Breakoutwatch Weekly Summary 04/24/21

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New To Newsweek Readers: CwH Stocks Likely to Close above BoP at Next Session (see below).

Weekly Commentary
Market Consolidation Creates Many Breakout Opportunities

Prior to this week's open, the NASDAQ had risen 8.2% since it's last dip on March 25 and at it's high on April 16, was well above the Average True Range as the chart shows. Consequently, we saw some profit taking as the market consolidated and the NASDAQ closed down 0.25% for the week. Notably, the index reverted to the recent 'buy the dip' mentality after Wednesday's slide on the news that capital gains tax would rise for millionaires. The index closed the week with a strong 1.4% rally.
NASDAQ Chart
The pull back at the beginning of the week created several short handles for the cup and handle pattern with the result that there was in increase, to 14, in cup and handle breakouts generating an average gain of 3.8%. Volatility Squeeze situations were also in abundance creating 107 breakouts at an average gain of 2.5%.
Chart of the Week
Last week's Chart of the Week, HYRE, broke out on Wednesday and gained 9.7% by Friday's close. Unfortunately, it did not appear on Tuesday's CWH watchlist, as it no longer met our criteria for that pattern.

Lazydays Holdings, INC. (LAZY)
Lazydays Holdings, Inc. operates recreation vehicle (RV) dealerships under the Lazydays name in the United States. It provides RV sales, RV parts and services, after-market parts and accessories, and RV camping facilities. The stock rose to a pivot on April 14 after 5 days of substantial above average volume. Profit taking then set up a classic handle  with a move up the right side of the handle on above average volume

LAZY 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 04/19/21
List Breakouts Avg. Gain
CWH 14 3.78
SQZ 107 2.54
HTF 2 2.38
HSB
0
DB 10 2.71
Breakouts Detail for Week Beginning 04/19/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-04-22 DQ SQZ y 74.90 85.6 98 89.51 19.51% 19.89%
2021-04-19 HEAR SQZ y 25.63 25.73 86 29.38 14.63% 16.5%
2021-04-21 STAA CWH n 120.25 128.84 92 133.8 11.27% 12.27%
2021-04-19 CBNK SQZ y 20.65 21.88 86 22.77 10.27% 11.23%
2021-04-19 LTHM SQZ y 16.61 17.59 84 18.19 9.51% 11.5%
2021-04-21 SWAV CWH n 146.07 153.48 94 159.38 9.11% 11.3%
2021-04-22 CDLX SQZ y 119.67 124.54 82 129.85 8.51% 10.2%
2021-04-19 PLT SQZ y 37.73 37.95 92 40.71 7.9% 9.2%
2021-04-22 ENPH SQZ y 155.09 160.88 92 166.97 7.66% 8.49%
2021-04-21 DDS SQZ y 93.70 98.13 96 100.85 7.63% 9.27%
2021-04-23 COTY SQZ y 9.21 9.91 91 9.91 7.6% 10.31%
2021-04-21 CCRN SQZ y 12.68 12.98 88 13.63 7.49% 9.45%
2021-04-22 ACBI SQZ y 24.55 24.59 89 26.22 6.8% 10.88%
2021-04-22 LPL CWH n 11.37 11.64 84 12.12 6.6% 6.95%
2021-04-22 RELL CWH n 8.00 8.04 84 8.52 6.5% 8.88%
2021-04-22 SBOW SQZ y 8.54 9.15 89 9.09 6.44% 10.54%
2021-04-22 HEAR SQZ y 27.63 27.75 86 29.38 6.33% 8.07%
2021-04-19 ATLC DB n 32.99 34.97 94 34.95 5.94% 10.35%
2021-04-23 HEAR SQZ y 27.76 29.38 86 29.38 5.84% 7.56%
2021-04-21 SITC CWH n 14.20 14.48 90 14.97 5.42% 5.56%
2021-04-22 ALB SQZ y 153.06 155.8 80 161.23 5.34% 9.67%
2021-04-22 GOGO SQZ y 10.31 10.54 96 10.85 5.24% 7.52%
2021-04-22 ERII SQZ y 20.61 20.74 93 21.68 5.19% 6.6%
2021-04-23 KRUS SQZ y 33.72 35.46 95 35.46 5.16% 5.34%
2021-04-22 CCRN SQZ y 12.99 13.43 87 13.63 4.93% 6.84%
2021-04-23 ALPN SQZ y 11.51 12.07 83 12.07 4.87% 8.34%
2021-04-23 CLFD DB n 35.08 36.73 80 36.73 4.7% 5.16%
2021-04-22 ARLP SQZ y 6.25 6.33 85 6.54 4.64% 4.8%
2021-04-23 QFIN SQZ y 25.72 26.9 93 26.9 4.59% 5.93%
2021-04-22 GKOS DB y 90.85 91.75 87 94.99 4.56% 5.71%
2021-04-21 RPT SQZ y 12.08 12.29 91 12.63 4.55% 4.55%
2021-04-23 CDLX SQZ y 124.55 129.85 85 129.85 4.26% 5.88%
2021-04-19 PLYA SQZ y 7.29 7.35 89 7.6 4.25% 6.04%
2021-04-22 WWW SQZ y 39.97 40.74 81 41.63 4.15% 4.65%
2021-04-23 CNOB SQZ y 26.12 27.13 82 27.13 3.87% 4.9%
2021-04-22 MCFT DB n 28.35 28.47 81 29.44 3.84% 4.8%
2021-04-23 PLL SQZ y 67.22 69.77 99 69.77 3.79% 5.31%
2021-04-23 NIO SQZ y 39.58 41.08 98 41.08 3.79% 4.09%
2021-04-22 TRGP SQZ y 32.72 32.77 92 33.94 3.73% 3.79%
2021-04-23 HUBS CWH n 544.41 564.63 93 564.63 3.71% 3.77%
2021-04-23 OPRX SQZ y 48.54 50.34 96 50.34 3.71% 5.58%
2021-04-22 BY SQZ y 21.60 21.65 82 22.4 3.7% 4.17%
2021-04-23 TRGP SQZ y 32.78 33.94 92 33.94 3.54% 3.6%
2021-04-23 ALB SQZ y 155.81 161.23 82 161.23 3.48% 7.73%
2021-04-21 KRG SQZ y 19.85 20.25 88 20.54 3.48% 4.18%
2021-04-21 SMED SQZ y 15.37 15.62 92 15.9 3.45% 4.68%
2021-04-23 BY SQZ y 21.66 22.4 82 22.4 3.42% 3.88%
2021-04-23 MCFT SQZ y 28.48 29.44 86 29.44 3.37% 4.32%
2021-04-23 DFS SQZ y 99.51 102.84 87 102.84 3.35% 3.58%
2021-04-22 DOMO SQZ y 62.18 62.55 91 64.23 3.3% 5.77%
2021-04-23 THO SQZ y 137.01 140.94 81 140.94 2.87% 3.62%
2021-04-23 GOGO SQZ y 10.55 10.85 96 10.85 2.84% 5.07%
2021-04-21 EPRT CWH n 25.37 25.85 82 26.08 2.8% 5.24%
2021-04-22 DDS SQZ y 98.14 99.77 96 100.85 2.76% 4.33%
2021-04-23 CIGI SQZ y 103.81 106.66 81 106.66 2.75% 3.15%
2021-04-23 KRA SQZ y 37.86 38.89 92 38.89 2.72% 3.78%
2021-04-21 MDRX DB y 15.91 15.92 82 16.34 2.7% 3.74%
2021-04-23 DOMO SQZ y 62.56 64.23 91 64.23 2.67% 4.49%
2021-04-21 AIV CWH n 6.50 6.53 91 6.67 2.62% 4%
2021-04-22 ICLK SQZ y 13.20 13.27 86 13.53 2.5% 3.03%
2021-04-23 DY SQZ y 94.34 96.62 90 96.62 2.42% 3.42%
2021-04-22 QRTEA SQZ y 11.97 12.13 86 12.26 2.42% 3.97%
2021-04-23 AFMD HTF n 10.78 11.04 97 11.04 2.41% 5.57%
2021-04-23 RPT SQZ y 12.34 12.63 90 12.63 2.35% 2.35%
2021-04-21 LEE HTF n 31.24 31.41 99 31.97 2.34% 9.65%
2021-04-22 ETSY SQZ y 209.77 210.28 88 214.59 2.3% 3.33%
2021-04-23 WWW SQZ y 40.75 41.63 84 41.63 2.16% 2.65%
2021-04-20 VER CWH n 41.03 41.31 99 41.91 2.14% 2.41%
2021-04-22 THC SQZ y 54.54 56.18 89 55.7 2.13% 5.76%
2021-04-23 ABR DB y 16.91 17.27 88 17.27 2.13% 2.37%
2021-04-19 SPG SQZ y 114.58 116.56 82 116.92 2.04% 3.9%
2021-04-23 IIIN SQZ y 34.25 34.93 85 34.93 1.99% 3.33%
2021-04-23 ATKR SQZ y 74.76 76.23 96 76.23 1.97% 2.81%
2021-04-23 ICLK SQZ y 13.28 13.53 87 13.53 1.88% 2.41%
2021-04-23 MBUU SQZ y 84.49 86.08 86 86.08 1.88% 3.44%
2021-04-21 SRT SQZ y 8.11 8.28 84 8.26 1.85% 3.45%
2021-04-23 LTHM SQZ y 17.87 18.19 89 18.19 1.79% 3.64%
2021-04-19 CAPL CWH n 19.82 19.87 81 20.17 1.77% 1.77%
2021-04-22 AKR SQZ y 20.59 20.6 86 20.93 1.65% 1.99%
2021-04-23 STXB DB y 23.62 24 87 24 1.61% 1.61%
2021-04-23 REZI SQZ y 29.86 30.34 97 30.34 1.61% 3.04%
2021-04-22 HBI SQZ y 20.60 20.64 81 20.93 1.6% 2.18%
2021-04-23 CSU SQZ y 40.21 40.83 97 40.83 1.54% 3.21%
2021-04-23 NOVA SQZ y 39.31 39.91 84 39.91 1.53% 3.43%
2021-04-23 TTGT SQZ y 75.06 76.15 91 76.15 1.45% 2.65%
2021-04-22 M SQZ y 16.68 16.9 94 16.92 1.44% 3.9%
2021-04-23 SKT SQZ y 16.74 16.98 94 16.98 1.43% 2.03%
2021-04-23 CCRN SQZ y 13.44 13.63 88 13.63 1.41% 2.98%
2021-04-23 OMCL SQZ y 137.74 139.62 82 139.62 1.36% 2.13%
2021-04-19 WMS CWH n 113.51 113.98 91 115.01 1.32% 3.86%
2021-04-23 FATE SQZ y 84.24 85.34 88 85.34 1.31% 4.9%
2021-04-21 MDP SQZ y 30.75 31.17 94 31.15 1.3% 5.2%
2021-04-21 NMRK SQZ y 10.44 10.83 94 10.57 1.25% 3.83%
2021-04-21 APYX SQZ y 9.89 10.02 85 10 1.11% 3.34%
2021-04-23 PRPL CWH n 35.39 35.78 85 35.78 1.1% 1.64%
2021-04-23 DDS SQZ y 99.78 100.85 97 100.85 1.07% 1.72%
2021-04-23 ORRF SQZ y 23.51 23.75 82 23.75 1.02% 2.51%
2021-04-23 QRTEA SQZ y 12.14 12.26 87 12.26 0.99% 1.57%
2021-04-23 RC SQZ y 14.32 14.46 80 14.46 0.98% 1.57%
2021-04-22 LCUT SQZ y 14.80 14.9 85 14.94 0.95% 2.26%
2021-04-22 MAT SQZ y 20.86 20.88 84 21.05 0.91% 11.74%
2021-04-23 ENBL SQZ y 6.92 6.98 83 6.98 0.87% 1.3%
2021-04-19 GTES SQZ y 17.24 17.4 80 17.39 0.87% 1.62%
2021-04-23 TVTY SQZ y 24.01 24.21 90 24.21 0.83% 2.37%
2021-04-23 SBGI SQZ y 32.37 32.62 81 32.62 0.77% 1.64%
2021-04-23 GTLS DB n 151.67 152.79 95 152.79 0.74% 2.1%
2021-04-23 VECO DB n 22.44 22.6 78 22.6 0.71% 0.89%
2021-04-23 WOW SQZ y 14.17 14.27 93 14.27 0.71% 2.75%
2021-04-23 ACRE SQZ y 14.28 14.36 84 14.36 0.56% 1.33%
2021-04-23 IMBI SQZ y 7.59 7.62 92 7.62 0.4% 1.21%
2021-04-19 TLND SQZ y 63.94 63.95 87 64.08 0.22% 0.51%
2021-04-23 LCUT SQZ y 14.91 14.94 85 14.94 0.2% 1.51%
2021-04-21 TLND SQZ y 63.98 64 89 64.08 0.16% 0.45%
2021-04-21 HBB DB n 20.81 20.87 74 20.84 0.14% 2.02%
2021-04-23 CBRE CWH n 82.83 82.9 84 82.9 0.08% 0.62%
2021-04-23 M SQZ y 16.91 16.92 94 16.92 0.06% 0.87%
2021-04-19 JMP SQZ y 6.78 6.9 94 6.78 0% 3.98%
2021-04-22 MDP SQZ y 31.18 31.61 93 31.15 -0.1% 3.75%
2021-04-19 VVI SQZ y 40.35 40.54 83 40.15 -0.5% 0.57%
2021-04-19 RYAM SQZ y 9.43 9.56 98 9.38 -0.53% 2.86%
2021-04-19 WSFS SQZ y 49.93 51.04 80 49.66 -0.54% 2.32%
2021-04-19 MTDR SQZ y 23.99 24.43 98 23.85 -0.58% 2.54%
2021-04-20 GLP SQZ y 21.90 21.94 90 21.71 -0.87% 1.37%
2021-04-19 RHP SQZ y 77.04 78.19 88 75.94 -1.43% 1.64%
2021-04-21 FRPT CWH n 175.48 175.52 83 172.69 -1.59% 1.11%
2021-04-19 WLL SQZ y 36.06 36.65 99 35.48 -1.61% 2.02%
2021-04-19 NTP SQZ y 12.16 12.97 90 11.95 -1.73% 10.77%
2021-04-19 GPRK SQZ y 16.46 16.54 83 16.14 -1.94% 2.19%
2021-04-20 IKNX SQZ y 9.99 10.15 93 9.71 -2.8% 3%
2021-04-22 BJRI SQZ y 59.21 60.42 94 57 -3.73% 4.1%
2021-04-19 NOG SQZ y 12.79 12.92 99 12.22 -4.46% 3.21%
2021-04-22 RUBY SQZ y 26.88 27.96 99 24.66 -8.26% 11.38%
2021-04-19 BOOM SQZ y 56.04 56.58 82 50 -10.78% 2.27%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday April 23, 2021
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
DVAX 11.84 5,081,470 Dynavax Technologies Corporation Biotechnology 91 9.59
STXS 8.62 220,566,844 Stereotaxis - Inc. Medical Instruments & Supplies 90 7.74
HBM 8.54 2,136,582 Hudbay Minerals Inc. Copper 88 7.35
PLX 6.37 349,871,223 Protalix BioTherapeutics - Inc. Biotechnology 80 6.22
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
CwH Stocks Likely to Close above BoP at Next Session*

This list is revised every day and sent to our subscribers. Newsletter readers can now see the list for the next session (usually a Monday). To see the list every day, please subscribe to the site.
Symbol Company Industry RS Rank Last Close BoP % off BoP
ESTA Establishment Labs Holdings Inc. Medical Devices 97 74.11 75.19 98.56
LAZY Lazydays Holdings, Inc. Auto & Truck Dealerships 98 22.57 23.00 98.13
VRTS Virtus Investment Partners, Inc. Asset Management 89 256.81 260.20 98.7
CELH Celsius Holdings, Inc. Beverages - Non-Alcoholic 99 59.63 61.00 97.75
SE Sea Limited American Depo Electronic Gaming & Multimedia 94 258.59 261.55 98.87
PGNY Progyny, Inc. Health Information Services 85 53.19 53.47 99.48
INSP Inspire Medical Systems, Inc. Medical Devices 90 227.68 235.00 96.89
WMS Advanced Drainage Systems, Inc. Building Products & Equipment 91 115.01 117.89 97.56
NSTG NanoString Technologies, Inc. Biotechnology 87 76.105 76.75 99.16
NUAN Nuance Communications, Inc. Software - Application 86 53.09 53.93 98.44
HHC Howard Hughes Corporation (The) Real Estate - Diversified 82 105.93 107.78 98.28
TXG 10x Genomics, Inc. Health Information Services 83 193.95 203.08 95.5
TECK Teck Resources Ltd Ordina Other Industrial Metals & Mining 86 21.91 22.82 96.01
SNAP Snap Inc. Internet Content & Information 93 61.3 65.85 93.09
BLD TopBuild Corp. Engineering & Construction 83 225 235.50 95.54
PTC PTC Inc. Software - Application 81 147.34 149.27 98.71
ZBRA Zebra Technologies Corporation Communication Equipment 84 497.41 518.66 95.9
HZNP Horizon Therapeutics Public Limited Company Drug Manufacturers - General 83 94.63 95.83 98.75
*These stocks were selected using our price breakout model. This model correctly selected CWH stocks that met or exceeded their breakout price with 80% probability over Jan. 2019 to Nov. 2020. This does not imply that on any one day, 80% or any of the stocks selected will meet or exceed their breakout price.
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 34043.5
 -0.46% 11.23% Up
NASDAQ 14016.8
 -0.25% 8.76% Up
S&P 500 4180.17
 -0.13% 11.29% 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
S&P 500 Dow Jones
3.5		 NASDAQ Composite
21.38		 S&P 500
11.29
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum
 Luxury Goods
 Utilities - Renewable
Most Improved Industry (by change in technical rank2)
Textile Manufacturing
93		 Textile Manufacturing
99		 Airlines
93		 Airports & Air Services
126
Charts of each industry rank and performance over 12 months are available on the site

 

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