Breakout Stocks of Week 5
NASDAQ was up last week (week 4) 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 Ultrapar Participações S.A. SAO:UGPA3. This stock has had a buy signal since Oct 16, 2023 when the price was R$20.21 and is so far up 40.08% to R$28.31. Some other companies are on our watchlist to, among these are Tempur Sealy International Inc NYSE:TPX Brookfield Business Partners LP TSX:BBU-UN Stantec Inc NYSE:STN and Ultrapar Participacoes SA NYSE:UGP which all got a breakout pattern emerging.
| Date | Company | Price | Week 5 |
|---|---|---|---|
| Ultrapar Participações S.a. | R$28.31 | R$27.64 | -2.37% |
| Tempur Sealy International Inc | $51.78 | $50.29 | -2.88% |
| Brookfield Business Partners Lp | $28.64 | $31.03 | 8.34% |
| Stantec Inc | $80.95 | $82.40 | 1.79% |
| Ultrapar Participacoes Sa | $5.78 | $5.58 | -3.46% |
The Ultrapar Participações S.A. stock price gained 1.29% on the last trading day (Friday, 26th Jan 2024), rising from R$27.95 to R$28.31. During the last trading day the stock fluctuated 1.98% from a day low at R$27.84 to a day high of R$28.39. The price has risen in 5 of the last 10 days and is up by 1.43% 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, 213 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately R$104.77 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 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 Apr 30, 2024, it was reported that Wedbush gave TPX a "Buy" grade with a "hold" 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 Brookfield Business Partners LP stock price gained 1.20% on the last trading day (Friday, 26th Jan 2024), rising from $28.30 to $28.64. During the last trading day the stock fluctuated 1.58% from a day low at $28.50 to a day high of $28.95. The price has risen in 7 of the last 10 days and is up by 8.36% 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, 99 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately $3.77 million.
Brookfield Business Partners LP 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 Brookfield Business Partners LP:
Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Asset Management Inc.
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 May 02, 2024, it was reported that Scotiabank gave STN a "Sector Perform" grade with a "hold" 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.
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.
