Breakout Stocks of Week 4
NASDAQ was up last week (week 3) by 0.94% ending at 15,455.36 points after gaining 144.39 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 Tempur Sealy International Inc NYSE:TPX. This stock has had a buy signal since Dec 21, 2023 when the price was $50.45 and is so far up 2.64% to $51.78. Some other companies are on our watchlist to, among these are Stantec Inc NYSE:STN Ultrapar Participacoes SA NYSE:UGP PagSeguro Digital Ltd. NYSE:PAGS and Zimvie Inc. NASDAQ:ZIMV which all got a breakout pattern emerging.
| Date | Company | Price | Week 4 |
|---|---|---|---|
| Tempur Sealy International Inc | $51.78 | $50.29 | -2.88% |
| Stantec Inc | $80.95 | $82.40 | 1.79% |
| Ultrapar Participacoes Sa | $5.78 | $5.58 | -3.46% |
| Pagseguro Digital Ltd. | $13.32 | $13.48 | 1.20% |
| Zimvie Inc. | $18.76 | $17.96 | -4.26% |
The Tempur Sealy International Inc stock price gained 1.55% on the last trading day (Friday, 26th Jan 2024), rising from $50.99 to $51.78. During the last trading day the stock fluctuated 1.67% from a day low at $50.95 to a day high of $51.80. The price has been going up and down for this period, and there has been a 1.91% 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, 4 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $74.29 million.
On Mar 25, 2024, it was reported that Loop Capital Markets gave TPX a "Buy" grade with a "upgrade" action.
Tempur Sealy International 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 Tempur Sealy International Inc:
Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands. The company sells its products through approximately 650 company-owned stores, e-commerce, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare, as well as offers Cocoon by Sealy branded products through online. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, SOVA, and other retail brands. In addition, the company is involved in licensing its Sealy, Tempur, and Stearns & Foster brands, technology, and trademarks to other manufacturers. Tempur Sealy International, Inc. was founded in 1846 and is based in Lexington, Kentucky.
The Stantec Inc stock price gained 0.310% on the last trading day (Friday, 26th Jan 2024), rising from $80.70 to $80.95. During the last trading day the stock fluctuated 0.82% from a day low at $80.55 to a day high of $81.21. The price has risen in 6 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 58 thousand shares were bought and sold for approximately $4.70 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 Feb 23, 2023, it was reported that BTIG gave STN a "Neutral" grade with a "downgrade" action.
Stantec 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 Stantec Inc:
Stantec Inc. provides engineering, architecture, and environmental consulting services in the areas of infrastructure and facilities in Canada, the United States, and internationally. The company provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. It also offers structural, mechanical, electrical, plumbing, and hydraulics engineering services; transportation advisory, planning and analytics, transport engineering, and technical design; paleontological and archaeological services for the rail, transportation, water, and power and energy sectors; environmental and infrastructure services; and environmental and cultural resource compliance services. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada.
The Ultrapar Participacoes SA stock price gained 1.40% on the last trading day (Friday, 26th Jan 2024), rising from $5.70 to $5.78. During the last trading day the stock fluctuated 1.22% from a day low at $5.72 to a day high of $5.79. The price has risen in 6 of the last 10 days and is up by 2.85% over the past 2 weeks. Volume fell on the last day by -279 thousand shares and in total, 637 thousand shares were bought and sold for approximately $3.68 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 02, 2024, it was reported that HSBC gave UGP a "Reduce" grade with a "hold" action.
Ultrapar Participacoes SA 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 Ultrapar Participacoes SA:
Ultrapar Participações S.A. engages in the gas distribution, fuel distribution, and storage businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil. The company's Fuel Distribution segment distributes and markets gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; operates convenience stores; and offers lubricant-changing and automotive specialized services. The company's Storage segment operates liquid bulk terminals primarily in the Southeast and Northeast regions of Brazil. As of December 31, 2021, the company operated through 7,104 Ipiranga service stations and 1,841 AmPm convenience stores; 1,149 Jet Oil franchises; 4 distribution centers; and 7 Ultracargo terminals with storage capacity of 983 thousand cubic meters. It also operates Abastece Aí, a digital payments app; and offers Km de Vantagens, a loyalty program. The company was founded in 1937 and is headquartered in São Paulo, Brazil.
The PagSeguro Digital Ltd. stock price gained 1.37% on the last trading day (Friday, 26th Jan 2024), rising from $13.14 to $13.32. 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 3.28% from a day low at $12.97 to a day high of $13.40. The price has risen in 6 of the last 10 days and is up by 5.63% over the past 2 weeks. Volume fell on the last day by -184 thousand shares and in total, 2 million shares were bought and sold for approximately $29.84 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 Mar 26, 2024, it was reported that Evercore ISI gave PAGS a "Outperform" grade with a "upgrade" action.
PagSeguro Digital 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 PagSeguro Digital Ltd.:
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth. It also offers cash-in solutions; online and in-person payment tools; and online gaming and cross-border digital services, as well as issues prepaid, credit, and cash cards. In addition, the company provides functionalities, and value-added services and features, such as purchase protection mechanisms, antifraud platform, account and business management tools, and POS app; and operates an online platform that facilitates peer-to-peer lending. Further, it is involved in processing of back-office solutions, including sales reconciliation, and gateway solutions and services, as well as the capture of credit cards with acquirers and sub acquirers. The company was founded in 2006 and is headquartered in São Paulo, Brazil.
The Zimvie Inc. stock price gained 6.05% on the last trading day (Friday, 26th Jan 2024), rising from $17.69 to $18.76. During the last trading day the stock fluctuated 16.01% from a day low at $17.61 to a day high of $20.43. The price has been going up and down for this period, and there has been a 5.16% 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, 1 million more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $26.89 million.
On Aug 08, 2023, it was reported that Barclays gave ZIMV a "Underweight" grade with a "hold" action.
Zimvie 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 Zimvie Inc.:
ZimVie Inc., a medical technology company, develops, manufactures, and delivers a portfolio of products and solutions designed to treat a range of spine pathologies, and support dental tooth replacement and restoration procedures worldwide. It offers dental implant systems, prosthetic and abutment products, surgical instrumentation, and kits; bone grafts, barrier membranes, allografts, and collagen wound care products; intraoral scanners; and virtual treatment planning services, guided surgery solutions, CAD/CAM workflow systems, and patient-specific restorative components and intra-oral scanners, as well as spinal fusion implants and instrumentation for various spinal procedures, biologics, and bone healing technologies. The company also provides MIS solutions, such as Vital MIS and Timberline; and motion preservation solutions, including Mobi-C and The Tether. ZimVie Inc. was incorporated in 2021 and is headquartered in Westminster, Colorado.
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.
