Breakoutwatch Weekly Summary 11/12/22

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Weekly Commentary
NASDAQ Closes Above 50 Day Average after 8.1% Weekly Gain; Breakouts Surge

This was the best week for the markets in quite some time in reaction to a modest decline in inflation. Year-on-year core CPI was up 6.3% , 0.3% less than  6.6% in September. This ignited speculation that the Fed may ease up on the pace with which they increase the inter-bank lending rate. Mega cap stocks, which have fallen heavily on expectations that higher interest rates will reduce future earnings, were the beneficiaries. Amazon, for example, gained 11.6% from Monday's open.
NASDAQ Chart
Breakouts from our watchlists, particularly Cup and handle and Volatility Squeeze surged this week with 25 stocks gaining over 5%. There also two High Tight Flag breakouts gaining 19% and 25%.
Chart of the Week
Epsilon Energy (EPSN)

Epsilon Energy Ltd., a natural gas and oil company, engages in the acquisition, development, gathering, and production of oil and gas reserves in the United States. As the price reached the left cup level, 5 days ago, those investors who sold after the left cup saw an opportunity to recoup their losses and a handle was formed. Then 2 days ago the company reported positive earnings and gave an upbeat assessment of future prospects. As a result the stock climbed strongly and could soon breakout from this cup and handle formation. EPSN scores a relatively strong 15 out of 20 in our stock analysis of technical and CANSLIM related factors.

Chart EPSN
New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 11/07/22
List Breakouts Avg. Gain
CWH 40 1.63
SQZ 57 2.55
HTF 3 9.93
HSB
0
DB
0
Breakouts Gaining at Least 5% for Week Beginning 11/07/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-11-08 TC HTF n 8.59 8.71 99 9.92 15.48% 25.03%
2022-11-07 SQM SQZ y 96.71 98.02 95 111.03 14.81% 16.17%
2022-11-07 ALB SQZ y 285.00 286.49 93 325.38 14.17% 17.39%
2022-11-10 TUSK HTF n 6.37 6.64 99 7.23 13.5% 19.31%
2022-11-08 SQM SQZ y 98.03 107.12 95 111.03 13.26% 14.61%
2022-11-10 TH SQZ y 12.16 12.9 99 13.52 11.18% 14.56%
2022-11-07 LTHM SQZ y 30.26 30.37 92 33.62 11.1% 18.34%
2022-11-08 LTHM SQZ y 30.38 32.21 91 33.62 10.66% 17.87%
2022-11-10 SILK SQZ y 44.96 48.42 90 49.21 9.45% 14.52%
2022-11-09 TBPH SQZ y 10.37 10.9 90 11.27 8.68% 10.61%
2022-11-10 AVXL CWH n 13.34 13.4 85 14.43 8.17% 10.41%
2022-11-08 HAYN CWH n 51.45 52.16 94 55.6 8.07% 11.29%
2022-11-11 QURE SQZ y 20.53 22.1 85 22.1 7.65% 9.23%
2022-11-09 AXGN SQZ y 12.07 12.71 91 12.97 7.46% 13.17%
2022-11-07 WNC CWH n 22.66 22.8 95 24.28 7.15% 9.75%
2022-11-10 PAG CWH n 115.75 124.01 84 124.02 7.14% 8.54%
2022-11-08 ULH SQZ y 34.07 36.02 96 36.48 7.07% 10.68%
2022-11-07 KNSA CWH n 14.50 15.24 92 15.39 6.14% 8.83%
2022-11-11 ESTE SQZ y 15.90 16.87 92 16.87 6.1% 7.11%
2022-11-10 ADT SQZ y 8.63 9.1 88 9.15 6.03% 6.84%
2022-11-07 TMST SQZ y 18.56 18.89 89 19.6 5.6% 10.26%
2022-11-09 PFGC CWH n 53.48 54.53 85 56.46 5.57% 9.16%
2022-11-07 ADP SQZ y 236.87 240.41 83 249.23 5.22% 7.97%
2022-11-08 NOG SQZ y 35.53 35.66 95 37.38 5.21% 7.23%
2022-11-11 SM SQZ y 44.53 46.76 93 46.76 5.01% 7.52%
*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
KNSA Kiniksa Pharmaceuticals, Ltd. Biotechnology 95 15.39 15.78 97.53
KOS Kosmos Energy Ltd. Oil & Gas E&P 96 7.09 7.55 93.91
IMO Imperial Oil Limited Oil & Gas Integrated 96 57.87 58.99 98.1
BNFT Benefitfocus, Inc. Software - Application 91 10.39 10.44 99.52
PDCE PDC Energy, Inc. Oil & Gas E&P 96 80.36 82.23 97.73
ECOM ChannelAdvisor Corporation Software - Application 95 23.08 23.10 99.91
ABMD ABIOMED, Inc. Medical Devices 95 373.99 381.99 97.91
GRIN Grindrod Shipping Holdings Ltd. Marine Shipping 97 25.88 26.29 98.44
SBR Sabine Royalty Trust Oil & Gas E&P 97 87.42 89.01 98.21
EOG EOG Resources, Inc. Oil & Gas E&P 96 147.11 150.88 97.5
FRO Frontline Ltd. Ordinary S Oil & Gas Midstream 97 13.4 14.11 94.97
APA APA Corporation Oil & Gas E&P 97 48.76 50.58 96.4
NOV NOV Inc. Oil & Gas Equipment & Services 96 23.57 24.25 97.2
CVE Cenovus Energy Inc Oil & Gas Integrated 96 21.61 22.18 97.43
SMHI SEACOR Marine Holdings Inc. Marine Shipping 96 7.55 7.98 94.61
AAWW Atlas Air Worldwide Holdings Airports & Air Services 92 100.22 101.25 98.98
PRPH ProPhase Labs, Inc. Drug Manufacturers - Specialty & Generic 97 12.05 12.69 94.96
EPSN Epsilon Energy Ltd. Oil & Gas E&P 93 7.32 7.57 96.7
SJI South Jersey Industries, Inc. Utilities - Diversified 93 34.15 34.99 97.6
FHN First Horizon Corporation Banks - Regional 93 24.27 24.55 98.86
SUPN Supernus Pharmaceuticals, Inc. Drug Manufacturers - Specialty & Generic 89 35.03 35.32 99.18
CRC California Resources Corporation Oil & Gas E&P 87 48.13 49.46 97.31
AR Antero Resources Corporation Oil & Gas E&P 96 37.24 40.19 92.66
ORA Ormat Technologies, Inc. Utilities - Renewable 93 100.01 101.81 98.23
DNOW NOW Inc. Oil & Gas Equipment & Services 94 12.82 13.51 94.89
H Hyatt Hotels Corporation Class A Lodging 85 96.11 98.22 97.85
PAA Plains All American Pipeline, L.P. Oil & Gas Midstream 89 12.32 12.72 96.86
PSO Pearson, Plc Publishing 91 11.07 11.20 98.84
SD SandRidge Energy, Inc. Oil & Gas E&P 95 20.42 22.05 92.61
NRT North European Oil Royality Trust Oil & Gas Equipment & Services 97 17.4199 18.00 96.78
SFL SFL Corporation Ltd Marine Shipping 88 10.47 10.61 98.68
VNOM Viper Energy Partners LP Oil & Gas Midstream 92 33.33 36.05 92.45
CVEO Civeo Corporation (Canada) Specialty Business Services 92 29.85 31.87 93.66
DGICA Donegal Group, Inc. Insurance - Property & Casualty 86 15.28 15.63 97.76
TWI Titan International, Inc. Farm & Heavy Construction Machinery 95 15.08 16.20 93.09
CVI CVR Energy Inc. Oil & Gas Refining & Marketing 98 38.88 42.14 92.26
TNP Tsakos Energy Navigation Ltd Oil & Gas Midstream 98 17.99 19.85 90.63
DCP DCP Midstream, LP Oil & Gas Midstream 92 38.73 40.23 96.27
CRAI CRA International,Inc. Consulting Services 94 117.18 120.85 96.96
CHEF The Chefs' Warehouse, Inc. Food Distribution 88 36.72 38.37 95.7
PEO Adams Natural Resources Fund, Inc. Asset Management 93 23.89 24.50 97.51
NWPX Northwest Pipe Company Metal Fabrication 90 33.88 35.23 96.17
UCBI United Community Banks, Inc. Banks - Regional 85 37.73 39.00 96.74
WTTR Select Energy Services, Inc. Oil & Gas Equipment & Services 95 8.98 9.84 91.26
GER Goldman Sachs MLP Energy Asset Management 88 13.55 13.91 97.41
TMUS T-Mobile US, Inc. Telecom Services 89 146.19 154.38 94.69
CTBI Community Trust Bancorp, Inc. Banks - Regional 84 46.19 47.91 96.41
WMT Walmart Inc. Discount Stores 85 142.58 144.08 98.96
CRK Comstock Resources, Inc. Oil & Gas E&P 98 18.6 21.17 87.86
MEDP Medpace Holdings, Inc. Diagnostics & Research 92 221.11 235.72 93.8
BATRA Liberty Media Corporation Entertainment 87 30.57 32.66 93.6
PSTG Pure Storage, Inc. Computer Hardware 86 30.78 31.97 96.28
BTU Peabody Energy Corporation Thermal Coal 98 27.25 30.05 90.68
EE Excelerate Energy, Inc. Utilities - Regulated Electric 88 26.1 28.39 91.93
NTCT NetScout Systems, Inc. Software - Infrastructure 86 34.58 36.24 95.42
OCN Ocwen Financial Corporation NEW Mortgage Finance 90 35.54 37.17 95.61
PEP PepsiCo, Inc. Beverages - Non-Alcoholic 84 178.05 183.58 96.99
ASH Ashland Inc. Chemicals 86 107.75 110.99 97.08
CRT Cross Timbers Royalty Trust Oil & Gas E&P 95 21.61 24.19 89.33
FDUS Fidus Investment Corporation Asset Management 86 20.18 21.25 94.96
CNXN PC Connection, Inc. Electronics & Computer Distribution 84 50.81 53.97 94.14
WTI W&T Offshore, Inc. Oil & Gas E&P 97 7.75 9.16 84.61
EDN Empresa Distribuidora Y C Utilities - Regulated Electric 88 6.85 7.61 90.01
NXGN NextGen Healthcare, Inc. Health Information Services 91 20.07 21.94 91.48
CEQP Crestwood Equity Partners Oil & Gas Midstream 86 28.96 31.46 92.05
BHF Brighthouse Financial, Inc. Insurance - Life 84 54.52 58.39 93.37
ARCH Arch Resources, Inc. Thermal Coal 94 150.35 166.86 90.11
TMP Tompkins Financial Corporation Banks - Regional 83 81.25 84.25 96.44
AJG Arthur J. Gallagher & Co. Insurance Brokers 88 186 194.76 95.5
MVO MV Oil Trust Units of Ben Oil & Gas E&P 95 13.05 15.13 86.25
SSB SouthState Corporation Banks - Regional 81 86.35 91.74 94.12
KRP Kimbell Royalty Partners Oil & Gas E&P 89 17.71 19.80 89.44
KEX Kirby Corporation Marine Shipping 86 67.7 72.14 93.85
SJM J.M. Smucker Company (The) New Packaged Foods 87 142.61 152.16 93.72
SP SP Plus Corporation Specialty Business Services 85 34.22 37.51 91.23
CLH Clean Harbors, Inc. Waste Management 87 115.56 123.98 93.21
LDOS Leidos Holdings, Inc. Information Technology Services 88 103.38 109.17 94.7
CALM Cal-Maine Foods, Inc. Farm Products 93 53.81 62.64 85.9
PODD Insulet Corporation Medical Devices 88 293.67 320.00 91.77
BMY Bristo Drug Manufacturers - General 89 75.96 81.17 93.58
CXW CoreCivic, Inc. REIT - Specialty 87 10.78 11.95 90.21
ELP Companhia Paranaense de Energia (COPEL) American D Utilities - Diversified 89 7.09 8.24 86.04
SSTI ShotSpotter, Inc. Software - Application 84 34.82 38.80 89.74
HCC Warrior Met Coal, Inc. Coking Coal 92 34.11 40.02 85.23
HWKN Hawkins, Inc. Specialty Chemicals 82 42.01 47.26 88.89
AMN AMN Healthcare Services Inc Medical Care Facilities 83 112.91 129.04 87.5
*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 November 11, 2022
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
No stocks met 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 33747.9
 4.15% -7.13% Up
NASDAQ 11323.3
 8.1% -27.62% Down
S&P 500 3992.93
 5.9% -16.22% 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
NASDAQ Composite Dow Jones
-0.04		 Dow Jones
4.82		 Dow Jones
-7.13
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
 Thermal Coal
 Thermal Coal
 Thermal Coal
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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