Breakoutwatch Weekly Summary 12/12/20

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Weekly Commentary
Cup and Handle Breakouts Average 8% Gain as Major Indexes Stall

The three major indexes closed the week with mild losses after setting new highs earlier in the week. Only the Russell 2000 closed higher with a 1% gain. Some of the selling could be attributed to rotation out of existing positions to invest in IPO's such as Airbnb (ABNB) which more than doubled in its IPO, and DoorDash (DASH) which surged 85%. There was also an offering of stock from Tesla (TSLA) which sold $5 billion of common stock. The markets were also disappointed by a continued stalemate over the Covid relief bill.
NASDAQ Chart
The cup and handle pattern watchlist again delivered the best return with 8 breakouts averaging an 8% gain.
Chart of the Week
PJT Partners Inc (PJT)

PJT partners is an investment bank. The chart shows 5 days of above average volumein the last 6 and even at its low point in the handle volume was still equal to the 50 day average.

PJT 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 12/07/20
List Breakouts Avg. Gain
CWH 16 8
SQZ 29 2.6
HTF 3 -3.44
HSB
0
DB 2 -2.72
Breakouts Detail for Week Beginning 12/07/20
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2020-12-07 GMDA CWH n 7.23 10.89 87 9.92 37.21% 54.91%
2020-12-10 TGTX CWH n 31.65 41.72 93 42.27 33.55% 40.54%
2020-12-10 ALPN CWH n 10.97 11.07 96 13 18.51% 32.91%
2020-12-07 ADPT SQZ y 47.79 53.34 84 56.05 17.28% 19.96%
2020-12-07 FREQ CWH n 29.66 29.87 88 34.09 14.94% 16.69%
2020-12-08 SURF SQZ y 8.33 8.92 95 9.47 13.69% 25.08%
2020-12-07 FOSL HTF n 12.20 12.4 95 13.29 8.93% 10.08%
2020-12-08 CHWY CWH n 78.50 79.15 93 85.11 8.42% 8.74%
2020-12-07 VRNS SQZ y 126.12 127.73 81 135.12 7.14% 7.33%
2020-12-08 VRNS SQZ y 127.74 132.75 82 135.12 5.78% 5.97%
2020-12-07 NVTA CWH y 53.57 54.19 96 56.6 5.66% 11.52%
2020-12-07 PJT SQZ y 72.01 74.24 82 75.99 5.53% 6.92%
2020-12-07 XLRN SQZ y 118.86 119.4 86 124.28 4.56% 5.49%
2020-12-08 CORT CWH n 24.22 24.32 87 25.32 4.54% 5%
2020-12-08 QDEL SQZ y 193.93 195.37 91 202.56 4.45% 5.18%
2020-12-10 CSSE CWH n 17.50 18.6 90 18.25 4.29% 9.89%
2020-12-08 XLRN SQZ y 119.41 121.36 86 124.28 4.08% 5%
2020-12-11 TBIO CWH n 24.24 25.09 93 25.09 3.51% 5.9%
2020-12-11 LPSN SQZ y 56.04 57.99 86 57.99 3.48% 3.53%
2020-12-08 INMB SQZ y 8.93 8.98 86 9.23 3.36% 6.38%
2020-12-10 AVYA CWH n 20.32 20.59 86 20.95 3.1% 3.59%
2020-12-10 SGEN DB n 185.80 186.55 79 191.175 2.89% 3.36%
2020-12-08 VCRA SQZ y 34.84 35.51 82 35.84 2.87% 5.17%
2020-12-11 QDEL SQZ y 197.10 202.56 90 202.56 2.77% 3.49%
2020-12-11 HZNP SQZ y 73.56 75.57 87 75.57 2.73% 3%
2020-12-10 TWLO CWH n 333.62 334.51 94 342.41 2.63% 3.71%
2020-12-09 XLRN SQZ y 121.37 121.48 86 124.28 2.4% 3.3%
2020-12-08 PJT SQZ y 74.25 74.62 84 75.99 2.34% 3.69%
2020-12-10 OCN SQZ y 26.06 26.37 99 26.55 1.88% 4.22%
2020-12-08 GDOT SQZ y 55.74 56.81 86 56.18 0.79% 5.85%
2020-12-11 EDUC SQZ y 16.02 16.14 93 16.14 0.75% 0.75%
2020-12-07 ATEC CWH y 11.51 11.89 93 11.59 0.7% 6.86%
2020-12-11 ARGX CWH n 292.58 294.51 84 294.51 0.66% 1.63%
2020-12-11 OCN SQZ y 26.38 26.55 99 26.55 0.64% 1.06%
2020-12-08 OSUR SQZ y 12.76 13.5 85 12.84 0.63% 6.82%
2020-12-08 EDUC SQZ y 16.04 16.06 94 16.14 0.62% 4.99%
2020-12-09 AAWW SQZ y 54.97 55.76 87 55.23 0.47% 3.17%
2020-12-10 NUS SQZ y 51.75 52.68 80 51.73 -0.04% 2.42%
2020-12-08 WTRE SQZ y 34.68 34.7 91 34.65 -0.09% 0.17%
2020-12-09 PACK CWH y 12.07 12.1 85 11.98 -0.75% 3.56%
2020-12-08 NLTX SQZ y 12.51 12.7 85 12.39 -0.96% 5.6%
2020-12-10 AAWW SQZ y 55.77 56.06 88 55.23 -0.97% 0.77%
2020-12-10 STMP SQZ y 201.48 203.02 80 196.61 -2.42% 2%
2020-12-09 ASTE CWH n 62.78 63.33 81 60.91 -2.98% 1.86%
2020-12-07 NVDA SQZ y 542.34 544.27 89 520.53 -4.02% 1.27%
2020-12-08 CSIQ SQZ y 39.72 39.96 91 37.95 -4.46% 2.22%
2020-12-09 GEF CWH n 51.27 51.76 80 48.17 -6.05% 2.11%
2020-12-07 AOSL HTF n 26.66 28.36 94 24.9 -6.6% 9.53%
2020-12-07 SWKS DB n 151.89 153.42 73 139.24 -8.33% 2.71%
2020-12-08 AXTI HTF n 10.44 10.82 96 9.12 -12.64% 11.59%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday December 11, 2020
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
MESO 17.39 795,962 Mesoblast Limited Biotechnology 91 16.96
ENLV 13.77 995,169 Enlivex Therapeutics Ltd. Biotechnology 90 10.15
GNMK 14.61 1,385,517 GenMark Diagnostics - Inc. Medical Devices 87 12.96
WPX 8.62 12,458,968 WPX Energy - Inc. Oil & Gas E&P 86 8.32
SSSS 13.24 847,419 SuRo Capital Corp. Asset Management 85 12.65
GE 11.49 165,203,788 General Electric Company Specialty Industrial Machinery 84 11.16
CDXS 19.30 531,339 Codexis - Inc. Biotechnology 83 17.55
TAST 7.48 662,373 Carrols Restaurant Group - Inc. Restaurants 83 6.83
INFY 16.09 14,426,948 Infosys Limited American Information Technology Services 83 15.74
XPER 19.91 1,237,210 Xperi Holding Corporation Semiconductor Equipment & Materials 81 19.53
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 30046.4
 -0.57% 5.28% Up
NASDAQ 12377.9
 -0.69% 37.95% Up
S&P 500 3663.46
 -0.96% 13.39% 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
Dow Jones NASDAQ Composite
14.05		 NASDAQ Composite
29.09		 NASDAQ Composite
37.95
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum
 Home Improvement Retail
 Silver
Most Improved Industry (by change in technical rank2)
Uranium
68		 Uranium
83		 Textile Manufacturing
118		 Textile Manufacturing
129
Charts of each industry rank and performance over 12 months are available on the site

 

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