Breakoutwatch Weekly Summary 05/20/17
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 Tremble but Trend
Indicators Remain Positive Markets trembled on Wednesday as traders feared that the Trump legislative program of health care reform, tax cuts and infrastructure investment would be delayed by an administration paralyzed by FBI, Special Counsel and legislative investigations. The indexes clawed back some lost ground on Thursday and Friday but were left with losses for the week, the NASDAQ losing 0.6%. The number of breakouts were limited this week by lower than average volumes on Monday, Tuesday and Friday and Wednesday's plunge. Breakouts fell to 13 this week from 18 last week.  |
| No new features this week.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 7 | 2.61 |
| SQZ | 5 | 2.83 |
| HTF | 0 | |
| HSB | 1 | 0.68 |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2017-05-19 | CALA | CWH | n | 14.30 | 16 | 99 | 16.025 | 12.06% | 13.29% |
| 2017-05-16 | GPRK | SQZ | y | 7.78 | 8 | 98 | 8.51 | 9.38% | 10.8% |
| 2017-05-15 | NTES | SQZ | y | 271.30 | 284 | 88 | 286.75 | 5.69% | 8.86% |
| 2017-05-19 | FBR | CWH | n | 9.50 | 10 | 80 | 10.04 | 5.68% | 9.05% |
| 2017-05-16 | MTSI | CWH | n | 55.18 | 57 | 81 | 56.18 | 1.81% | 3.84% |
| 2017-05-16 | XONE | CWH | n | 13.49 | 14 | 83 | 13.72 | 1.7% | 6.97% |
| 2017-05-16 | AEL | SQZ | y | 24.31 | 25 | 83 | 24.585 | 1.13% | 1.13% |
| 2017-05-16 | NTES | SQZ | y | 284.26 | 290 | 90 | 286.75 | 0.88% | 3.89% |
| 2017-05-19 | HL | HSB | n | 5.84 | 6 | 30 | 5.88 | 0.68% | 1.54% |
| 2017-05-19 | FONR | CWH | n | 23.80 | 24 | 86 | 23.85 | 0.21% | 0.21% |
| 2017-05-19 | BITA | CWH | n | 32.14 | 32 | 94 | 32.175 | 0.11% | 0.28% |
| 2017-05-16 | AUDC | SQZ | y | 6.52 | 7 | 82 | 6.33 | -2.91% | 1.99% |
| 2017-05-15 | FRBK | CWH | n | 9.10 | 9 | 96 | 8.8 | -3.3% | 3.08% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| EMKR | 10.95 | 569,762 | EMCORE Corporation | Semiconductor - Integrated Circuits | 96 | 9.93 |
| FRBK | 9.38 | 430,584 | Republic First Bancorp - Inc. | Regional - Northeast Banks | 96 | 8.80 |
| LITE | 56.70 | 2,977,776 | Lumentum Holdings Inc. | Money Center Banks | 94 | 53.35 |
| LMIA | 14.00 | 84,790 | LMI Aerospace - Inc. | Aerospace/Defense Products & Services | 94 | 13.95 |
| STRL | 11.30 | 196,382 | Sterling Construction Company Inc | Heavy Construction | 94 | 10.30 |
| 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 | 20804.8 |
-0.44% | 5.27% | Up |
| NASDAQ | 6083.7 |
-0.61% | 13.01% | Up |
| S&P 500 | 2381.73 |
-0.38% | 6.38% | Up |
|
1The Market Trend is derived from
our proprietary market model. The market model is described on
the site
here.
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 4.2 % |
NASDAQ Composite 14.32 % |
NASDAQ Composite 13.01 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Consumer Services |
Consumer Services |
Consumer Services |
Consumer Services |
| Synthetics 47 |
Multimedia & Graphics Software 92 |
Computers Wholesale 200 |
Computers Wholesale 148 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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