Breakoutwatch Weekly Summary 03/10/18
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.
| NASDAQ Closes at New High The markets received at least two pieces of good news this week. The first was relief that steel and aluminum tariffs will not be immediately imposed on Canada and Mexico and other countries may get relief also. This was in contradiction to earlier statements that there would be no exemptions when the tariffs were first announced. The second was the Friday jobs report which showed strong employment growth and a fall in average hourly earnings, which will reduce inflationary pressure and possible slow the rate at which the Fed will raise interest rates. This allowed the NASDAQ to close at a new high on Friday with a gain of 4.2% for the week. Three accumulation days also allowed the number of breakouts to surge, especially from Volatility Squeeze situations.  |
| Average True Range added to
Technical Analysis Charts A new study was added to the Technical Analysis charts function which shows the "Average True Range" of prices for an individual stock. The image below shows how the add the ATR study to the chart and also shows the ATR on any given date (by moving your mouse over the candlesticks). The ATR range for the latest date is shown by default when the chart is generated. Our calculation of ATR uses a 14 day moving average. How you can use this to set trailing stops is shown in the Strategy Suggestions section.  |
|
Using ATR to Set
Trailing Stops
The recent dramatic increase in volatility has motivated me to look at an alternative method of setting trailing stops. "Average True Range" is a measure of average volatility over a 14 day period (in our chart). When a stock moves out of that range, either above or below it, then a possible breakout or breakdown has occurred. When a stock moves back inside the average true range, then it can be concluded that the strength of the breakout has subsided and it is time to close the position and move on to look for other breakouts. In the chart of CNAT, which broke out this week, we see that the latest ATR values are 5.47 - 6.44. CNET is trading above of its ATR so we conclude that the strength of the breakout is over if the price at the next session would fall to 6.44. If we set a trailing stop at that level then our gain so far will be somewhat protected (trailing stops always mean you will give up some of your profit if they are met). By checking the ATR values for our open positions each day, we can move our our trailing stop values up. Next week I'll present a more detailed analysis of examples of this method in practice. Our latest strategy suggestions are here. |
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 28 | 3.1 |
| SQZ | 68 | 3.65 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 7 | 1.47 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-03-06 | BZUN | CWH | y | 39.98 | 48.21 | 95 | 47.88 | 19.76% | 22.41% |
| 2018-03-05 | CNAT | SQZ | y | 6.13 | 6.75 | 88 | 7.27 | 18.6% | 28.71% |
| 2018-03-05 | KMG | SQZ | y | 59.47 | 59.71 | 82 | 70.04 | 17.77% | 9.65% |
| 2018-03-08 | RDNT | SQZ | y | 10.36 | 11 | 83 | 11.8 | 13.9% | 8.59% |
| 2018-03-08 | KMG | SQZ | y | 61.93 | 63.48 | 84 | 70.04 | 13.1% | 5.3% |
| 2018-03-05 | CCXI | SQZ | y | 10.81 | 10.86 | 95 | 12.19 | 12.77% | 7.68% |
| 2018-03-05 | MU | CWH | n | 49.46 | 52.03 | 93 | 54.59 | 10.37% | 12.15% |
| 2018-03-06 | HDP | SQZ | y | 18.96 | 20.11 | 87 | 20.67 | 9.02% | 8.54% |
| 2018-03-05 | SRI | SQZ | y | 23.21 | 23.61 | 85 | 25.3 | 9% | 6.59% |
| 2018-03-06 | CREE | CWH | n | 38.69 | 41.76 | 89 | 41.95 | 8.43% | 11.5% |
| 2018-03-06 | BLUE | SQZ | y | 215.51 | 219.35 | 97 | 231.95 | 7.63% | 7.47% |
| 2018-03-09 | RDNT | SQZ | y | 11.01 | 11.8 | 89 | 11.8 | 7.18% | 0.36% |
| 2018-03-05 | WIX | CWH | n | 77.85 | 79.65 | 86 | 82.45 | 5.91% | 6.62% |
| 2018-03-06 | BLKB | CWH | n | 105.20 | 106.4 | 81 | 111.25 | 5.75% | 5.32% |
| 2018-03-08 | KLXI | SQZ | y | 69.23 | 70.2 | 87 | 73.12 | 5.62% | 1.99% |
| 2018-03-06 | EVI | SQZ | y | 36.51 | 36.7 | 91 | 38.55 | 5.59% | 2.44% |
| 2018-03-05 | GWRE | CWH | n | 83.40 | 84.94 | 83 | 87.95 | 5.46% | 11.09% |
| 2018-03-09 | WYNN | SQZ | y | 179.12 | 188.89 | 88 | 188.89 | 5.45% | 2.95% |
| 2018-03-05 | MNTA | SQZ | y | 17.56 | 17.6 | 84 | 18.5 | 5.35% | 1.37% |
| 2018-03-09 | ALNY | SQZ | y | 126.75 | 133.02 | 94 | 133.02 | 4.95% | 1.08% |
| 2018-03-05 | XLRN | SQZ | y | 41.92 | 42.77 | 86 | 43.99 | 4.94% | 4.46% |
| 2018-03-06 | CONN | SQZ | y | 32.81 | 33.65 | 97 | 34.4 | 4.85% | 3.78% |
| 2018-03-09 | CONN | SQZ | y | 32.81 | 34.4 | 96 | 34.4 | 4.85% | 0.27% |
| 2018-03-09 | WING | SQZ | y | 45.92 | 48.12 | 90 | 48.12 | 4.79% | -0.41% |
| 2018-03-05 | CRCM | SQZ | y | 18.14 | 18.16 | 84 | 18.97 | 4.58% | 6.34% |
| 2018-03-05 | ACOR | SQZ | y | 24.53 | 25.85 | 82 | 25.65 | 4.57% | 6.93% |
| 2018-03-08 | SVVC | CWH | n | 11.00 | 11.46 | 88 | 11.49 | 4.45% | 5% |
| 2018-03-06 | AMAT | CWH | n | 58.99 | 59.99 | 86 | 61.61 | 4.44% | 2.02% |
| 2018-03-06 | GSVC | CWH | n | 8.42 | 8.45 | 93 | 8.79 | 4.39% | 9.98% |
| 2018-03-09 | BURL | SQZ | y | 122.87 | 128.07 | 81 | 128.07 | 4.23% | 0.3% |
| 2018-03-08 | STAA | SQZ | y | 15.31 | 15.4 | 84 | 15.95 | 4.18% | 2.55% |
| 2018-03-06 | PETS | SQZ | y | 44.88 | 45.73 | 90 | 46.75 | 4.17% | 7.66% |
| 2018-03-09 | KEM | SQZ | y | 18.85 | 19.63 | 86 | 19.63 | 4.14% | 0.69% |
| 2018-03-09 | KLXI | SQZ | y | 70.21 | 73.12 | 88 | 73.12 | 4.14% | 0.36% |
| 2018-03-08 | TGTX | CWH | n | 15.90 | 16.45 | 93 | 16.55 | 4.09% | 6.29% |
| 2018-03-05 | OPY | SQZ | y | 26.51 | 26.65 | 91 | 27.55 | 3.92% | 3.73% |
| 2018-03-05 | RVNC | SQZ | y | 31.31 | 31.9 | 87 | 32.45 | 3.64% | 6.52% |
| 2018-03-09 | STAA | SQZ | y | 15.41 | 15.95 | 86 | 15.95 | 3.5% | -2.34% |
| 2018-03-05 | ATI | SQZ | y | 26.67 | 27 | 90 | 27.58 | 3.41% | 5.36% |
| 2018-03-05 | PBF | SQZ | y | 30.84 | 30.96 | 84 | 31.89 | 3.4% | 4.67% |
| 2018-03-05 | SSNC | SQZ | y | 50.24 | 51.79 | 88 | 51.93 | 3.36% | 4.48% |
| 2018-03-09 | TTOO | CWH | n | 6.58 | 6.8 | 93 | 6.8 | 3.34% | -4.41% |
| 2018-03-09 | ESIO | SQZ | y | 19.15 | 19.78 | 96 | 19.78 | 3.29% | -0.26% |
| 2018-03-06 | FSS | CWH | n | 22.14 | 22.17 | 82 | 22.83 | 3.12% | 3.12% |
| 2018-03-06 | TBBK | SQZ | y | 10.65 | 10.79 | 93 | 10.96 | 2.91% | 3.76% |
| 2018-03-06 | DVAX | SQZ | y | 17.06 | 17.3 | 95 | 17.55 | 2.87% | 6.68% |
| 2018-03-09 | SHW | DB | n | 409.58 | 421.16 | 70 | 421.16 | 2.83% | -1.21% |
| 2018-03-09 | CVGI | SQZ | y | 10.71 | 11.01 | 88 | 11.01 | 2.8% | -0.56% |
| 2018-03-06 | FSLR | SQZ | y | 66.06 | 67.45 | 92 | 67.9 | 2.79% | 4.87% |
| 2018-03-05 | NRT | SQZ | y | 8.39 | 8.45 | 85 | 8.62 | 2.74% | 2.38% |
| 2018-03-06 | CACC | SQZ | y | 330.83 | 335.04 | 87 | 339.58 | 2.64% | 3.24% |
| 2018-03-06 | FLR | SQZ | y | 57.07 | 57.57 | 83 | 58.52 | 2.54% | 1.47% |
| 2018-03-09 | ALG | SQZ | y | 113.43 | 116.15 | 80 | 116.15 | 2.4% | -0.15% |
| 2018-03-09 | AMAT | CWH | n | 60.18 | 61.61 | 86 | 61.61 | 2.38% | -1.18% |
| 2018-03-08 | GWW | DB | n | 274.00 | 274.7 | 90 | 280.43 | 2.35% | 0.43% |
| 2018-03-05 | GAIA | CWH | n | 13.68 | 14 | 83 | 14 | 2.34% | 4.17% |
| 2018-03-06 | BIDU | CWH | n | 257.56 | 258.73 | 83 | 263.56 | 2.33% | 0.95% |
| 2018-03-08 | XLRN | SQZ | y | 42.99 | 43.25 | 88 | 43.99 | 2.33% | 1.47% |
| 2018-03-09 | PJT | SQZ | y | 48.61 | 49.68 | 81 | 49.68 | 2.2% | 0.25% |
| 2018-03-09 | GWW | SQZ | y | 274.71 | 280.43 | 90 | 280.43 | 2.08% | 0.17% |
| 2018-03-09 | SAIA | DB | y | 74.60 | 76.1 | 85 | 76.1 | 2.01% | -1.74% |
| 2018-03-09 | ITW | DB | y | 167.04 | 170.3 | 70 | 170.3 | 1.95% | -0.31% |
| 2018-03-05 | IMMU | SQZ | y | 16.97 | 17.39 | 97 | 17.3 | 1.94% | 6.54% |
| 2018-03-09 | ITCI | CWH | n | 22.98 | 23.39 | 94 | 23.39 | 1.78% | -3.48% |
| 2018-03-08 | MRVL | CWH | n | 23.95 | 24.32 | 85 | 24.34 | 1.63% | 1.96% |
| 2018-03-09 | CUTR | SQZ | y | 49.66 | 50.45 | 94 | 50.45 | 1.59% | -0.83% |
| 2018-03-08 | HRTG | SQZ | y | 17.29 | 17.6 | 85 | 17.55 | 1.5% | 5.84% |
| 2018-03-09 | HCA | SQZ | y | 102.36 | 103.9 | 82 | 103.9 | 1.5% | -0.17% |
| 2018-03-08 | HALO | CWH | n | 20.32 | 20.53 | 89 | 20.615 | 1.45% | 2.02% |
| 2018-03-09 | SORL | SQZ | y | 6.51 | 6.6 | 84 | 6.6 | 1.38% | 0.15% |
| 2018-03-09 | BIDU | CWH | n | 260.00 | 263.56 | 82 | 263.56 | 1.37% | -0.8% |
| 2018-03-09 | ESRX | SQZ | y | 79.73 | 80.75 | 81 | 80.75 | 1.28% | -0.09% |
| 2018-03-09 | CAR | CWH | n | 47.07 | 47.67 | 91 | 47.67 | 1.27% | -1.91% |
| 2018-03-06 | AWI | SQZ | y | 60.61 | 61.15 | 80 | 61.25 | 1.06% | 1.63% |
| 2018-03-09 | VNDA | CWH | n | 19.70 | 19.9 | 87 | 19.9 | 1.02% | -2.03% |
| 2018-03-05 | EWBC | SQZ | y | 67.50 | 68.09 | 80 | 68.13 | 0.93% | 2.56% |
| 2018-03-06 | OSTK | SQZ | y | 60.56 | 61.15 | 98 | 61.1 | 0.89% | 4.77% |
| 2018-03-09 | TXRH | SQZ | y | 57.84 | 58.35 | 81 | 58.35 | 0.88% | -0.76% |
| 2018-03-05 | BBY | SQZ | y | 73.21 | 75.06 | 90 | 73.82 | 0.83% | 5.61% |
| 2018-03-09 | BKI | SQZ | y | 48.16 | 48.5 | 99 | 48.5 | 0.71% | -0.54% |
| 2018-03-09 | CASH | SQZ | y | 112.31 | 113 | 88 | 113 | 0.61% | -0.41% |
| 2018-03-09 | OPY | SQZ | y | 27.41 | 27.55 | 91 | 27.55 | 0.51% | -0.4% |
| 2018-03-09 | DPS | SQZ | y | 117.36 | 117.95 | 85 | 117.95 | 0.5% | -0.48% |
| 2018-03-09 | AIT | DB | n | 74.25 | 74.55 | 78 | 74.55 | 0.4% | -1.89% |
| 2018-03-08 | LVS | DB | n | 76.17 | 76.62 | 76 | 76.47 | 0.39% | 1.29% |
| 2018-03-09 | MPWR | DB | n | 124.44 | 124.87 | 75 | 124.87 | 0.35% | -2.89% |
| 2018-03-06 | FLXN | CWH | n | 26.65 | 26.99 | 80 | 26.73 | 0.3% | 3.75% |
| 2018-03-06 | DST | SQZ | y | 83.44 | 83.61 | 92 | 83.68 | 0.29% | 0.31% |
| 2018-03-09 | HAYN | CWH | n | 43.94 | 44.03 | 86 | 44.03 | 0.2% | -1.91% |
| 2018-03-09 | ALGT | SQZ | y | 174.01 | 174.3 | 83 | 174.3 | 0.17% | -3.13% |
| 2018-03-09 | ICFI | CWH | n | 61.25 | 61.3 | 81 | 61.3 | 0.08% | -3.22% |
| 2018-03-05 | GNK | CWH | n | 14.78 | 14.85 | 84 | 14.79 | 0.07% | 2.77% |
| 2018-03-06 | EWBC | SQZ | y | 68.10 | 69.07 | 81 | 68.13 | 0.04% | 1.66% |
| 2018-03-09 | CALD | SQZ | y | 35.94 | 35.95 | 93 | 35.95 | 0.03% | -0.11% |
| 2018-03-09 | VR | SQZ | y | 67.68 | 67.7 | 91 | 67.7 | 0.03% | -0.01% |
| 2018-03-05 | SLP | SQZ | y | 16.01 | 16.08 | 81 | 16 | -0.06% | 3.06% |
| 2018-03-06 | AAN | CWH | n | 48.00 | 48.04 | 87 | 47.96 | -0.08% | 1.52% |
| 2018-03-05 | FIVE | SQZ | y | 68.67 | 69.7 | 90 | 68.58 | -0.13% | 4.25% |
| 2018-03-06 | BBY | SQZ | y | 75.07 | 76.77 | 90 | 73.82 | -1.67% | 3% |
| 2018-03-06 | RUN | CWH | n | 7.30 | 7.43 | 86 | 7.15 | -2.05% | 1.92% |
| 2018-03-05 | VNOM | SQZ | y | 23.35 | 23.4 | 86 | 22.8 | -2.36% | 1.28% |
| 2018-03-05 | LBC | SQZ | y | 13.13 | 13.15 | 99 | 12.81 | -2.44% | 0.91% |
| 2018-03-05 | CF | CWH | n | 44.48 | 44.56 | 89 | 41.5 | -6.7% | 1.17% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| VHI | 6.63 | 264,720 | Valhi - Inc. Common Stock | Chemicals - Major Diversified | 97 | 6.55 |
| DAVE | 8.15 | 108,495 | Famous Dave's of America, Inc. | Restaurants | 94 | 7.35 |
| 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 | 25335.7 |
3.25% | 2.49% | Up |
| NASDAQ | 7560.81 |
4.17% | 9.52% | Up |
| S&P 500 | 2786.57 |
3.54% | 4.22% | 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 |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 10.54 % |
NASDAQ Composite 18.88 % |
NASDAQ Composite 9.52 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Drug Related Products |
Drug Related Products |
Auto Parts Wholesale |
Resorts & Casinos |
| Manufactured Housing 213 |
Manufactured Housing 213 |
Manufactured Housing 213 |
Medical Practitioners 215 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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