Breakoutwatch Weekly Summary 06/17/17

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Contents
New Features this Week Strategy Suggestions Breakouts Summary Breakouts Detail	Top Cup and Handle Chart Pattern Stocks Breakouts Index Major Indexes Performance	Best Performing Index Best Performing Industry Most Improved Industry

Weekly Commentary
Each week we consider the NASDAQ chart because we have found that most breakouts come from stocks listed in that index. This week the NASDAQ took a modest retreat with a loss of 0.22%. This was a hangover from last Friday's 1.8% loss provoked by speculation that FANG (Facebook, Amazon, Netflix, Google) stocks were in a bubble. Monday and Tuesday saw these stocks recover somewhat but the index moved down on Wednesday and Thursday while Friday's 'doji' candlestick showed there was still uncertainty about the future direction, although there was no uncertainty about what the markets thought about Amazon's acquisition of Whole Foods as AMZN gained 2.5% on 3.4 times average volume. Another consistent feature of our analysis is that cup and handle pattern breakouts generally provide greater gains than breakouts from any other pattern. This is true again this week, although the average gain was bolstered by an exceptionally strong breakout from OMER. This was foreshadowed by action in the handle on the day before breakout as I show below.

New Features this Week
No new features this week. Some bugs in the new watchlist of stocks reaching New 12 Month Highs were corrected, particularly the estimated EPS column and its sorting.

Strategy Suggestions
Study Handle Action for Cup and Handle Pattern Likely Breakouts The likelihood of a coming breakout can often be seen when a price and volume rise in the later stages the handle (see our tutorial Anatomy of a Cup-with-Handle Chart Pattern). The breakout of OMER was foreshadowed on Monday 6/12/17 when, after a long handle in which the price drifted down, the stock suddenly gained 11.9% on 2.5 times average volume. We issued an alert the next day at 09:45 as the price reached 17.26 (breakout price was 17.19). OMER closed on Friday 37.6% above that alert price.

Breakouts Summary by Watchlist for Week Beginning 06/12/17
List	Breakouts	Avg. Gain
CWH	5	9.24
SQZ	9	0.6
HTF		0
HSB	1	6.01
DB	1	0.85

Breakouts Detail for Week Beginning 06/12/17
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2017-06-13	OMER	CWH	y	17.19	20	95	23.75	38.16%	46.02%
2017-06-16	FOLD	CWH	n	8.84	9	92	9.43	6.67%	7.24%
2017-06-15	EPZM	HSB	n	12.90	14	42	13.675	6.01%	12.4%
2017-06-16	IR	SQZ	y	89.87	92	84	92.34	2.75%	2.75%
2017-06-16	GBNK	SQZ	y	25.56	26	86	26.25	2.7%	2.7%
2017-06-12	HFWA	SQZ	y	25.51	26	81	26.1	2.31%	2.51%
2017-06-15	SPNC	SQZ	y	29.16	30	80	29.8	2.19%	4.6%
2017-06-16	TBPH	SQZ	y	36.38	37	84	36.99	1.68%	2.97%
2017-06-16	CHDN	CWH	n	179.75	182	83	182.45	1.5%	1.64%
2017-06-16	PH	DB	n	161.24	163	76	162.61	0.85%	0.86%
2017-06-16	JCAP	CWH	n	23.69	24	86	23.87	0.76%	0.84%
2017-06-12	MBLY	SQZ	y	62.31	63	94	62.7	0.63%	1.04%
2017-06-13	ESXB	CWH	n	8.25	8	86	8.175	-0.91%	0.61%
2017-06-12	LBAI	SQZ	y	20.06	20	86	19.8	-1.3%	2.69%
2017-06-12	TSC	SQZ	y	24.81	25	91	24.45	-1.45%	2.78%
2017-06-13	TICC	SQZ	y	7.33	7	80	7.03	-4.09%	1.23%
^*RS Rank on day before breakout.

12 Month Successful Breakout History

Top Rated Cup and Handle Stocks as of Friday June 16, 2017
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
CAI	22.00	201,546	CAI International - Inc.	Rental & Leasing Services	98	20.95
FSTR	20.15	69,903	L.B. Foster Company	Railroads	95	19.60
PNRA	314.67	831,916	Panera Bread Company	Specialty Eateries	94	314.57
NORD	32.70	863,300	Nord Anglia Education - Inc.	Education & Training Services	93	32.41
MOH	70.08	2,286,078	Molina Healthcare Inc	Health Care Plans	92	68.79
XCRA	10.00	1,482,681	Xcerra Corporation	Semiconductor Equipment & Materials	92	9.88
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts

Major Index Summary
Index	Value	Change Week	Change YTD	Trend¹
Dow	21384.3	0.53%	8.21%	Up
NASDAQ	6151.76	-0.9%	14.28%	Up
S&P 500	2433.15	0.06%	8.68%	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.

Best Performing Index
1 Week	13 Weeks	26 Weeks	Year-to-Date
Dow Jones	NASDAQ Composite 4.25 %	NASDAQ Composite 13.14 %	NASDAQ Composite 14.28 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Appliances	Appliances	Consumer Services	Consumer Services

Most Improved Industry (by change in technical rank²)
Small Tools & Accessories 70	Synthetics 61	Computers Wholesale 185	Computers Wholesale 180
Charts of each industry rank and performance over 12 months are available on the site

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