Breakoutwatch Weekly Summary 05/08/21

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Weekly Commentary
280 Breakouts This Week; 62 gain more than 5%

The NASDAQ consolidation continued this week until the economic data released on Friday showed the recovery may be slowing. The market's found this to be good news, as it indicated that further stimulus may be needed. The result was that the NASDAQ gapped up at the open and reduced what could have been a 3.8% loss to just negative 1.5%. In contrast the DJI and S&P 500 closed the week at new highs, indicating that tech stocks were out of favor in relation to cyclicals such as energy (+8.9%), materials (+5.9%), financials (+4.2%), and industrials (+3.6%).

This rotation was also apparent in the breakout counts with the NYSE and AMEX exchanges accounting for 75 of the 62 breakouts that closed with a gain of 5% or more.
NASDAQ Chart
Chart of the Week
Last week's suggestion of AVID took until Thursday to breakout but since then it a has gained 28.6%

With so many stocks at, or near their all time highs, it is difficult to find cup and handle pattern stocks that still have headroom to move. This weeks selection is MasterCraft Boat Holdings, Inc. (MCFT). MCFT ranks second on our list of stocks likely to breakout at the next session (see the full list below).

MCFT Chart
New Features this Week
I've made a change to the filter behavior for the Cup and Handle watchlist. If you select to filter on "Predicted to Close Above BoP" then only stocks that meet the price model breakout criteria will be selected. The additional filter values will not be used. The main advantage of this filter is to allow the charts that have this criterion can be easily scanned in the chart browser.

breakout Filter
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/03/21
List Breakouts Avg. Gain
CWH 56 3.55
SQZ 234 3.01
HTF 1 -9.05
HSB
0
DB 14 4.37
Breakouts Detail for Week Beginning 05/03/21
Due to the large number of Breakouts, only those closing with a gain of 5% or more are included in this list
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-05-04 OII SQZ y 11.22 11.77 91 15.4 37.25% 38.59%
2021-05-05 OII SQZ y 11.78 13.91 92 15.4 30.73% 32%
2021-05-05 CEIX SQZ y 10.59 11.94 87 13.33 25.87% 29.42%
2021-05-05 SCX SQZ y 6.30 6.37 89 7.85 24.6% 31.43%
2021-05-06 LQDT DB y 20.43 25.83 95 24.52 20.02% 27.95%
2021-05-04 ARNC CWH n 30.10 35 86 35.87 19.17% 22.04%
2021-05-05 MRC CWH n 9.97 11.01 83 11.67 17.05% 17.05%
2021-05-07 EMKR SQZ y 6.26 7.28 82 7.28 16.29% 16.61%
2021-05-04 PTEN SQZ y 7.40 7.56 88 8.56 15.68% 16.28%
2021-05-03 SCU SQZ y 22.75 23.35 82 26.27 15.47% 16.22%
2021-05-07 FET SQZ y 18.91 21.52 88 21.52 13.8% 15.55%
2021-05-05 RVLV SQZ y 51.28 52.96 97 58.15 13.4% 16.85%
2021-05-05 MUR SQZ y 17.37 18.47 82 19.69 13.36% 13.59%
2021-05-05 TECK CWH n 22.82 24.08 88 25.65 12.4% 12.4%
2021-05-07 RVLV SQZ y 51.76 58.15 97 58.15 12.35% 15.77%
2021-05-04 ACH CWH n 13.65 14.2 92 15.31 12.16% 12.67%
2021-05-06 SCU CWH y 23.46 24.53 82 26.27 11.98% 12.7%
2021-05-03 HCCI CWH n 29.49 29.93 82 32.92 11.63% 12.24%
2021-05-04 TEX SQZ y 49.31 50.76 93 54.66 10.85% 11.01%
2021-05-07 BKD SQZ y 6.61 7.32 91 7.32 10.74% 11.8%
2021-05-06 MED SQZ y 252.29 267.03 86 278.32 10.32% 10.58%
2021-05-05 NOG CWH n 15.16 15.84 99 16.7 10.16% 13.32%
2021-05-05 FCX CWH n 39.98 41.54 96 43.97 9.98% 11.31%
2021-05-04 WOW SQZ y 14.46 14.79 93 15.9 9.96% 13.28%
2021-05-07 PBPB CWH y 6.53 7.17 84 7.17 9.8% 13.32%
2021-05-07 OPRX SQZ y 47.96 52.38 95 52.38 9.22% 14.68%
2021-05-04 RFL SQZ y 42.71 43.28 95 46.61 9.13% 12.54%
2021-05-04 TDW SQZ y 12.85 12.9 87 14 8.95% 8.95%
2021-05-04 SIM CWH n 14.73 15.15 88 16 8.62% 8.62%
2021-05-05 CSU SQZ y 44.25 46.76 98 48 8.47% 10.17%
2021-05-05 TDW SQZ y 12.91 13.44 88 14 8.44% 8.44%
2021-05-07 NBR SQZ y 91.69 99.04 98 99.04 8.02% 8.94%
2021-05-05 VRTV SQZ y 44.80 47.9 98 48.37 7.97% 10.29%
2021-05-06 RFL SQZ y 43.30 44.8 96 46.61 7.64% 11.01%
2021-05-05 WOW SQZ y 14.80 15.42 93 15.9 7.43% 10.68%
2021-05-07 CMLS SQZ y 9.96 10.7 89 10.7 7.43% 9.09%
2021-05-03 OEC DB n 20.40 20.68 82 21.91 7.4% 10.05%
2021-05-03 HAYN DB n 30.71 31.78 71 32.95 7.29% 7.65%
2021-05-04 LNC SQZ y 64.63 64.68 84 69.3 7.23% 7.33%
2021-05-07 CDNA SQZ y 72.69 77.71 80 77.71 6.91% 8.56%
2021-05-07 KOP SQZ y 35.75 38.22 81 38.22 6.91% 10.32%
2021-05-04 CMC SQZ y 30.41 31.17 80 32.46 6.74% 7.46%
2021-05-04 MRO SQZ y 11.14 11.32 91 11.89 6.73% 6.91%
2021-05-03 ALTM CWH n 61.84 67.29 98 66 6.73% 13.11%
2021-05-06 KIRK SQZ y 30.12 31.65 96 32.09 6.54% 9.21%
2021-05-05 R CWH n 81.98 85.77 88 87.22 6.39% 6.62%
2021-05-06 NLSN SQZ y 26.01 26.64 82 27.65 6.31% 6.38%
2021-05-04 CNDT SQZ y 7.08 7.11 94 7.52 6.21% 7.34%
2021-05-04 FWRD SQZ y 94.63 97.61 80 100.48 6.18% 6.28%
2021-05-07 HCCI SQZ y 31.01 32.92 87 32.92 6.16% 6.74%
2021-05-05 DCP SQZ y 23.87 24.12 91 25.31 6.03% 8.29%
2021-05-07 PDCE CWH n 38.76 41.08 96 41.08 5.99% 6.01%
2021-05-05 OXY SQZ y 25.87 27.05 85 27.39 5.88% 6.46%
2021-05-07 MGI CWH n 7.59 8.03 89 8.03 5.8% 14.89%
2021-05-07 OIS SQZ y 6.34 6.69 80 6.69 5.52% 5.84%
2021-05-05 DVN CWH n 24.85 25.23 91 26.22 5.51% 6.94%
2021-05-06 UNFI SQZ y 34.78 36.36 92 36.68 5.46% 7.45%
2021-05-05 GT CWH y 18.66 19.23 93 19.67 5.41% 5.63%
2021-05-04 BPOP SQZ y 75.10 76.04 84 79.11 5.34% 5.37%
2021-05-04 FLR SQZ y 23.43 23.95 87 24.68 5.34% 5.68%
2021-05-04 TBBK CWH n 23.15 24.57 92 24.35 5.18% 8.6%
2021-05-06 CALX SQZ y 45.69 46.33 94 48 5.06% 6.56%
*RS Rank on day before breakout.
CwH Stocks Likely to Close above BoP at Next Session*
Symbol Company Industry RS Rank Last Close BoP % off BoP
CSU Capital Senior Living Corporation Medical Care Facilities 98 48 48.75 98.46
MCFT MasterCraft Boat Holdings, Inc. Recreational Vehicles 80 29.75 30.40 97.86
CPE Callon Petroleum Company Oil & Gas E&P 99 41.12 41.98 97.95
RUTH Ruth's Hospitality Group, Inc. Restaurants 95 27.07 27.49 98.47
CPLG CorePoint Lodging Inc. REIT - Hotel & Motel 90 10.37 10.58 98.02
CAKE The Cheesecake Factory Inco Restaurants 93 63.78 65.00 98.12
MGY Magnolia Oil & Gas Corporation Class A Oil & Gas E&P 92 12.32 12.47 98.8
SPG Simon Property Group, Inc. REIT - Retail 88 124.94 125.54 99.52
XEC Cimarex Energy Co Oil & Gas E&P 94 70.66 70.75 99.87
ADNT Adient plc Ordinary Share Auto Parts 94 49.29 50.98 96.68
AZUL Azul S.A. American Deposi Airlines 86 22.32 23.03 96.92
CNOB ConnectOne Bancorp, Inc. Banks - Regional 86 28.09 28.33 99.15
ORMP Oramed Pharmaceuticals Inc. Biotechnology 96 10.94 11.22 97.5
PLCE Children's Place, Inc. Apparel Retail 95 80.82 84.23 95.95
VET Vermilion Energy Inc. Oil & Gas E&P 92 7.94 8.01 99.13
GTLS Chart Industries, Inc. Specialty Industrial Machinery 94 160.14 167.39 95.67
FFIC Flushing Financial Corporation Banks - Regional 89 24.35 24.40 99.8
RPT RPT Realty REIT - Retail 91 12.98 13.15 98.71
OFS OFS Capital Corporation Asset Management 88 9.37 9.44 99.26
PGTI PGT Innovations, Inc. Building Products & Equipment 85 27.7 27.89 99.32
TLYS Tilly's, Inc. Apparel Retail 89 12.61 12.68 99.45
TBBK The Bancorp, Inc. Banks - Regional 95 24.35 25.14 96.86
OGCP Empire State Realty OP, L REIT - Diversified 83 11.7 11.90 98.32
CMD Cantel Medical Corp. Medical Instruments & Supplies 85 88.18 89.76 98.24
ANDE The Andersons, Inc. Food Distribution 86 30.86 31.21 98.88
GWB Great Western Bancorp, Inc. Banks - Regional 93 34.47 34.55 99.77
CNTY Century Casinos, Inc. Resorts & Casinos 95 12.67 13.57 93.37
CLFD Clearfield, Inc. Communication Equipment 89 39.09 40.26 97.09
AIV Apartment Investment and Management Company REIT - Residential 92 6.97 7.09 98.31
SXC SunCoke Energy, Inc. Coking Coal 93 7.66 7.81 98.08
VRTS Virtus Investment Partners, Inc. Asset Management 89 275.58 281.99 97.73
DDS Dillard's, Inc. Department Stores 96 106.23 112.38 94.53
PPBI Pacific Premier Bancorp Inc Banks - Regional 89 46.4 46.66 99.44
ESRT Empire State Realty Trust, Inc. REIT - Diversified 81 11.8 12.06 97.84
UVSP Univest Financial Corporation Banks - Regional 82 29.38 29.49 99.63
JAX J. Alexander's Holdings, Inc. Restaurants 91 10.82 11.00 98.36
EAF GrafTech International Ltd. Specialty Industrial Machinery 84 13.29 13.50 98.44
OKE ONEOK, Inc. Oil & Gas Midstream 83 53.38 53.96 98.93
FRBA First Bank Banks - Regional 83 13.36 13.83 96.6
CLNY Colony Capital, Inc. REIT - Diversified 94 7 7.22 96.95
OBNK Origin Bancorp, Inc. Banks - Regional 88 44.76 45.01 99.44
HT Hersha Hospitality Trust Class A REIT - Hotel & Motel 91 11.63 12.18 95.48
GBX Greenbrier Companies, Inc. Railroads 90 49.1 50.08 98.04
KRUS Kura Sushi USA, Inc. Restaurants 94 35.68 38.98 91.53
HOFT Hooker Furniture Corporation Furnishings, Fixtures & Appliances 86 39.2 39.84 98.39
FANG Diamondback Energy, Inc. Oil & Gas E&P 93 84.21 87.60 96.13
FISI Financial Institutions, Inc. Banks - Regional 86 32.6 32.95 98.94
XPEL XPEL, Inc. Auto Parts 96 62.99 68.73 91.65
SZC Cushing NextGen Infrastructure Inco Asset Management 95 43.9 45.79 95.87
SUM Summit Materials, Inc. Building Materials 87 30.95 31.82 97.27
HTBI HomeTrust Bancshares, Inc. Banks - Regional 83 27.43 27.84 98.53
OMF OneMain Holdings, Inc. Credit Services 85 56.97 58.12 98.02
USFD US Foods Holding Corp. Food Distribution 82 40.57 42.10 96.37
*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.
Top Rated Cup and Handle Stocks as of Friday May 07, 2021
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
RENN 11.11 2,147,483,647 Renren Inc. Auto & Truck Dealerships 98 9.63
HYRE 13.98 692,444 HyreCar Inc. Rental & Leasing Services 98 12.99
ORMP 11.22 1,007,276 Oramed Pharmaceuticals Inc. Biotechnology 96 10.94
SKT 18.82 291,244,946 Tanger Factory Outlet Centers - Inc. REIT - Retail 94 17.59
BHR 7.25 1,130,082 Braemar Hotels & Resorts Inc. REIT - Hotel & Motel 94 6.78
CLNY 7.22 4,582,278 Colony Capital - Inc. REIT - Diversified 94 7.00
SXC 7.81 414,610,934 SunCoke Energy - Inc. Coking Coal 93 7.66
MGY 12.47 3,165,950 Magnolia Oil & Gas Corporation Class A Oil & Gas E&P 92 12.32
AIV 7.09 5,585,391 Apartment Investment and Management Company REIT - Residential 92 6.97
UMC 11.25 294,315,016 United Microelectronics Corporation (NEW) Semiconductors 92 9.65
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 34777.8
 2.67% 13.63% Up
NASDAQ 13752.2
 -1.51% 6.7% Up
S&P 500 4232.6
 1.23% 12.69% 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 Dow Jones
11.65		 Dow Jones
22.79		 Dow Jones
13.63
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum
 Aluminum
 Solar
 Financial Data & Stock Exchanges
Most Improved Industry (by change in technical rank2)
Thermal Coal
69		 Thermal Coal
52		 REIT - Residential
89		 Thermal Coal
138
Charts of each industry rank and performance over 12 months are available on the site

 

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