Breakoutwatch Weekly Summary 03/05/22

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Weekly Commentary
Strong Breakout Performance this Week Despite Geopolitical Risks

As the summary of the week's breakouts shows, 16 breakouts gained 5% or more this week despite the war in Ukraine. The standout performer was KLXE which stands to profit from likely increased oil production in the US to compensate for rising global oil prices.

The major indexes continued their decline with the NASDAQ composite leading the trend with a loss of 2.8%.

NASDAQ Chart
Chart of the Week
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, Peru, and Ecuador. It has a strong Relative Strength Rank of 92, a technical score of 5/5 and fundamental score of 4/5. GPRK can benefit from South American oil production as the world prices move higher.
GPRK 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 02/28/22
List Breakouts Avg. Gain
CWH 29 4.12
SQZ 57 1.71
HTF 2 33.97
HSB
0
DB
0
Breakouts Gaining at Least 5% for Week Beginning 02/28/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-02-28 KLXE HTF n 6.44 6.7 53 10.41 61.65% 62.89%
2022-03-02 BTU CWH n 19.60 20.81 99 26.35 34.44% 39.18%
2022-02-28 GOGO SQZ y 14.09 14.24 88 16.39 16.32% 20.01%
2022-02-28 NOG SQZ y 23.61 25.08 96 27.39 16.01% 18.76%
2022-03-02 MNRL SQZ y 23.99 25.4 96 27.44 14.38% 14.42%
2022-02-28 LPI SQZ y 73.92 76.56 98 83 12.28% 13.4%
2022-02-28 MRC CWH n 10.06 10.1 93 11.23 11.63% 11.83%
2022-02-28 VALE CWH n 18.15 18.49 93 20.15 11.02% 11.07%
2022-03-02 NE CWH y 27.50 28 89 30.32 10.25% 12.25%
2022-03-02 AE CWH y 32.67 33.45 89 35.6831 9.22% 10.82%
2022-03-01 NOG SQZ y 25.09 25.66 97 27.39 9.17% 11.76%
2022-03-03 NE SQZ y 28.01 29.34 91 30.32 8.25% 10.21%
2022-03-02 PCRX SQZ y 67.68 71.28 89 72.33 6.87% 6.9%
2022-03-02 FDUS CWH n 18.71 18.74 84 19.94 6.57% 7.27%
2022-02-28 NEX HTF n 7.79 7.96 99 8.28 6.29% 9.05%
2022-03-02 AVA SQZ y 44.04 44.55 87 46.46 5.5% 5.63%
*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
GPRK Geopark Ltd Oil & Gas E&P 92 15.47 15.60 99.17
BSM Black Stone Minerals, L.P. Oil & Gas E&P 91 12.4 12.50 99.2
INSW International Seaways, Inc. Oil & Gas Midstream 90 18.49 18.98 97.42
GKOS Glaukos Corporation Medical Instruments & Supplies 83 54.34 57.53 94.46
*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.
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Top Rated Cup and Handle Stocks as of Friday March 04, 2022
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
BSM 12.50 588,359 Black Stone Minerals - L.P. Oil & Gas E&P 91 12.40
INSW 18.98 894,853 International Seaways - Inc. Oil & Gas Midstream 90 18.49
KYN 8.91 1,116,145 Kayne Anderson Energy Infrastructure Fund - Inc. Asset Management 90 8.84
TUP 19.86 1,298,487 Tupperware Brands Corporation Packaging & Containers 88 19.38
UUUU 9.08 4,820,671 Energy Fuels Inc Uranium 88 8.19
XHR 19.46 817,131 Xenia Hotels & Resorts - Inc. REIT - Hotel & Motel 88 18.34
ORAN 12.56 1,459,997 Orange Telecom Services 83 11.36
INN 10.58 884,871 Summit Hotel Properties - Inc. REIT - Hotel & Motel 82 9.76
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 33614.8
 -1.3% -7.49% Down
NASDAQ 13313.4
 -2.78% -14.9% Down
S&P 500 4328.87
 -1.27% -9.18% 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
S&P 500 Dow Jones
-4.62		 S&P 500
-4.55		 Dow Jones
-7.49
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Oil & Gas Integrated
 Oil & Gas Integrated
 Uranium
 Home Improvement Retail
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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