Breakoutwatch Weekly Summary 10/26/19
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| Cup and Handle Breakouts Average
9.4% for Week This week produced some of the strongest breakout performances for some time as generally positive earnings reports sent all three major indexes higher. I'll look at the stronger performers in more detail below. The NASDAQ Composite on Friday closed just above the previous resistance level as shown by the horizontal line on the chart. the NASDAQ was the best performer of the week with a gain of 1.9%. The NASDAQ is now just 1% below its all time high set July 26.  Best Performing Breakouts
The best performing breakout was
MKSI from a cup and handle pattern which closed 13.2% above its
breakout price. However, the stock gapped up by 7% at the open
and was 8% above BoP by the time we issued an alert. There was
no indication in the chart the day before breakout that such a
strong breakout could be expected.
 Contrast that with the next highest
performer, PDFS. PDFS had very high volumes in the days before
breakout indicating that buyers were flooding into the stock,
and we issued an alert when the stock was just 1% above its
breakout price. Volume prior to breakout can be an indicator of
a strong breakout to come.
 |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 6 | 9.44 |
| SQZ | 3 | 4.67 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 2.87 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2019-10-24 | MKSI | CWH | n | 97.89 | 109.49 | 84 | 110.78 | 13.17% | 13.28% |
| 2019-10-21 | PDFS | CWH | n | 14.36 | 14.77 | 93 | 16.08 | 11.98% | 12.67% |
| 2019-10-24 | VC | CWH | n | 86.58 | 91.05 | 88 | 95.26 | 10.03% | 22.42% |
| 2019-10-25 | ROCK | CWH | n | 47.23 | 51.42 | 85 | 51.42 | 8.87% | 14.27% |
| 2019-10-21 | RDVT | CWH | n | 14.98 | 15.39 | 99 | 16.17 | 7.94% | 10.15% |
| 2019-10-25 | ALGT | SQZ | y | 154.39 | 166.18 | 86 | 166.18 | 7.64% | 9% |
| 2019-10-25 | POWI | SQZ | y | 88.77 | 93.18 | 90 | 93.18 | 4.97% | 8.81% |
| 2019-10-24 | AMAT | CWH | n | 53.25 | 55.07 | 90 | 55.72 | 4.64% | 4.86% |
| 2019-10-24 | ONCE | DB | n | 105.96 | 108.64 | 97 | 109 | 2.87% | 6.17% |
| 2019-10-24 | PEGI | SQZ | y | 27.36 | 27.74 | 94 | 27.74 | 1.39% | 2.67% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| CORT | 15.03 | 977,442 | Corcept Therapeutics Incorporated | Biotechnology | 90 | 14.48 |
| ZNGA | 6.35 | 26,681,756 | Zynga Inc. | Electronic Gaming & Multimedia | 88 | 6.16 |
| PSDO | 16.96 | 1,555,392 | Presidio - Inc. | Information Technology Services | 86 | 16.72 |
| SONO | 15.41 | 2,265,870 | Sonos - Inc. | Consumer Electronics | 83 | 12.81 |
| 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 | 26958.1 |
0.7% | 15.56% | Up |
| NASDAQ | 8243.12 |
1.9% | 24.23% | Up |
| S&P 500 | 3022.55 |
1.22% | 20.57% | 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 1.9 % |
S&P 500 -0.11 % |
S&P 500 2.81 % |
NASDAQ Composite 24.23 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Water Utilities |
Water Utilities |
Auto Dealerships |
Insurance Brokers |
| Regional - Northeast Banks 59 |
Personal Services 83 |
Drug Delivery 181 |
Drug Delivery 184 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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