 to a day high of ₩79,400.00. The price has been going up and down for this period, and there has been a 5.86% gain 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, 33 thousand more shares were traded than the day before. In total, 77 thousand shares were bought and sold for approximately ₩5.99 billion.
Korea Electric Terminal 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 Sanwa Holdings Corporation stock price gained 0.279% on the last trading day (Friday, 5th Jan 2024), rising from JP¥2,148.50 to JP¥2,154.50. During the last trading day the stock fluctuated 3.17% from a day low at JP¥2,115.50 to a day high of JP¥2,182.50. The price has risen in 6 of the last 10 days but is still down by -0.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 618 thousand shares were bought and sold for approximately JP¥1.33 billion.
Sanwa Holdings Corporation 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.
About Sanwa Holdings Corporation:
Sanwa Holdings Corporation, through its subsidiaries, manufactures and sells steel construction materials for commercial and residential construction in Japan, North America, Europe, and the rest of Asia. The company offers door openers; automatic, industrial sectional, garage, steel, condominium, and lightweight sliding doors; partitions and toilet booths; waterproofing products; rolling, high-speed sheet, lightweight, heavy-duty, and window shutters; aluminum and stainless-steel facades; curtain walls; and mail and delivery boxes. It also provides shutter-related, storefront, window, residential door, exterior, and residential garage door products; and openers for garage and other doors, as well as engages in the maintenance and service business. The company was founded in 1956 and is headquartered in Tokyo, Japan.
The Ultrapar Participações S.A. stock price gained 2.30% on the last trading day (Friday, 5th Jan 2024), rising from R$26.49 to R$27.10. During the last trading day the stock fluctuated 3.53% from a day low at R$26.33 to a day high of R$27.26. The price has risen in 7 of the last 10 days and is up by 4.11% 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, 164 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately R$131.50 million.
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.
The SEIBU HOLDINGS INC. stock price gained 2.08% on the last trading day (Friday, 5th Jan 2024), rising from JP¥1,951.50 to JP¥1,992.00. During the last trading day the stock fluctuated 2.88% from a day low at JP¥1,946.00 to a day high of JP¥2,002.00. The price has risen in 7 of the last 10 days and is up by 4.9% 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, 95 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥2.09 billion.
SEIBU HOLDINGS 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 SEIBU HOLDINGS INC.:
Seibu Holdings Inc. engages in the urban and regional transportation, hotel and leisure, real estate, construction, and other businesses in Japan. It operates through Urban Transportation and Regional, Hotel and Leisure, Real Estate, Construction, Hawaii Business, and Other Business segments. The company offers railway, bus, and transportation services; operates hotels, golf courses, ski resorts, and leisure facilities; develops Seibu Railway lines and hotel sites in city centers; leases office and residential facilities; and develops and operates stores in train stations, shopping malls, and other commercial facilities. It is also involved in the construction of railway lines, social infrastructure, hotel remodeling, private sector construction, and housing. In addition, the company produces, processes, and sells gravel, sand, and other raw materials used in civil engineering and construction projects; designs and executes landscaping projects; and maintains and operates state-run parks. Further, the company operates express ways and cruise ships; and maintains a professional baseball team. Additionally, the company offers housekeeping, child-rearing support, home, and urban development services; and insurance and pet care products, as well as builds cemeteries. Seibu Holdings Inc. was incorporated in 2006 and is headquartered in Tokyo, Japan.
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.
