Breakoutwatch Weekly Summary 07/28/18
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.
| Technology Stocks Under Pressure;
Rare DB and Volatility Squeeze Breakout Despite setting a new high on Wednesday following the White House's announcement of a trade deal with the EU, the NASDAQ closed the week with a 1.1% loss. There were two distribution days (Tuesday and Thursday) and surprisingly heavy selling volume on Friday, which during the summer is usually the lowest volume day. Facebook and Twitter were the biggest contributors to the loss with losses of 19% and 20% respectively.  The best performer this week
(UNP) came from an unusual combination of Double Bottom and
Volatility squeeze. The double Bottom (DB) pattern is shown
with the squeeze with accelerating momentum on the chart
below. A Volatility Squeeze occurs when The Bollinger Band (a
measure of volatility) falls within the Keltner Channel. We
will only show a stock to be in a volatility squeeze if the
squeeze is also accompanied by rising momentum as this may
indicate an imminent breakout. Note also that the breakout was
preceded by an accumulation day (higher close on increasing
volume).
You can learn about our methodology for identifying Volatility Squeeze candidates here.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 7 | -0.96 |
| SQZ | 1 | -2.08 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 2 | 3.82 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-07-23 | UNP | DB | y | 143.01 | 144.85 | 75 | 148.56 | 3.88% | 2.79% |
| 2018-07-23 | STI | DB | n | 70.04 | 72.58 | 73 | 72.67 | 3.75% | 3.38% |
| 2018-07-23 | TSS | CWH | n | 90.02 | 91.3 | 80 | 93.15 | 3.48% | 4.11% |
| 2018-07-26 | CTXS | CWH | n | 109.62 | 113.01 | 82 | 112.05 | 2.22% | 1.72% |
| 2018-07-27 | CMG | CWH | n | 464.08 | 472.3 | 86 | 472.3 | 1.77% | 0.32% |
| 2018-07-25 | RYI | SQZ | y | 12.51 | 12.7 | 85 | 12.25 | -2.08% | -1.28% |
| 2018-07-23 | PYPL | CWH | n | 87.68 | 89.24 | 81 | 85.46 | -2.53% | 3.8% |
| 2018-07-26 | NOW | CWH | n | 190.50 | 192.32 | 89 | 183.95 | -3.44% | -4.72% |
| 2018-07-24 | EHTH | CWH | n | 24.14 | 24.28 | 89 | 23.16 | -4.06% | -1.57% |
| 2018-07-26 | TSCO | CWH | n | 79.57 | 80.36 | 86 | 76.25 | -4.17% | -0.99% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| AMEH | 27.20 | 128,436 | Apollo Medical Holdings - Inc. - Common Stock | Specialized Health Services | 97 | 24.78 |
| 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 | 25451.1 |
1.57% | 2.96% | Up |
| NASDAQ | 7737.42 |
-1.06% | 12.08% | Up |
| S&P 500 | 2818.82 |
0.61% | 5.43% | 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 |
|---|---|---|---|
| Dow Jones |
NASDAQ Composite 8.67 % |
NASDAQ Composite 3.09 % |
NASDAQ Composite 12.08 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Auto Parts Stores |
Home Health Care |
Manufactured Housing |
Home Health Care |
| Copper 115 |
Industrial Equipment & Components 99 |
Long Distance Carriers 169 |
Manufactured Housing 202 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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