Breakoutwatch Weekly Summary 01/08/2024
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Market Summary
Stocks start 2024 on a down note
Stocks gave back a portion of the past several weeks’ solid gains as investors appeared to rotate into sectors that lagged in 2023, including utilities, energy, consumer staples, and health care. Conversely, a slide in Apple shares following an analyst downgrade weighed on the large-cap, technology-heavy Nasdaq Composite Index. The small-cap Russell 2000 Index also fell more than the broad market. T. Rowe Price traders noted that trading volumes were relatively muted over much of the holiday-shortened week, with markets shuttered on Monday in observation of the New Year’s Day holiday. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 37466.1 |
| Wk. Gain
| -0.27 % |
| Yr. Gain
| -0.27 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 4697 |
| Wk. Gain
| -1.01 % |
| Yr. Gain
| -1.01 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 14524.1 |
| Wk. Gain
| -2.35 % |
| Yr. Gain
| -2.35 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 1951 |
| Wk. Gain
| -3.08 % |
| Yr. Gain
| -3.08 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-3.21 |
-3.21 |
Down |
| Consumer Staples |
0.15 |
0.15 |
Down |
| Energy |
0.23 |
0.23 |
Down |
| Finance |
0.4 |
0.4 |
Down |
| Health Care |
1.98 |
1.98 |
Down |
| Industrials |
-2 |
-2 |
Down |
| Technology |
-3.35 |
-3.35 |
Down |
| Materials |
-1.15 |
-1.15 |
Down |
| REIT |
-1.63 |
-1.63 |
Down |
| Telecom |
-0.56 |
-0.56 |
Down |
| Utilities |
2.11 |
2.11 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| CWH |
TK |
Teekay Corporation |
Apparel Retail |
80.1 % |
0.5 % |
| SQZ |
BBVA |
Banco Bilbao Vizcaya Argentaria S.A. |
Banks - Diversified |
78.5 % |
1.1 % |
| SQZ |
ETRN |
Equitrans Midstream Corporation |
Utilities - Regulated Electric |
75.5 % |
3 % |
| SQZ |
EOLS |
Evolus, Inc. |
Asset Management |
71.5 % |
2.9 % |
| CWH |
MG |
Mistras Group Inc |
Asset Management |
69.4 % |
4 % |
| CWH |
ASND |
Ascendis Pharma A/S |
Biotechnology |
68.4 % |
0.2 % |
| HTF |
TGTX |
TG Therapeutics, Inc. |
Biotechnology |
68 % |
4.1 % |
| SQZ |
TGH |
Textainer Group Holdings Limited |
Copper |
67.5 % |
0.1 % |
| SQZ |
MUSA |
Murphy USA Inc. |
Specialty Retail |
66.2 % |
0.5 % |
| CWH |
ELAN |
Elanco Animal Health Inco |
Biotechnology |
61.8 % |
2.3 % |
| *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 |
FTK |
Flotek Industries, Inc. |
Shell Companies |
66.6 % |
-4.8 % |
| SS |
VTLE |
Vital Energy, Inc. |
Biotechnology |
55.5 % |
-2.6 % |
| SS |
IAG |
Iamgold Corporation Ordin |
Gold |
54.5 % |
-3.7 % |
| SS |
ZUO |
Zuora, Inc. |
Software - Infrastructure |
54.1 % |
-0.7 % |
| *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. |
| There were no CWH stocks meeting our breakout model criteria |
| *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. |
Cup and Handle Chart of the Week
