Breakoutwatch Weekly Summary 04/25/20
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 Trends Still Positive
Despite Major Index Retreat The NASDAQ Composite gave up just 0.2% this week while the Dow and S&P 500 lost 1.9% and 1.3% respectively. Market action was mostly dominated by wild fluctuations in oil prices which were briefly negative on Monday. The NASDAQ trended up for the rest of the week and finished by forming a handle in a cup and handle pattern. The President signed a new $484 billion aid package for small businesses, hospitals, and COVID-19 testing on Friday.  The number of breakouts were constrained to 6 from the cup and handle pattern watchlist and 2 from the Volatility Squeeze pattern. |
Intel finished the
week strongly on Friday, closing above the day's low on
significantly higher volume. This could potentially move higher
on Monday. |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 6 | 4.93 |
| SQZ | 2 | 0.84 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2020-04-23 | WST | CWH | n | 172.52 | 187.42 | 94 | 195.54 | 13.34% | 13.75% |
| 2020-04-24 | GBT | CWH | n | 76.34 | 80.29 | 92 | 80.29 | 5.17% | 6.81% |
| 2020-04-24 | QURE | CWH | n | 58.99 | 61.7 | 84 | 61.7 | 4.59% | 10.02% |
| 2020-04-24 | EBS | CWH | n | 70.91 | 73.3 | 94 | 73.3 | 3.37% | 4.36% |
| 2020-04-24 | DL | SQZ | y | 7.23 | 7.4 | 88 | 7.4 | 2.35% | 4.15% |
| 2020-04-24 | CRWD | CWH | n | 70.50 | 72 | 90 | 72 | 2.13% | 5.89% |
| 2020-04-22 | AKTS | CWH | n | 8.11 | 8.37 | 82 | 8.19 | 0.99% | 6.41% |
| 2020-04-22 | GO | SQZ | y | 35.12 | 35.15 | 85 | 34.88 | -0.68% | 5.81% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| AUPH | 17.00 | 2,349,960 | Aurinia Pharmaceuticals Inc - Common Shares | Biotechnology | 98 | 16.08 |
| NPTN | 9.36 | 1,268,366 | NeoPhotonics Corporation Common Stock | Semiconductors | 94 | 8.78 |
| MEET | 6.25 | 5,198,199 | The Meet Group - Inc. - Common Stock | Internet Content & Information | 94 | 6.17 |
| VSTO | 9.80 | 1,252,608 | Vista Outdoor Inc. Common Stock | Leisure | 94 | 9.56 |
| DEAC | 18.77 | 3,249,723 | Diamond Eagle Acquisition Corp. - Class A Common S | Shell Companies | 93 | 17.53 |
| DHT | 8.68 | 8,094,836 | DHT Holdings - Inc. | Oil & Gas Midstream | 93 | 7.72 |
| CRK | 8.48 | 696,609 | Comstock Resources - Inc. Common Stock | Oil & Gas E&P | 91 | 7.66 |
| YI | 7.71 | 659,532 | 111 - Inc. - American Depositary Shares | Health Information Services | 90 | 6.50 |
| EURN | 12.41 | 4,415,106 | Euronav NV Ordinary Shares | Oil & Gas Midstream | 90 | 11.30 |
| FRO | 11.55 | 5,887,176 | Frontline Ltd. Ordinary Shares | Oil & Gas Midstream | 90 | 10.60 |
| 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 | 23775.3 |
-1.93% | -16.69% | Up |
| NASDAQ | 8634.52 |
-0.18% | -3.77% | Up |
| S&P 500 | 2836.74 |
-1.32% | -12.2% | 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 -7.3 |
NASDAQ Composite 4.75 |
NASDAQ Composite -3.77 |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Shell Companies |
Shell Companies |
| Uranium 43 |
Uranium 100 |
Grocery Stores 195 |
Gold 196 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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