Breakout Stocks of Week 27
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 ADMA Biologics Inc NASDAQ:ADMA. This stock has had a buy signal since Apr 23, 2024 when the price was $6.54 and is so far up 70.95% to $11.18. Some other companies are on our watchlist to, among these are ARCLAND SAKAMOTO CO.,LTD. TYO:9842 Miwon Commercial Co., Ltd. KSE:002840 IGIS Value Plus REIT Co., Ltd. KSE:334890 and Karel Elektronik Sanayi Ve Ticaret A.S. BIST:KAREL which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Adma Biologics Inc | $11.18 | $11.40 ( 2nd Jul 2024 ) | 1.97% |
| Arcland Sakamoto Co.,ltd. | JP¥1,944.00 | JP¥1,916.00 ( 2nd Jul 2024 ) | -1.44% |
| Miwon Commercial Co., Ltd. | ₩203,500.00 | ₩207,000.00 ( 2nd Jul 2024 ) | 1.72% |
| Igis Value Plus Reit Co., Ltd. | ₩5,230.00 | ₩5,120.00 ( 2nd Jul 2024 ) | -2.10% |
| Karel Elektronik Sanayi Ve Ticaret A.s. | TRY 15.50 | TRY 15.51 ( 2nd Jul 2024 ) | 0.0645% |
The ADMA Biologics Inc stock price gained 2.10% on the last trading day (Friday, 28th Jun 2024), rising from $10.95 to $11.18. During the last trading day the stock fluctuated 2.97% from a day low at $10.93 to a day high of $11.25. The price has risen in 6 of the last 10 days and is up by 3.71% 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, 5 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $71.95 million.
On May 10, 2024, it was reported that Raymond James gave ADMA a "Strong Buy" grade with a "hold" action.
ADMA Biologics 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 ADMA Biologics Inc:
ADMA Biologics, Inc., a biopharmaceutical company, engages in developing, manufacturing, and marketing specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally. It offers BIVIGAM, an intravenous immune globulin (IVIG) product indicated for the treatment of primary humoral immunodeficiency (PI); ASCENIV, an IVIG product for the treatment of PI; and Nabi-HB for the treatment of acute exposure to blood containing Hepatitis B surface antigen and other listed exposures to Hepatitis B. The company also develops a pipeline of plasma-derived therapeutics, including products related to the methods of treatment and prevention of S. pneumonia infection for an immunoglobulin. In addition, it operates source plasma collection facilities. The company sells its products through independent distributors, sales agents, specialty pharmacies, and other alternate site providers. ADMA Biologics, Inc. was incorporated in 2004 and is headquartered in Ramsey, New Jersey.
The ARCLAND SAKAMOTO CO.,LTD. stock price gained 0.361% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,937.00 to JP¥1,944.00. During the last trading day the stock fluctuated 1.24% from a day low at JP¥1,932.00 to a day high of JP¥1,956.00. The price has risen in 5 of the last 10 days and is up by 0.67% 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, 11 thousand more shares were traded than the day before. In total, 150 thousand shares were bought and sold for approximately JP¥290.82 million.
ARCLAND SAKAMOTO CO.,LTD. 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 ARCLAND SAKAMOTO CO.,LTD.:
Arcland Sakamoto Co.,Ltd. develops and manages home centers in Japan. The company offers daily necessities; pet and gardening supplies; building and agricultural materials; art materials, calligraphy, pottery, and stained glasses; and stationery, health, beauty and care products, etc. It also operates supermarkets, restaurants, and drug stores; operates an online shop for home improvement products; and supplies work tools, gardening supplies, and houseware supplies to home centers. In addition, the company is involved in remodeling and exterior business. The company was founded in 1970 and is headquartered in Sanjo, Japan.
The Miwon Commercial Co., Ltd. stock price gained 0.246% on the last trading day (Friday, 28th Jun 2024), rising from ₩203,000.00 to ₩203,500.00. 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 2.10% from a day low at ₩199,800.00 to a day high of ₩204,000.00. The price has risen in 6 of the last 10 days and is up by 0.74% 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, 4 thousand shares were bought and sold for approximately ₩841.07 million.
Miwon Commercial Co., Ltd. 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.
The IGIS Value Plus REIT Co., Ltd. stock price gained 1.95% on the last trading day (Friday, 28th Jun 2024), rising from ₩5,130.00 to ₩5,230.00. During the last trading day the stock fluctuated 1.94% from a day low at ₩5,150.00 to a day high of ₩5,250.00. The price has risen in 5 of the last 10 days and is up by 1.95% 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, 25 thousand more shares were traded than the day before. In total, 69 thousand shares were bought and sold for approximately ₩363.15 million.
IGIS Value Plus REIT 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 Karel Elektronik Sanayi Ve Ticaret A.S. stock price gained 0.519% on the last trading day (Friday, 28th Jun 2024), rising from TRY 15.42 to TRY 15.50. During the last trading day the stock fluctuated 3.06% from a day low at TRY 15.37 to a day high of TRY 15.84. The price has fallen in 6 of the last 10 days but is still up by 1.04% over the past 2 weeks. Volume fell on the last day by -950 thousand shares and in total, 6 million shares were bought and sold for approximately TRY 97.37 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.
Karel Elektronik Sanayi Ve Ticaret A.S. 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 Karel Elektronik Sanayi Ve Ticaret A.S.:
Karel Elektronik Sanayi Ve Ticaret A.S. designs, develops, produces, and sells wired or wireless communication systems in Turkey. It offers communication products, such as PBX phone systems for small, medium, and large-scale businesses; IP based call center systems for public and private institutions; and IP, analog, wall, hotel, and feature phones, as well as direct station select modules, and operator phone headsets. The company also provides convergence and integration products, including conference products, GSM terminals, wireless (DECT) systems, auto-attendant and voicemail modules, call traffic control systems, VoIP and network products, call recording systems, nurse call systems, and other products, as well as vehicle tracking systems. In addition, it offers visual communication and security systems comprising security cameras, intruder alarm, and intercoms; cloud solutions with Internet applications that facilitate the business processes, and provide economy and productivity for corporate users; and electronics manufacturing services, as well as undertakes telecommunication projects for fixed and mobile operators, and state institutions and organizations. The company provides its communication solutions for hotels, public institutions, medical institutions, educational institutions, production facilities, retail business, finance institutions, and transportation institutions. It also exports its products and technologies to approximately 30 countries. Karel Elektronik Sanayi Ve Ticaret A.S. was founded in 1986 and is based in Istanbul, Turkey.
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.
