Breakout Stocks of Week 9
NASDAQ was up last week (week 8) by 1.40% ending at 15,996.82 points after gaining 221.17 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 Sigma Healthcare Limited ASX:SIG. This stock has had a buy signal since Dec 04, 2023 when the price was $0.730 and is so far up 52.05% to $1.11. Some other companies are on our watchlist to, among these are PGT NASDAQ:PGTI PIMCO Strategic Income Fund Inc NYSE:RCS Mirae Asset Tiger 200 Health Care ETF KSE:227540 and Mirae Asset Maps Management - Tiger KRX Bio K-New Deal ETF KSE:364970 which all got a breakout pattern emerging.
| Date | Company | Price | Week 9 |
|---|---|---|---|
| Sigma Healthcare Limited | $1.11 | $1.13 | 1.35% |
| Pgt | $41.79 | $41.78 | -0.0239% |
| Pimco Strategic Income Fund Inc | $6.30 | $6.08 | -3.49% |
| Mirae Asset Tiger 200 Health Care Etf | ₩18,375.00 | ₩18,270.00 | -0.571% |
| Mirae Asset Maps Management - Tiger Krx Bio K-new... | ₩6,480.00 | ₩6,500.00 | 0.309% |
The Sigma Healthcare Limited stock price gained 1.37% on the last trading day (Friday, 23rd Feb 2024), rising from $1.10 to $1.11. During the last trading day the stock fluctuated 2.02% from a day low at $1.09 to a day high of $1.11. The price has risen in 5 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 4 million shares were bought and sold for approximately $4.05 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.
Sigma Healthcare 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.
About Sigma Healthcare Limited:
Sigma Healthcare Limited, together with its subsidiaries, engages in the wholesale and distribution of pharmaceutical products primarily in Australia. It operates approximately 1,200 branded and independent pharmacy stores under the Amcal, Discount Drug Stores, Guardian, WholeLife, and PharmaSave brands. The company also provides hospital pharmacy wholesale services; dose administration aid services to the aged care sector, community pharmacy sector, and in the home; technology solutions and data analytics; and product development and support for a range of private and exclusive label products, as well as supplies medical consumables and devices to a broad range of customers, including pharmacy aged care facilities, hospitals, and clinics. In addition, it offers contract logistics services to pharmaceutical manufacturers and other supplier partners. Sigma Healthcare Limited was founded in 1912 and is headquartered in Rowville, Australia.
The PGT stock price gained 0.553% on the last trading day (Friday, 23rd Feb 2024), rising from $41.56 to $41.79. During the last trading day the stock fluctuated 0.0957% from a day low at $41.79 to a day high of $41.83. The price has risen in 6 of the last 10 days and is up by 1.11% 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, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $156.87 million.
PGT 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 PGT:
PGT Innovations, Inc., together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones. It also offers customizable non-impact-resistant aluminum frame windows and doors; and non-glass vertical and horizontal sliding panels for porch enclosures, including vinyl-glazed aluminum-framed products used for enclosing screened-in porches that provide protection from inclement weather. In addition, the company provides premium aluminum impact-resistant products; aluminum impact-resistant windows and doors; vinyl energy-efficient impact-resistant windows; and commercial storefront window system and entry doors. Further, it provides impact and non-impact sliding glass and terrace doors; fixed picture, single hung, and horizontal rolling windows; aluminum thermally broken doors and windows; fixed and operating windows; sliding, folding, and hinged doors; and moving glass walls and windows. The company offers its products under the PGT, CGI, WinDoor, Western Window Systems, NewSouth, Eco Window Systems, and Anlin brands. It serves window distributors, building supply distributors, window replacement dealers, and enclosure contractors. The company was formerly known as PGT, Inc. and changed its name to PGT Innovations, Inc. in December 2016. PGT Innovations, Inc. was founded in 1980 and is headquartered in North Venice, Florida.
The PIMCO Strategic Income Fund Inc stock price gained 2.27% on the last trading day (Friday, 23rd Feb 2024), rising from $6.16 to $6.30. During the last trading day the stock fluctuated 2.44% from a day low at $6.16 to a day high of $6.31. The price has risen in 6 of the last 10 days and is up by 1.61% 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, 215 thousand more shares were traded than the day before. In total, 395 thousand shares were bought and sold for approximately $2.49 million.
PIMCO Strategic Income Fund Inc 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 PIMCO Strategic Income Fund Inc:
PIMCO Strategic Global Government Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities. It employs fundamental analysis with a focus on top down stock picking approach to create its portfolio. PIMCO Strategic Global Government Fund, Inc. was formed on February 24, 1994 and is domiciled in the United States.
The Mirae Asset Tiger 200 Health Care ETF stock price gained 1.46% on the last trading day (Friday, 23rd Feb 2024), rising from ₩18,110.00 to ₩18,375.00. During the last trading day the stock fluctuated 1.92% from a day low at ₩18,215.00 to a day high of ₩18,565.00. The price has risen in 7 of the last 10 days and is up by 2.11% 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, 8 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately ₩475.31 million.
Mirae Asset Tiger 200 Health Care ETF 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.
Mirae Asset Maps Management - Tiger KRX Bio K-New Deal ETF
KSE:364970The Mirae Asset Maps Management - Tiger KRX stock price gained 0.86% on the last trading day (Friday, 23rd Feb 2024), rising from ₩6,425.00 to ₩6,480.00. During the last trading day the stock fluctuated 2.56% from a day low at ₩6,440.00 to a day high of ₩6,605.00. The price has fallen in 5 of the last 10 days but is still up by 2.29% 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, 102 thousand more shares were traded than the day before. In total, 416 thousand shares were bought and sold for approximately ₩2.70 billion.
Mirae Asset Maps Management - Tiger KRX 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.
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.
