Breakoutwatch Weekly Summary 11/28/20

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Weekly Commentary
79 breakouts as Indexes Set Record Highs

The NASDAQ gained 3% this week in shortened trading with the other major indexes close behind. There was plenty of good news to fuel the rally; notably the nomination of Janet Yellen to head Treasury, the release of funds for the transition and the prospects of near term distribution of Covid vaccines.

NASDAQ Chart
The newsletter will return to its more lengthy form next week.
Chart of the Week
Profound Medical Corp rose 1.9% on Friday on above average volume despite the shortened trading day that generally kept volumes low. The stock is 2.5% below the pivot point and could breakout in the coming days.

PROF Chart
New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 11/23/20
List Breakouts Avg. Gain
CWH 24 3.23
SQZ 54 8.03
HTF 1 4.17
HSB
0
DB
0
Breakouts Detail for Week Beginning 11/23/20
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2020-11-23 IDT SQZ y 9.52 11.9 84 13.21 38.76% 39.92%
2020-11-24 NVAX SQZ y 93.99 95.33 99 125.69 33.73% 40.44%
2020-11-25 NVAX SQZ y 95.34 102.6 99 125.69 31.83% 38.45%
2020-11-27 NK SQZ y 7.55 9.67 95 9.67 28.08% 29.14%
2020-11-23 ASPN SQZ y 11.68 12 88 14.92 27.74% 29.88%
2020-11-24 ASPN SQZ y 12.01 13.15 90 14.92 24.23% 26.31%
2020-11-27 NVAX SQZ y 102.61 125.69 99 125.69 22.49% 28.64%
2020-11-25 ALPN SQZ y 8.30 9.06 94 9.84 18.55% 22.05%
2020-11-23 XONE SQZ y 10.85 11.02 83 12.71 17.14% 21.11%
2020-11-23 TNP SQZ y 8.02 9.2 95 9.23 15.09% 20.82%
2020-11-23 MYOV CWH n 20.61 21.06 86 23.53 14.17% 14.8%
2020-11-25 ASPN SQZ y 13.16 14.86 92 14.92 13.37% 15.27%
2020-11-23 IGMS SQZ y 60.72 60.91 88 67.68 11.46% 11.46%
2020-11-23 LMPX SQZ y 25.76 27.71 96 28.64 11.18% 15.3%
2020-11-24 IGMS SQZ y 60.92 62.71 89 67.68 11.1% 11.1%
2020-11-25 VNET CWH n 27.05 29.96 93 29.99 10.87% 16.45%
2020-11-27 GRVY CWH n 148.00 162.46 98 162.46 9.77% 14.49%
2020-11-25 CSIQ SQZ y 40.63 42.9 94 44.17 8.71% 12.43%
2020-11-23 RUN SQZ y 61.45 63.79 98 66.75 8.62% 13%
2020-11-27 ALPN SQZ y 9.07 9.84 96 9.84 8.49% 11.69%
2020-11-25 EXPI SQZ y 50.03 51.98 98 54.15 8.24% 10.75%
2020-11-23 TLYS CWH n 8.27 8.46 82 8.9 7.62% 8.59%
2020-11-27 TXG SQZ y 140.85 150.67 92 150.67 6.97% 7.06%
2020-11-25 REGI SQZ y 58.15 59.38 95 61.87 6.4% 6.83%
2020-11-23 INFU CWH n 14.97 15.26 84 15.89 6.15% 6.88%
2020-11-24 UNFI SQZ y 17.05 18.02 85 18.06 5.92% 7.92%
2020-11-23 HZN CWH n 7.18 7.35 97 7.6 5.85% 10.72%
2020-11-27 PSNL SQZ y 26.25 27.77 95 27.77 5.79% 6.7%
2020-11-23 MORF CWH n 30.36 30.84 86 32.08 5.67% 13.5%
2020-11-27 JKS SQZ y 68.52 72.37 98 72.37 5.62% 11.79%
2020-11-24 FAT SQZ y 6.01 6.41 85 6.34 5.49% 15.09%
2020-11-23 LAD CWH n 286.94 293.06 93 302.48 5.42% 8.24%
2020-11-23 SPWH SQZ y 13.86 14.79 88 14.6 5.34% 9.6%
2020-11-23 HIBB SQZ y 42.65 43.05 94 44.89 5.25% 13.95%
2020-11-27 LAZY SQZ y 15.31 16.03 96 16.03 4.7% 8.36%
2020-11-27 XONE SQZ y 12.16 12.71 87 12.71 4.52% 8.06%
2020-11-27 NET HTF n 71.77 74.76 97 74.76 4.17% 4.4%
2020-11-27 LAC SQZ y 11.07 11.52 96 11.52 4.07% 12.74%
2020-11-25 LEU SQZ y 12.07 13.47 88 12.55 3.98% 14.5%
2020-11-23 MMSI SQZ y 52.71 54.59 83 54.8 3.97% 6.43%
2020-11-23 LBRT CWH n 9.92 10.05 84 10.3 3.83% 10.69%
2020-11-24 ONTO CWH n 43.30 44.58 80 44.85 3.58% 4.16%
2020-11-23 EQT SQZ y 14.73 15.41 87 15.25 3.53% 8.62%
2020-11-23 PRIM CWH n 24.13 24.87 81 24.92 3.27% 7.83%
2020-11-27 RDHL SQZ y 8.57 8.85 82 8.85 3.27% 5.02%
2020-11-25 TPTX SQZ y 104.59 106.05 92 108 3.26% 5.09%
2020-11-27 CSIQ SQZ y 42.91 44.17 95 44.17 2.94% 6.46%
2020-11-25 MGNX SQZ y 22.42 22.84 86 23.07 2.9% 4.91%
2020-11-27 PSTI SQZ y 9.32 9.58 90 9.58 2.79% 5.58%
2020-11-25 AMRK SQZ y 29.65 30.22 96 30.46 2.73% 3.29%
2020-11-27 SPWH SQZ y 14.25 14.6 88 14.6 2.46% 2.53%
2020-11-25 KB CWH n 42.66 43.39 83 43.61 2.23% 2.74%
2020-11-25 OCN SQZ y 23.54 23.56 99 24 1.95% 2.89%
2020-11-27 OCN SQZ y 23.57 24 99 24 1.82% 2.76%
2020-11-24 SF CWH n 70.99 72.59 80 72.21 1.72% 2.73%
2020-11-25 ALBO SQZ y 35.78 36.95 86 36.31 1.48% 6.11%
2020-11-23 AIRG SQZ y 13.30 13.47 80 13.49 1.43% 3.01%
2020-11-23 BSET SQZ y 16.34 17.42 92 16.57 1.41% 7.71%
2020-11-25 NGVC CWH n 15.00 16.51 80 15.19 1.27% 12.2%
2020-11-27 NLTX CWH n 13.29 13.45 85 13.45 1.2% 3.39%
2020-11-25 SCYX CWH n 6.69 6.81 98 6.75 0.9% 10.16%
2020-11-24 SIC CWH n 7.60 7.84 85 7.66 0.79% 5.13%
2020-11-27 AMRK SQZ y 30.23 30.46 96 30.46 0.76% 1.31%
2020-11-25 COUP CWH n 324.98 327.53 88 326.94 0.6% 2.25%
2020-11-27 BIG SQZ y 52.06 52.34 91 52.34 0.54% 2.31%
2020-11-27 TECK CWH n 15.92 16 84 16 0.5% 2.48%
2020-11-24 OPRT CWH n 17.58 18.4 81 17.65 0.4% 4.95%
2020-11-27 BBBY SQZ y 21.73 21.8 95 21.8 0.32% 1.7%
2020-11-23 LQDT SQZ y 9.55 9.62 90 9.57 0.21% 4.61%
2020-11-27 MTSI CWH n 44.70 44.78 85 44.78 0.18% 1.96%
2020-11-24 NAV SQZ y 43.98 44 85 44.06 0.18% 0.18%
2020-11-25 OMI SQZ y 25.12 25.13 97 24.91 -0.84% 2.44%
2020-11-24 EQT SQZ y 15.42 15.97 88 15.25 -1.1% 3.76%
2020-11-25 FAT SQZ y 6.42 6.75 90 6.34 -1.25% 7.74%
2020-11-24 WRK CWH n 44.65 45.43 85 44.06 -1.32% 2.08%
2020-11-25 LQDT SQZ y 9.77 9.9 90 9.57 -2.05% 2.25%
2020-11-25 ITCI SQZ y 25.52 25.59 88 24.98 -2.12% 2.16%
2020-11-24 SAH CWH n 43.86 45.05 81 42.36 -3.42% 3.65%
2020-11-24 FBNC CWH n 34.23 34.31 82 32.97 -3.68% 1.59%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday November 27, 2020
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
MRNS 16.27 1,423,804 Marinus Pharmaceuticals - Inc. Biotechnology 99 14.64
GNMK 14.45 1,467,530 GenMark Diagnostics - Inc. Medical Devices 93 12.95
LBRT 10.98 1,397,012 Liberty Oilfield Services Inc. Oil & Gas Equipment & Services 89 10.30
SDC 12.60 9,108,366 SmileDirectClub - Inc. Medical Devices 88 12.18
CENX 10.86 1,444,680 Century Aluminum Company Aluminum 87 10.40
PRTK 6.34 624,666 Paratek Pharmaceuticals - Inc. Biotechnology 87 6.20
TIGR 7.41 1,443,198 UP Fintech Holding Limited Capital Markets 86 6.24
OVID 6.43 852,740 Ovid Therapeutics Inc. Biotechnology 84 6.29
CRON 8.81 7,963,358 Cronos Group Inc. Drug Manufacturers - Specialty & Generic 84 8.47
MESO 17.39 859,509 Mesoblast Limited Biotechnology 83 14.93
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 29910.4
 2.21% 4.81% Up
NASDAQ 12205.8
 2.96% 36.03% Up
S&P 500 3638.35
 2.27% 12.62% 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.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite Dow Jones
4.36		 NASDAQ Composite
28.62		 NASDAQ Composite
36.03
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Solar
 Utilities - Renewable
 Grocery Stores
Most Improved Industry (by change in technical rank2)
Agricultural Inputs
50		 Aluminum
88		 Luxury Goods
119		 Luxury Goods
125
Charts of each industry rank and performance over 12 months are available on the site

 

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