Breakoutwatch Weekly Summary 07/23/22
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| Trend Signals Turn Positive as NASDAQ
Gains 3.3% There were signs this week that the market may have priced in the anticipated decline in earnings and we may look back to see that the market bottom occurred on June 16. Our trend signals for the three major indexes turned positive on Thursday after being negative since April 19. The NASDAQ outperformed the Dow and S&P 500 this week as growth stocks moved higher lifting the NASDAQ above its 50 day moving average for the first time since April 7. There were 240 stocks that broke out from a Volatility Squeeze pattern, 29 of which exceeded a 5% gain.  |
There is no chart of the week, this week |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 6 | 0.15 |
| SQZ | 240 | 0.85 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2022-07-18 | CECE | SQZ | y | 6.21 | 6.34 | 91 | 7.29 | 17.39% | 18.36% |
| 2022-07-18 | MLI | SQZ | y | 53.41 | 54.03 | 93 | 61.85 | 15.8% | 19.34% |
| 2022-07-19 | CECE | SQZ | y | 6.35 | 6.47 | 92 | 7.29 | 14.8% | 15.75% |
| 2022-07-19 | MLI | SQZ | y | 54.04 | 61.86 | 94 | 61.85 | 14.45% | 17.95% |
| 2022-07-20 | CECE | SQZ | y | 6.48 | 7.08 | 92 | 7.29 | 12.5% | 13.43% |
| 2022-07-19 | CPSS | SQZ | y | 10.67 | 11.24 | 97 | 11.98 | 12.28% | 13.03% |
| 2022-07-19 | EQT | SQZ | y | 37.87 | 39.14 | 98 | 42.23 | 11.51% | 15.95% |
| 2022-07-19 | TNP | SQZ | y | 9.89 | 10.45 | 90 | 10.92 | 10.41% | 13.55% |
| 2022-07-19 | AR | SQZ | y | 33.65 | 34.88 | 98 | 36.74 | 9.18% | 12.69% |
| 2022-07-18 | SJT | SQZ | y | 10.71 | 11.08 | 98 | 11.66 | 8.87% | 8.87% |
| 2022-07-18 | ENPH | SQZ | y | 194.92 | 206.43 | 95 | 211.54 | 8.53% | 15.74% |
| 2022-07-19 | CBT | SQZ | y | 64.36 | 67.41 | 92 | 69.69 | 8.28% | 10.31% |
| 2022-07-19 | MOD | SQZ | y | 11.29 | 11.76 | 93 | 12.22 | 8.24% | 8.59% |
| 2022-07-18 | VOC | SQZ | y | 7.12 | 7.18 | 96 | 7.7 | 8.15% | 12.36% |
| 2022-07-19 | VC | SQZ | y | 108.35 | 113.59 | 91 | 117.09 | 8.07% | 10.6% |
| 2022-07-18 | FBP | SQZ | y | 13.58 | 13.91 | 89 | 14.66 | 7.95% | 8.51% |
| 2022-07-18 | NXST | SQZ | y | 169.92 | 170.43 | 92 | 182.66 | 7.5% | 8.63% |
| 2022-07-19 | ASC | SQZ | y | 7.29 | 7.99 | 99 | 7.83 | 7.41% | 14.4% |
| 2022-07-19 | NXST | SQZ | y | 170.44 | 175.78 | 92 | 182.66 | 7.17% | 8.3% |
| 2022-07-19 | VOC | SQZ | y | 7.19 | 7.34 | 96 | 7.7 | 7.09% | 11.27% |
| 2022-07-20 | MIST | SQZ | y | 6.69 | 6.92 | 89 | 7.16 | 7.03% | 11.06% |
| 2022-07-19 | RRC | SQZ | y | 27.84 | 28.39 | 96 | 29.72 | 6.75% | 12.43% |
| 2022-07-20 | CPSS | SQZ | y | 11.25 | 11.58 | 98 | 11.98 | 6.49% | 7.2% |
| 2022-07-18 | DGII | SQZ | y | 24.86 | 25.31 | 96 | 26.37 | 6.07% | 8.97% |
| 2022-07-19 | AVT | SQZ | y | 43.10 | 44.49 | 94 | 45.64 | 5.89% | 6.71% |
| 2022-07-19 | DMLP | SQZ | y | 25.84 | 26.92 | 96 | 27.3 | 5.65% | 9.39% |
| 2022-07-19 | VHI | SQZ | y | 46.38 | 48.07 | 98 | 48.98 | 5.61% | 6.88% |
| 2022-07-19 | FBP | SQZ | y | 13.92 | 14.35 | 91 | 14.66 | 5.32% | 5.85% |
| 2022-07-20 | AR | SQZ | y | 34.89 | 36.7 | 98 | 36.74 | 5.3% | 8.68% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | Company | Industry | RS Rank | Last Close | BoP | % off BoP |
|---|---|---|---|---|---|---|
| VG | Vonage Holdings Corp. | Telecom Services | 94 | 20.99 | 21.00 | 99.95 |
| EVOP | EVO Payments, Inc. | Software - Infrastructure | 92 | 26.26 | 26.50 | 99.09 |
| SRLP | Sprague Resources LP | Oil & Gas Refining & Marketing | 85 | 19.13 | 19.20 | 99.64 |
| SNDX | Syndax Pharmaceuticals, Inc. | Biotechnology | 96 | 20.76 | 21.30 | 97.46 |
| *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. | ||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| EIGR | 9.12 | 535,050 | Eiger BioPharmaceuticals - Inc. | Biotechnology | 98 | 8.44 |
| EOLS | 14.29 | 729,370 | Evolus - Inc. | Drug Manufacturers - Specialty & Generic | 98 | 12.64 |
| FOLD | 11.55 | 5,279,902 | Amicus Therapeutics - Inc. | Biotechnology | 95 | 10.23 |
| LPG | 16.38 | 954,502 | Dorian LPG Ltd. | Oil & Gas Midstream | 95 | 15.72 |
| ACRS | 16.86 | 579,753 | Aclaris Therapeutics - Inc. | Biotechnology | 91 | 15.07 |
| ESPR | 7.13 | 1,235,643 | Esperion Therapeutics - Inc. | Biotechnology | 90 | 6.21 |
| FGEN | 12.88 | 1,423,902 | FibroGen - Inc | Biotechnology | 90 | 12.31 |
| TAC | 11.85 | 508,852 | TransAlta Corporation Ord | Utilities - Independent Power Producers | 89 | 11.21 |
| KURA | 19.92 | 1,175,117 | Kura Oncology - Inc. | Biotechnology | 88 | 15.64 |
| 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 | 31899.3 |
1.95% | -12.22% | Up |
| NASDAQ | 11834.1 |
3.33% | -24.36% | Up |
| S&P 500 | 3961.63 |
2.55% | -16.88% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
Dow Jones -5.66 |
Dow Jones -6.91 |
Dow Jones -12.22 |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Healthcare Plans |
Oil & Gas Integrated |
Oil & Gas Integrated |
Luxury Goods |
| 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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