Breakoutwatch Weekly Summary 10/22/16
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.
| Market Signals Turn Down Our market trend signals for the three major indexes turned down on Monday after the NASDAQ failed to move above resistance at the 50 day moving average level. That level was tested again on Tuesday and since then the index has tracked sideways. The index gained 0.8% on the Friday to Friday close, double that of the DJI and S&P 500, so the picture is not as gloomy as a downturn in the trend indicators might suggest. The number of breakouts fell to just 16 but the average gain was 4% with two stocks, EVDY and EMES, gaining over 20% and 10% respectively.  |
| No new features this week.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 8 | 4.4 |
| SQZ | 8 | 3.51 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2016-10-20 | EVDY | CWH | n | 8.45 | 9 | 86 | 10.45 | 23.67% | 24.26% |
| 2016-10-19 | EMES | SQZ | y | 14.00 | 14 | 98 | 15.18 | 8.43% | 11.43% |
| 2016-10-18 | TX | SQZ | y | 20.70 | 21 | 90 | 22.43 | 8.36% | 9.23% |
| 2016-10-19 | HNRG | SQZ | y | 8.06 | 9 | 97 | 8.67 | 7.57% | 10.92% |
| 2016-10-19 | SXCP | CWH | y | 15.75 | 16 | 94 | 16.75 | 6.35% | 8.89% |
| 2016-10-19 | CSFL | SQZ | y | 18.31 | 19 | 83 | 18.64 | 1.8% | 4.21% |
| 2016-10-19 | RF | CWH | n | 10.47 | 11 | 81 | 10.64 | 1.62% | 1.62% |
| 2016-10-20 | LNDC | CWH | n | 13.75 | 14 | 81 | 13.95 | 1.45% | 1.82% |
| 2016-10-21 | VA | SQZ | y | 54.36 | 55 | 85 | 55.05 | 1.27% | 3.38% |
| 2016-10-19 | HAL | CWH | n | 47.96 | 49 | 80 | 48.43 | 0.98% | 4.73% |
| 2016-10-21 | IBTX | CWH | n | 46.95 | 47 | 87 | 47.3 | 0.75% | 0.85% |
| 2016-10-21 | JSM | SQZ | y | 23.66 | 24 | 90 | 23.83 | 0.72% | 0.72% |
| 2016-10-18 | MCBC | SQZ | y | 7.95 | 8 | 86 | 7.98 | 0.38% | 1.76% |
| 2016-10-21 | RYAM | CWH | y | 13.72 | 14 | 88 | 13.77 | 0.36% | 0.36% |
| 2016-10-19 | RDNT | CWH | n | 7.86 | 8 | 94 | 7.86 | 0% | 1.53% |
| 2016-10-20 | TMST | SQZ | y | 11.15 | 11 | 82 | 11.1 | -0.45% | 2.51% |
| *RS Rank on day before breakout. | |||||||||
 |
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| JOY | 28.00 | 2,143,962 | Joy Global Inc. | Farm & Construction Machinery | 96 | 27.89 |
| NAII | 14.40 | 86,926 | Natural Alternatives International - Inc. | Drug Related Products | 95 | 13.50 |
| FN | 46.50 | 810,064 | Fabrinet | Electronic Equipment | 94 | 42.93 |
| MTZ | 30.20 | 790,509 | MasTec - Inc. | Heavy Construction | 94 | 29.15 |
| AHGP | 28.29 | 100,814 | Alliance Holdings GP - L.P. | Nonmetallic Mineral Mining | 93 | 28.03 |
| CRMT | 41.30 | 103,954 | America's Car-Mart - Inc. | Auto Dealerships | 92 | 40.10 |
| DPM | 36.29 | 531,844 | DCP Midstream Partners - LP | Oil & Gas Pipelines | 92 | 35.29 |
| LPI | 13.93 | 5,244,136 | Laredo Petroleum - Inc. | Independent Oil & Gas | 92 | 13.37 |
| 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 | 18145.7 |
0.04% | 4.14% | Down |
| NASDAQ | 5257.4 |
0.83% | 4.99% | Down |
| S&P 500 | 2141.16 |
0.38% | 4.76% | Down |
|
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 |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 3.08 % |
NASDAQ Composite 7.16 % |
NASDAQ Composite 4.99 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Manufactured Housing |
Manufactured Housing |
Silver |
Silver |
| Music & Video Stores 134 |
Foreign Utilities 135 |
Basic Materials Wholesale 208 |
Manufactured Housing 213 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.
Copyright (c) 10/22/2016 NBIcharts, LLC dba BreakoutWatch.com. All
rights reserved.
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan
"tomorrow's breakouts today" are service marks of NBIcharts LLC. All
other marks are the property of their respective owners, and are used
for descriptive purposes only.
BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.