Breakoutwatch Weekly Summary 02/17/18
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 Remain Negative Although the major indexes recovered this week, they did so on volumes that were well below the 50 day average, indicating that some of the enthusiasm has gone out of the markets and our market trend signals remain negative for each of the major indexes. The NASDAQ outperformed the DJI and S&P 500 with a 5.3% gain for the week but closed on Friday for a slight loss after strong morning trading. The recent sharp downturn has greatly reduced the number of stocks meeting our pattern algorithms and the number of breakouts is reduced as a consequence. Those breakouts that did occur generally performed well as our breakout summary table below shows. Nevertheless, I believe caution is appropriate until our trend indicators turn positive.  |
| No new features this week.
|
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 3 | 7.33 |
| SQZ | 8 | 6.18 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 2 | 0.91 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-02-15 | WBAI | SQZ | y | 13.16 | 15.52 | 85 | 15.52 | 17.93% | 19.38% |
| 2018-02-12 | QURE | CWH | n | 20.97 | 22.32 | 98 | 24.59 | 17.26% | 21.36% |
| 2018-02-12 | HLG | SQZ | y | 51.20 | 53.01 | 99 | 57.46 | 12.23% | 12.66% |
| 2018-02-12 | ZGNX | SQZ | y | 37.76 | 38.1 | 98 | 41.35 | 9.51% | 10.43% |
| 2018-02-15 | HCC | SQZ | y | 30.94 | 32 | 97 | 32 | 3.43% | 5.56% |
| 2018-02-12 | FRPT | SQZ | y | 18.76 | 18.88 | 88 | 19.4 | 3.41% | 4.48% |
| 2018-02-15 | RHT | CWH | n | 135.77 | 140.07 | 89 | 140.07 | 3.17% | 3.4% |
| 2018-02-15 | KELYA | SQZ | y | 29.28 | 29.74 | 82 | 29.74 | 1.57% | 1.61% |
| 2018-02-15 | MKSI | CWH | y | 109.40 | 111.1 | 86 | 111.1 | 1.55% | 2.1% |
| 2018-02-15 | LYV | DB | n | 46.08 | 46.75 | 81 | 46.75 | 1.45% | 2.11% |
| 2018-02-15 | WATT | SQZ | y | 20.17 | 20.36 | 96 | 20.36 | 0.94% | 3.62% |
| 2018-02-15 | URBN | SQZ | y | 35.91 | 36.07 | 94 | 36.07 | 0.45% | 1.34% |
| 2018-02-12 | RGS | DB | n | 16.24 | 16.85 | 90 | 16.3 | 0.37% | 4.37% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| CYRX | 9.26 | 151,436 | CryoPort - Inc. - Common Stock | Packaging & Containers | 96 | 8.39 |
| USAT | 9.95 | 842,220 | USA Technologies - Inc. - Common Stock | Technical & System Software | 94 | 8.75 |
| 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 | 25219.4 |
4.25% | 2.02% | Down |
| NASDAQ | 7239.47 |
5.31% | 4.87% | Down |
| S&P 500 | 2732.22 |
4.3% | 2.19% | Down |
|
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 |
|---|---|---|---|
| NASDAQ Composite |
Dow Jones 6.73 % |
NASDAQ Composite 16.46 % |
NASDAQ Composite 4.87 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Resorts & Casinos |
Auto Parts Wholesale |
Auto Parts Wholesale |
Resorts & Casinos |
| Toy & Hobby Stores 201 |
Toy & Hobby Stores 202 |
Toy & Hobby Stores 207 |
Medical Practitioners 215 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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