Breakoutwatch Weekly Summary 04/08/17
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.
| Markets are Flashing Amber The possible bearish head and shoulders top pattern we spoke of last week is still in play as the NASDAQ drifts down. While our trend indicator for the NASDAQ remains positive, the trend indicators for the DJI fell on Monday and and for the S&P 500 on Wednesday. The head and shoulders pattern will be completed and a bearish situation confirmed if the NASDAQ falls to 5812. In the meantime, because the trend is down for the other major indexes, caution before opening further long positions is advised.  |
| No new features this week. |
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 6 | 2.95 |
| SQZ | 7 | 4.42 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2017-04-07 | GNK | CWH | n | 13.13 | 14 | 98 | 14.4 | 9.67% | 10.28% |
| 2017-04-07 | TGH | SQZ | y | 14.96 | 16 | 94 | 16.4 | 9.63% | 10.63% |
| 2017-04-05 | NEWR | SQZ | y | 37.07 | 39 | 82 | 39.28 | 5.96% | 7.47% |
| 2017-04-07 | ZYNE | SQZ | y | 20.85 | 22 | 96 | 22.09 | 5.95% | 7.39% |
| 2017-04-07 | BZUN | SQZ | y | 14.97 | 16 | 96 | 15.56 | 3.94% | 7.92% |
| 2017-04-06 | TCX | CWH | n | 52.35 | 52 | 97 | 54.1 | 3.34% | 3.53% |
| 2017-04-07 | CFX | SQZ | y | 38.73 | 40 | 81 | 39.97 | 3.2% | 5.11% |
| 2017-04-07 | AXGN | CWH | y | 10.60 | 11 | 92 | 10.85 | 2.36% | 3.3% |
| 2017-04-05 | HYGS | CWH | n | 7.10 | 7 | 81 | 7.25 | 2.11% | 4.93% |
| 2017-04-07 | BAK | SQZ | y | 20.78 | 21 | 92 | 21.05 | 1.3% | 3.66% |
| 2017-04-04 | LBRDK | SQZ | y | 87.10 | 88 | 86 | 87.93 | 0.95% | 3.04% |
| 2017-04-07 | RNET | CWH | n | 21.95 | 22 | 88 | 22 | 0.23% | 0.68% |
| 2017-04-05 | JOY | CWH | n | 28.30 | 28 | 81 | 28.3 | 0% | 0.04% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| SODA | 51.80 | 582,188 | SodaStream International Ltd. | Beverages - Soft Drinks | 98 | 50.04 |
| COHR | 207.84 | 558,276 | Coherent - Inc. | Scientific & Technical Instruments | 97 | 199.57 |
| TTMI | 17.27 | 2,564,739 | TTM Technologies - Inc. | Printed Circuit Boards | 96 | 16.15 |
| DV | 35.90 | 1,023,942 | DeVry Education Group Inc. | Education & Training Services | 95 | 35.60 |
| GNBC | 18.28 | 274,011 | Green Bancorp - Inc. | Money Center Banks | 95 | 16.75 |
| ETE | 19.79 | 6,596,394 | Energy Transfer Equity - L.P. | Oil & Gas Pipelines | 94 | 19.30 |
| 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 | 20656.1 |
-0.03% | 4.52% | Down |
| NASDAQ | 5877.81 |
-0.57% | 9.19% | Up |
| S&P 500 | 2355.54 |
-0.3% | 5.21% | 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 |
|---|---|---|---|
| Dow Jones |
NASDAQ Composite 3.47 % |
Dow Jones 13.24 % |
NASDAQ Composite 9.19 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Consumer Services |
Consumer Services |
Consumer Services |
Regional - Southwest Banks |
| Aerospace/Defense - Major Diversified 61 |
Advertising Agencies 86 |
Beverages - Wineries & Distillers 140 |
Long Distance Carriers 196 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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