Breakoutwatch Weekly Summary 02/05/22
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| NASDAQ Gains 2.4% but Too Early to
Celebrate The markets appeared to shrug off pending interest rate increases led by a 2.4% gain by the NASDAQ. The S&P 500 added 1.6% and the DJI 1.1%. The NASDAQ Gain was assisted by spectacular earnings from Alphabet (GOOG) and Amazon.com (AMZN) but the index remains below both its 50 and 200 day moving averages. The index set a low on January 24 but strong volume has failed to materialize. Some components of the index have posted follow through days, but the index overall has yet to post a gain of over 1% on well above average volume.  |
| Bill.com
Holdings, Inc. (BILL) Continuing my focus on beaten down stocks that have the potential to move higher in the short term, this week I've selected BILL, which broke above its Average True Range on Friday on 3 times average volume.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 15 | 2.22 |
| SQZ | 24 | -0.22 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2022-02-01 | FUN | CWH | n | 51.22 | 56.25 | 86 | 58.7 | 14.6% | 15.6% |
| 2022-02-02 | VIVO | SQZ | y | 21.53 | 22.01 | 82 | 23.98 | 11.38% | 11.98% |
| 2022-01-31 | NGVC | SQZ | y | 14.06 | 14.6 | 83 | 15.25 | 8.46% | 9.1% |
| 2022-02-03 | RES | CWH | n | 6.65 | 6.66 | 95 | 7.11 | 6.92% | 8.05% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | Company | Industry | RS Rank | Last Close | BoP | % off BoP |
|---|---|---|---|---|---|---|
| NGVC | Natural Grocers by Vitamin Cottage, Inc. | Grocery Stores | 89 | 15.25 | 15.34 | 99.41 |
| OII | Oceaneering International, Inc. | Oil & Gas Equipment & Services | 92 | 14.12 | 14.43 | 97.85 |
| OIS | Oil States International, Inc. | Oil & Gas Equipment & Services | 87 | 6.72 | 6.86 | 97.96 |
| AE | Adams Resources & Energy, Inc. | Oil & Gas Integrated | 88 | 30.51 | 31.15 | 97.95 |
| ARL | American Realty Investors, Inc. | Real Estate - Development | 96 | 14.74 | 14.95 | 98.6 |
| NMM | Navios Maritime Partners LP | Marine Shipping | 94 | 30.54 | 30.74 | 99.35 |
| CRT | Cross Timbers Royalty Trust | Oil & Gas E&P | 96 | 14.9 | 15.00 | 99.33 |
| UBOH | United Bancshares, Inc. | Banks - Regional | 89 | 33.2 | 33.99 | 97.68 |
| FXNC | First National Corporation | Banks - Regional | 89 | 22.99 | 23.85 | 96.39 |
| FVCB | FVCBankcorp, Inc. | Banks - Regional | 86 | 20.95 | 21.19 | 98.87 |
| HIE | Miller/Howard High Inco | Asset Management | 87 | 10.74 | 10.97 | 97.9 |
| *These stocks were selected using our CWH price breakout model. This model selects stocks likely to close above the breakout price at the next session. When backtested over the three years beginning January 2019 until October 28, 2021, 80% of the stocks selected closed above their breakout price. This does not mean that on any day, 80% of the stocks selected will breakout, but it is the expectation over an extended period of time. | ||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| TSRI | 15.27 | 1,372,088 | TSR - Inc. | Software - Application | 96 | 12.31 |
| WTTR | 7.71 | 615,211 | Select Energy Services - Inc. | Oil & Gas Equipment & Services | 94 | 7.39 |
| OII | 14.43 | 1,071,374 | Oceaneering International - Inc. | Oil & Gas Equipment & Services | 92 | 14.12 |
| KYN | 8.72 | 1,232,096 | Kayne Anderson Energy Infrastructure Fund - Inc. | Asset Management | 87 | 8.55 |
| OIS | 6.86 | 1,395,928 | Oil States International - Inc. | Oil & Gas Equipment & Services | 87 | 6.72 |
| VIV | 9.53 | 1,381,587 | Telefonica Brasil S.A. American Depositary Shares | Telecom Services | 87 | 9.34 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 35089.7 |
1.05% | -3.44% | Down |
| NASDAQ | 14098 |
2.38% | -9.89% | Down |
| S&P 500 | 4500.53 |
1.55% | -5.57% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
Dow Jones -4.19 |
S&P 500 1.43 |
Dow Jones -3.44 |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Oil & Gas Integrated |
REIT - Residential |
Thermal Coal |
Silver |
| 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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