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