Breakoutwatch Weekly Summary 08/18/18
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| Cup and Handel Breakouts Delivered
an Average 10% Gain this Week The NASDAQ was the only index to lose ground (-0.3%) this week as "The top-weighted technology sector underperformed, shedding 0.2%, but remains 2018's top-performing group with a year-to-date gain of 15.6%" (Briefing.com). A glance at the three month daily chart below shows that when pulling back, the NASDAQ finds support at the 50 day moving average, which was the case on Wednesday and Friday.  |
While the large cap technology stocks may have depressed the index, 6 of our 9 breakouts were NASDAQ stocks this week delivering an average return of 7.8%. As usual, Cup and Handle pattern stocks delivered the best gains with an overall average of 9.7%.
| Date | Symbol | Pattern | Exchange | Gain |
| 13/08/2018 | NANO | CWH | NASDAQ | −3.53% |
| 13/08/2018 | EHTH | CWH | NASDAQ | 18.00% |
| 14/08/2018 | CRMT | CWH | NASDAQ | 25.75% |
| 15/08/2018 | ABCD | CWH | NASDAQ | 5.48% |
| 17/08/2018 | CYBE | SQZ | NASDAQ | 4.41% |
| 13/08/2018 | CASI | SQZ | NASDAQ | −3.42% |
| Average | 7.78% |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 5 | 9.7 |
| SQZ | 4 | 1.33 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 3.33 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-08-14 | CRMT | CWH | n | 64.85 | 65.2 | 91 | 81.55 | 25.75% | 15.5% |
| 2018-08-13 | EHTH | CWH | n | 25.45 | 27.7 | 89 | 30.03 | 18% | 17.45% |
| 2018-08-15 | ABCD | CWH | n | 12.40 | 12.91 | 95 | 13.08 | 5.48% | 4.19% |
| 2018-08-17 | CYBE | SQZ | y | 19.06 | 19.9 | 82 | 19.9 | 4.41% | -1.36% |
| 2018-08-16 | TISI | SQZ | y | 23.46 | 24.25 | 93 | 24.45 | 4.22% | 1.88% |
| 2018-08-16 | EGN | DB | y | 74.25 | 76.62 | 89 | 76.72 | 3.33% | 2.25% |
| 2018-08-17 | RYAM | CWH | n | 20.32 | 20.89 | 81 | 20.89 | 2.81% | -0.74% |
| 2018-08-17 | EGN | SQZ | y | 76.63 | 76.72 | 90 | 76.72 | 0.12% | -0.93% |
| 2018-08-13 | CASI | SQZ | y | 7.90 | 8.08 | 99 | 7.63 | -3.42% | 0.25% |
| 2018-08-13 | NANO | CWH | n | 41.88 | 45.17 | 92 | 40.4 | -3.53% | 8.45% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| MOV | 50.62 | 233,066 | Movado Group Inc. Common Stock | Recreational Goods - Other | 94 | 49.60 |
| JYNT | 8.73 | 95,236 | The Joint Corp. - Common Stock | Hospitals | 94 | 8.72 |
| 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 | 25669.3 |
1.41% | 3.84% | Up |
| NASDAQ | 7816.33 |
-0.29% | 13.22% | Up |
| S&P 500 | 2850.13 |
0.59% | 6.6% | 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 6.28 % |
NASDAQ Composite 7.97 % |
NASDAQ Composite 13.22 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Internet Service Providers |
Auto Parts Stores |
Recreational Goods - Other |
Home Health Care |
| Recreational Vehicles 117 |
Tobacco Products - Other 201 |
REIT - Healthcare Facilities 184 |
REIT - Healthcare Facilities 194 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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