Breakoutwatch Weekly Summary 04/10/21

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Weekly Commentary
65 Breakouts Last Week as NASDAQ Outperforms the DJI and S&P 500

The NASDAQ gained 3.1% this week outperforming the DJI (2.0) and S&P 500(2.7%). For the year, however, the DJI is leading with a gain of 10.4% while the NASDAQ, suffering from a fear that the mega caps are over extended, has gained just 7.9%. Both the DJI and S&P 500 set new highs during the week while the NASDAQ could soon face resistance as it approaches February's high.

The week began strongly following the jobs report released while markets were closed on Good Friday. Other factors contributing to the bullish mood were a lowering in inflation fears as the 10 year yield fell 4 points; an increase in the ISM index indicating the economy is strengthening.

NASDAQ Chart
Volatility Squeeze breakouts dominated the week as volatility had reduced during the period of consolidation that ended with this weeks moves higher.
Chart of the Week
Freshpet Inc. (FRPT)

Freshpet is on our list of stocks likely to breakout on Monday (this list is published daily in our daily Report sent to subscribers). The handle shows the typical behavior of a stock ready to move above the pivot. There was profit taking after those who had held on during the cup low recouped some losses and then the stock moved up over the last 2 days.
FRPT 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 04/05/21
List Breakouts Avg. Gain
CWH 6 1.77
SQZ 55 3.22
HTF 1 2.59
HSB
0
DB 4 5.41
Breakouts Detail for Week Beginning 04/05/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-04-06 NTZ SQZ y 12.51 15 99 16.4 31.1% 35.89%
2021-04-05 HYRE SQZ y 10.11 10.31 97 12.16 20.28% 22.65%
2021-04-07 HYRE SQZ y 10.75 57.38 98 12.16 13.12% 15.35%
2021-04-05 BXC SQZ y 40.43 42.41 97 45.66 12.94% 13.68%
2021-04-05 BOOT SQZ y 61.81 62.92 94 68.74 11.21% 12.25%
2021-04-05 JMP SQZ y 6.09 6.4 88 6.72 10.34% 10.34%
2021-04-05 BSIG SQZ y 20.80 20.86 82 22.93 10.24% 12.5%
2021-04-07 BNSO CWH n 7.59 9.89 87 8.27 8.96% 67.32%
2021-04-07 WLL SQZ y 32.98 57.38 99 35.66 8.13% 10.52%
2021-04-07 LIVE SQZ y 25.91 57.38 93 28 8.07% 11.35%
2021-04-07 RELL SQZ y 7.00 57.38 81 7.56 8% 14.29%
2021-04-08 BSIG CWH n 21.28 22.55 83 22.93 7.75% 9.96%
2021-04-06 BXC SQZ y 42.42 43.13 98 45.66 7.64% 8.35%
2021-04-05 QTRX SQZ y 61.46 62.88 87 66.12 7.58% 11.98%
2021-04-09 CSSE DB n 30.50 32.57 94 32.57 6.79% 6.79%
2021-04-07 JAN SQZ y 8.87 57.38 94 9.46 6.65% 8.15%
2021-04-07 BXC SQZ y 43.14 43.29 98 45.66 5.84% 6.54%
2021-04-09 HYRE SQZ y 11.52 12.16 98 12.16 5.56% 7.64%
2021-04-07 UMC SQZ y 8.92 57.38 91 9.4 5.38% 7.62%
2021-04-05 CELH DB n 50.89 51.91 98 53.54 5.21% 7.45%
2021-04-05 BRKS DB n 91.10 98.36 86 95.7 5.05% 11.56%
2021-04-09 WLL SQZ y 33.95 35.66 99 35.66 5.04% 7.36%
2021-04-09 PRTS SQZ y 15.64 16.4 96 16.4 4.86% 5.75%
2021-04-09 ASIX SQZ y 27.29 28.57 87 28.57 4.69% 4.87%
2021-04-08 ALGN DB n 566.65 575.75 86 592.56 4.57% 4.65%
2021-04-09 BOOT SQZ y 65.78 68.74 94 68.74 4.5% 5.47%
2021-04-05 ESTA SQZ y 66.11 67.45 96 68.98 4.34% 11.15%
2021-04-06 PRPL SQZ y 32.65 33 93 34.01 4.17% 4.38%
2021-04-09 BXC CWH n 43.85 45.66 97 45.66 4.13% 4.81%
2021-04-09 DDS SQZ y 96.21 100.17 95 100.17 4.12% 4.55%
2021-04-09 LIVE SQZ y 27.11 28 95 28 3.28% 6.42%
2021-04-05 LEE HTF n 27.77 29.56 99 28.49 2.59% 12.5%
2021-04-06 ESTA SQZ y 67.46 71.31 97 68.98 2.25% 8.92%
2021-04-07 SCU SQZ y 22.01 57.38 82 22.49 2.18% 3.04%
2021-04-05 DKL SQZ y 36.98 37.61 89 37.73 2.03% 4.65%
2021-04-07 CRTO SQZ y 35.37 35.63 95 35.94 1.61% 4.24%
2021-04-07 DKL SQZ y 37.19 38.48 90 37.73 1.45% 3.95%
2021-04-08 CPLG SQZ y 9.36 9.5 89 9.49 1.39% 2.24%
2021-04-09 ASX SQZ y 7.98 8.08 80 8.08 1.25% 1.5%
2021-04-09 ACTG SQZ y 6.48 6.56 87 6.56 1.23% 2.01%
2021-04-07 PSEC SQZ y 7.91 57.38 81 8 1.14% 1.64%
2021-04-06 CRC SQZ y 24.01 24.12 99 24.25 1% 2.08%
2021-04-09 CMA SQZ y 71.00 71.49 83 71.49 0.69% 1.78%
2021-04-07 TA SQZ y 27.62 57.38 80 27.8 0.65% 1.81%
2021-04-07 CRC SQZ y 24.13 24.14 99 24.25 0.5% 1.57%
2021-04-09 CMD CWH n 83.50 83.76 81 83.76 0.31% 0.56%
2021-04-05 RGS SQZ y 12.83 13.15 82 12.87 0.31% 6.24%
2021-04-06 GWPH SQZ y 217.60 217.65 89 217.93 0.15% 0.18%
2021-04-09 SCU SQZ y 22.46 22.49 80 22.49 0.13% 0.98%
2021-04-09 PTVCB SQZ y 23.02 23.05 81 23.05 0.13% 0.13%
2021-04-09 NEXA SQZ y 10.47 10.48 86 10.48 0.1% 1.62%
2021-04-07 OCN SQZ y 28.01 57.38 99 27.89 -0.43% 2.14%
2021-04-05 TMHC CWH n 31.85 32.48 82 31.64 -0.66% 2.61%
2021-04-07 OIIM SQZ y 8.05 57.38 96 7.99 -0.75% 1.86%
2021-04-07 ATI SQZ y 22.35 22.4 87 22.09 -1.16% 2.1%
2021-04-07 RGS SQZ y 13.05 57.38 84 12.87 -1.38% 0.38%
2021-04-07 CHUY SQZ y 46.38 47.14 95 45.56 -1.77% 2.74%
2021-04-06 GTHX SQZ y 26.20 26.32 82 25.57 -2.4% 1.87%
2021-04-07 MXC SQZ y 8.34 57.38 89 8.09 -3% 2.28%
2021-04-05 CAI SQZ y 45.56 46.19 90 43.81 -3.84% 5.22%
2021-04-05 GBX SQZ y 48.15 48.25 85 45.86 -4.76% 2.1%
2021-04-07 FRHC SQZ y 56.32 57.38 92 53.59 -4.85% 3.16%
2021-04-05 PACB SQZ y 33.83 34.53 98 32.16 -4.94% 8.63%
2021-04-05 BCYC SQZ y 30.49 30.54 83 28.38 -6.92% 8.89%
2021-04-08 BCYC CWH y 31.50 32.28 86 28.38 -9.9% 5.4%
2021-04-05 AKTS SQZ y 14.01 14.08 81 12.37 -11.71% 2.64%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday April 09, 2021
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
CRIS 13.00 2,932,340 Curis - Inc. Biotechnology 99 11.50
GSL 17.85 790,896 Global Ship Lease Inc Marine Shipping 92 13.29
HBM 8.28 2,039,030 Hudbay Minerals Inc. Copper 90 7.88
ENBL 7.42 2,346,366 Enable Midstream Partners - LP Oil & Gas Midstream 85 6.90
LPL 11.37 1,095,567 LG Display Co - Ltd AMERIC Consumer Electronics 84 11.23
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 33800.6
1.95% 10.44% Up
NASDAQ 13900.2
3.12% 7.85% Up
S&P 500 4128.8
2.71% 9.92% 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
5.29
NASDAQ Composite
20.04
Dow Jones
10.44
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Uranium
Luxury Goods
Home Improvement Retail

Most Improved Industry (by change in technical rank2)
Oil & Gas Drilling
47
Beverages - Wineries & Distilleries
67
Oil & Gas E&P
98
REIT - Hotel & Motel
127
Charts of each industry rank and performance over 12 months are available on the site

 

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