Breakoutwatch Weekly Summary 08/08/2023

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Market Summary

U.S. government’s credit rating downgraded

The major U.S. equity benchmarks started August with a down week after closing out a strong July. Stocks declined amid rising Treasury yields and an unexpected downgrade to the U.S. government’s credit rating. The technology-heavy Nasdaq Composite suffered the largest losses for the week. [more...]

Major Index Performance

Dow Jones
Last Close 35473.1
Wk. Gain -0.22 %
Yr. Gain 7.01 %
Trend Up
Dow Jones
S&P 500
Last Close 4518.44
Wk. Gain -0.71 %
Yr. Gain 17.26 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 13994.4
Wk. Gain -0.98 %
Yr. Gain 32.5 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 13994.4
Wk. Gain 613.13 %
Yr. Gain 690.76 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 2.07 34.4 Up
Consumer Staples 0.44 3.09 Up
Energy 0.81 1.7 Up
Finance 0.88 4.46 Up
Health Care 0.04 -0.82 Up
Industrials -0.44 15.32 Up
Technology -3.23 37.92 Up
Materials -0.6 8.66 Up
REIT -0.4 1.93 Down
Telecom 0.06 36.71 Up
Utilities -2.9 -10.16 Down

Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)

Watchlist Symbol Company Industry C Score* % Gain
CWH FTDR Frontdoor, Inc. Personal Services 75.6 % 4.3 %
SQZ VVX V2X, Inc. Asset Management 69.4 % 3.3 %
CWH TFII TFI International Inc. Trucking 64.5 % 2.8 %
SQZ MLP Maui Land & Pineapple Company, Inc. Real Estate Services 61 % 3.1 %
SQZ VRA Vera Bradley, Inc. Asset Management 60.7 % 3.3 %
SQZ PCVX Vaxcyte, Inc. Biotechnology 49.8 % 0.2 %
*C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage.

Breakdowns within 5% of Breakdown Price

Watchlist Symbol Company Industry C Score* % Loss
SS BSY Bentley Systems, Inco Software - Application 75.1 % -1.2 %
SS ORC Orchid Island Capital, Inc. Banks - Global 74.4 % -0.6 %
SS WCC WESCO International, Inc. Industrial Distribution 66.3 % -3.6 %
SS MFA MFA Financial, Inc. Banks - Global 59.2 % -2.3 %
SS SNOW Snowflake Inc. Software - Application 58.7 % -3.7 %
SS PMTS CPI Card Group Inc. Credit Services 57.4 % -0.2 %
SS FET Forum Energy Technologies, Inc. Industrial Distribution 56.3 % -1.8 %
SS OPY Oppenheimer Holdings, Inc. Capital Markets 53.3 % -1.1 %
SS SPRB Spruce Biosciences, Inc. Biotechnology 53.1 % -1.4 %
SS BASE Couchbase, Inc. Software - Infrastructure 51 % -4.1 %
SS NOAH Noah Holdings Limited Asset Management 49.5 % -3.9 %
SS ORGO Organogenesis Holdings Inc. Chemicals 48.1 % -2.1 %
SS TYRA Tyra Biosciences, Inc. Biotechnology 47.5 % -4.8 %
SS TPHS Trinity Place Holdings Inc. Real Estate - Development 44.4 % -3.8 %
SS VIA Via Renewables, Inc. Utilities - Regulated Electric 44.4 % -3.2 %
*C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage.

High Tight Flag Chart of the Week

Opera Limited (OPRA) Opera gained 117% in 30 sessions and has a relative strength Rank of 99. High flying stocks can fly higher and Opera is climbing again after some recent profit taking.