Breakoutwatch Weekly Summary 09/24/16
You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.
Low Volume Levels Limit Stock Breakouts The major indexes remain on an upward trend which was reinvigorated by the FED decision to leave interest rates unchanged. Volumes were below average for the entire week and barely reached the 50 day average on Wednesday following the Fed's announcement. Lowered volume had an impact on the number of breakouts for the week as we generally require a 1.5 times 50 day average volume to confirm a breakout.  |
| No new features this week. |
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 11 | 1.61 |
| SQZ | 5 | 2.22 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2016-09-21 | SPSC | CWH | n | 69.14 | 72 | 80 | 72.71 | 5.16% | 8.26% |
| 2016-09-22 | ETSY | SQZ | y | 14.56 | 15 | 92 | 15.215 | 4.5% | 7.83% |
| 2016-09-23 | MMYT | CWH | n | 21.99 | 23 | 91 | 22.89 | 4.09% | 4.41% |
| 2016-09-20 | DPRX | CWH | n | 14.98 | 16 | 93 | 15.53 | 3.67% | 8.95% |
| 2016-09-19 | INTL | CWH | n | 38.21 | 39 | 90 | 39.48 | 3.32% | 3.82% |
| 2016-09-21 | KEYW | SQZ | y | 10.58 | 11 | 93 | 10.89 | 2.93% | 3.97% |
| 2016-09-19 | TTMI | CWH | n | 11.09 | 11 | 95 | 11.32 | 2.07% | 4.42% |
| 2016-09-23 | AIR | CWH | n | 29.08 | 30 | 84 | 29.66 | 1.99% | 7.39% |
| 2016-09-22 | CCMP | SQZ | y | 51.72 | 52 | 82 | 52.5 | 1.51% | 2.22% |
| 2016-09-22 | SPSC | SQZ | y | 71.93 | 73 | 85 | 72.71 | 1.08% | 4.06% |
| 2016-09-19 | STAA | SQZ | y | 9.32 | 10 | 92 | 9.42 | 1.07% | 4.94% |
| 2016-09-22 | SGU | CWH | n | 9.65 | 10 | 80 | 9.73 | 0.83% | 0.83% |
| 2016-09-21 | TQQQ | CWH | n | 126.74 | 127 | 85 | 127.67 | 0.73% | 3.01% |
| 2016-09-22 | RDNT | CWH | n | 7.29 | 7 | 87 | 7.32 | 0.41% | 1.37% |
| 2016-09-21 | APA | CWH | n | 60.19 | 61 | 83 | 60.02 | -0.28% | 3.32% |
| 2016-09-19 | ESNT | CWH | n | 27.77 | 28 | 85 | 26.57 | -4.32% | 3.06% |
| *RS Rank on day before breakout. | |||||||||
 |
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| ENBL | 16.39 | 344,244 | Enable Midstream Partners - LP | Oil & Gas Pipelines | 94 | 15.70 |
| CRESY | 18.20 | 168,596 | Cresud S.A.C.I.F. y A. | Farm Products | 93 | 17.46 |
| ARLP | 22.08 | 474,189 | Alliance Resource Partners - L.P. | Industrial Metals & Minerals | 93 | 21.19 |
| BGFV | 14.51 | 323,193 | Big 5 Sporting Goods Corporation | Sporting Goods Stores | 93 | 14.33 |
| RRMS | 28.56 | 177,060 | Rose Rock Midstream - L.P. | Major Integrated Oil & Gas | 92 | 26.28 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 18261.4 |
0.76% | 4.8% | Up |
| NASDAQ | 5305.75 |
1.17% | 5.96% | Up |
| S&P 500 | 2164.69 |
1.19% | 5.91% | Up |
|
1The Market Trend is derived from
our proprietary market model. The market model is described on
the sitehere.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| S&P 500 |
NASDAQ Composite 12.7 % |
NASDAQ Composite 11.31 % |
NASDAQ Composite 5.96 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Manufactured Housing |
Manufactured Housing |
Silver |
Silver |
| Semiconductor - Memory Chips 105 |
Photographic Equipment & Supplies 120 |
Manufactured Housing 213 |
Manufactured Housing 213 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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