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No Pain, No Gain.Week 21 On Stock Market Click to watch.

Breakout Stocks of Week 23

NASDAQ was up by impressive 6.79% last week (week 22) ending at 12130.66 points points after ending the week prior at 11359.18 points. Normally this would indicate a weaker week ahead of us. 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 ProNAi Therapeutics Inc NASDAQ:SRRA. This stock has had a buy signal since Apr 01, 2022 when the price was $33.76 and is so far up 62.26% to $54.78. Some other companies are on our watchlist to, among these are Datto Holding Corp NYSE:MSP Tailwind Acquisition Corp. NYSE:TWND Independence Holdings Corp. NASDAQ:ACQR and Hormel Foods Corporation NYSE:HRL which all got a breakout pattern emerging.

Date Company Price Change
May 27, 2022 Pronai Therapeutics Inc $54.78 $54.78 ( 27th May 2022 ) 0%
May 27, 2022 Datto Holding Corp $35.09 $35.09 ( 27th May 2022 ) 0%
May 27, 2022 Tailwind Acquisition Corp. $9.92 $9.92 ( 27th May 2022 ) 0%
May 27, 2022 Independence Holdings Corp. $9.78 $9.78 ( 27th May 2022 ) 0%
May 27, 2022 Hormel Foods Corporation $48.63 $48.63 ( 27th May 2022 ) 0%

ProNAi Therapeutics Inc

NASDAQ:SRRA Buy Candidate Score: 3.41
Buy Candidate Score: 3.41 May 27, 2022

ProNAi Therapeutics IncThe ProNAi Therapeutics Inc stock price gained 0.0914% on the last trading day (Friday, 27th May 2022), rising from $54.73 to $54.78. , and 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 day the stock fluctuated 0.0913% from a day low at $54.74 to a day high of $54.79. The price has risen in 7 of the last 10 days and is up by 0.31% 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, 17 thousand more shares were traded than the day before. In total, 152 thousand shares were bought and sold for approximately $8.35 million.

Jefferies is very positive about SRRA and gave it a "$39.00 - $55.00" rating on Apr 14, 2022. The price target was set to 54.75+0.04. Over the last 90 days, this security got 4 buy, 0 sell, and 0 hold ratings.

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 ProNAi Therapeutics Inc stock to perform well in the short-term.

Datto Holding Corp

NYSE:MSP Buy Candidate Score: 3.06
Buy Candidate Score: 3.06 May 27, 2022

The Datto Holding Corp fund price gained 0.34% on the last trading day (Friday, 27th May 2022), rising from $34.97 to $35.09. , and 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 day the fund fluctuated 0.40% from a day low at $34.95 to a day high of $35.09. The price has risen in 7 of the last 10 days and is up by 4.43% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $42.50 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.

BMO Capital is very positive about MSP and gave it a "" rating on Apr 13, 2022. The price target was changed from 34.65 to 0.09. Over the last 90 days, this security got 3 buy, 1 sell, and 1 hold ratings.

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 Datto Holding Corp fund to perform well in the short-term.

Tailwind Acquisition Corp.

NYSE:TWND Buy Candidate Score: 2.95
Buy Candidate Score: 2.95 May 27, 2022

The Tailwind Acquisition Corp. stock price fell by -0.0081% on the last day (Friday, 27th May 2022) from $9.92 to $9.92. During the day the stock fluctuated 0.10% from a day low at $9.92 to a day high of $9.93. The price has fallen in 4 of the last 10 days, but is still up by 0.1% over the past 2 weeks. Volume has increased on the last day by 414 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, 436 thousand shares were bought and sold for approximately $4.33 million.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tailwind Acquisition Corp. stock to perform well in the short-term period.

Independence Holdings Corp.

NASDAQ:ACQR Buy Candidate Score: 2.58
Buy Candidate Score: 2.58 May 27, 2022

The Independence Holdings Corp. stock price gained 0.10% on the last trading day (Friday, 27th May 2022), rising from $9.77 to $9.78. During the day the stock fluctuated 0.20% from a day low at $9.77 to a day high of $9.79. The price has been going up and down for this period, and there has been a 0.2% 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, 804 thousand more shares were traded than the day before. In total, 805 thousand shares were bought and sold for approximately $7.87 million.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Independence Holdings Corp. stock to perform well in the short-term period.

Hormel Foods Corporation

NYSE:HRL Buy Candidate Score: 1.41
Buy Candidate Score: 1.41 May 27, 2022

Hormel Foods CorporationThe Hormel Foods Corporation stock price gained 0.43% on the last trading day (Friday, 27th May 2022), rising from $48.42 to $48.63. During the day the stock fluctuated 0.98% from a day low at $48.19 to a day high of $48.66. The price has been going up and down for this period, and there has been a -8.61% loss 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, 192 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $93.65 million.

Goldman Sachs is very positive about HRL and gave it a "" rating on Mar 15, 2022. The price target was changed from 49.19 to 1.7. Over the last 90 days, this security got 5 buy, 0 sell, and 0 hold ratings.

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hormel Foods Corporation stock to perform well in the short-term period.

About Hormel Foods Corporation:
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

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