Breakoutwatch Weekly Summary 10/02/21

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Weekly Commentary
Even in a Downturn Breakouts can Give Big Returns
  • 5 breakouts exceeded 10% return this week (see table below)
  • Trend indicators for three major indexes continue to be negative
  • NASDAQ loses 3.2% for the week
  • The three major indexes rose Friday as traders bought the dip on statement by Dem Progressives leader Jayapal that progress was being made on Infrastructure bill
  • Financials poised to offer most breakouts near term (see CWH Stocks likely to Breakout at Next Session)
NASDAQ Chart
Chart of the Week
PDF Solutions (PDFS) rose 3.7% on Friday on above average volume. The stock has steadily built it's base since March and offers potential upside of 15% to its left cup value. PDF Solutions, Inc. provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement equipment, proven methodologies, and professional services in the United States, China, Taiwan, and internationally.

PDF Solutions
New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 09/27/21
List Breakouts Avg. Gain
CWH 8 2.66
SQZ 47 2.27
HTF 2 6.06
HSB
0
DB
0
Breakouts Gaining at Least 5% for Week Beginning 09/27/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-09-28 UNFI SQZ y 37.98 46.98 92 49.12 29.33% 37.57%
2021-09-27 MXC SQZ y 9.36 10.96 90 11.59 23.82% 26.6%
2021-09-27 SSBI CWH n 17.50 18.4 84 19.6 12% 25.71%
2021-09-27 OII SQZ y 12.96 13.75 93 14.09 8.72% 14.51%
2021-09-27 SD HTF n 12.50 13.34 99 13.59 8.72% 13.76%
2021-09-27 WAL SQZ y 103.08 107.07 95 110.44 7.14% 7.41%
2021-09-27 CFG SQZ y 45.33 47.12 80 48.27 6.49% 7.11%
*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
IHRT iHeartMedia, Inc. Broadcasting 95 25.79 26.08 98.89
USB U.S. Bancorp Banks - Regional 81 60.76 61.66 98.54
STXB Spirit of Texas Bancshares, Inc. Banks - Regional 89 24.69 24.90 99.16
SKYW SkyWest, Inc. Airlines 81 51.98 52.55 98.92
PBF PBF Energy Inc. Oil & Gas Refining & Marketing 90 13.72 14.37 95.48
FHB First Hawaiian, Inc. Banks - Regional 84 29.61 30.06 98.5
UBA Urstadt Biddle Properties Inc. REIT - Retail 86 19.35 19.82 97.63
PDFS PDF Solutions, Inc. Software - Application 81 23.88 24.20 98.68
FITB Fifth Third Bancorp Banks - Regional 90 43.66 44.18 98.82
OBNK Origin Bancorp, Inc. Banks - Regional 86 43.23 43.96 98.34
BWB Bridgewater Bancshares, Inc. Banks - Regional 86 17.81 18.15 98.13
EVR Evercore Inc. Capital Markets 83 138.08 142.42 96.95
CSTR CapStar Financial Holdings, Inc. Banks - Regional 89 21.4 22.00 97.27
JPM JP Morgan Chase & Co. Banks - Diversified 82 167.13 169.30 98.72
FCNCA First Citizens BancShares, Inc. Banks - Regional 91 862.47 915.40 94.22
SFNC Simmons First National Corporation Banks - Regional 83 30.18 30.64 98.5
MYO Myomo Inc. Medical Devices 92 11.64 12.76 91.22
*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.
This table is available to every day to subscribers in our daily report.
Top Rated Cup and Handle Stocks as of Friday October 01, 2021
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
PBF 14.37 7,182,304 PBF Energy Inc. Oil & Gas Refining & Marketing 90 13.72
CNSL 9.56 553,530 Consolidated Communications Holdings - Inc. Telecom Services 89 9.15
GOSS 14.09 812,867 Gossamer Bio - Inc. Biotechnology 89 13.05
F 14.73 88,560,624 Ford Motor Company Auto Manufacturers 88 14.16
WSR 10.26 833,813 Whitestone REIT REIT - Retail 83 10.00
DTIL 14.38 643,036 Precision BioSciences - Inc. Biotechnology 82 11.66
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 34326.5
 -1.35% 12.16% Down
NASDAQ 14566.7
 -3.2% 13.03% Down
S&P 500 4357.04
 -2.21% 16% Down
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 S&P 500
0.12		 S&P 500
6.84		 S&P 500
16
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Airports & Air Services
 Thermal Coal
 Uranium
 Shell Companies
Most Improved Industry (by change in technical rank2)
Aerospace & Defense
0		 Aerospace & Defense
0		 Aerospace & Defense
0		 Aerospace & Defense
0
Charts of each industry rank and performance over 12 months are available on the site

 

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