Breakoutwatch Weekly Summary 02/01/2024
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Market Summary
Large-cap indexes move to records
Stocks recorded another week of gains, bringing the Dow Jones Industrial Average and the S&P 500 Index to new all-time highs and marking the 12th weekly advance out of the last 13 for the latter. The gains were relatively broad, although the small-cap Russell 2000 Index remained nearly 20% below its all-time intraday high. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38150 |
| Wk. Gain
| 0.38 % |
| Yr. Gain
| 1.55 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 4846 |
| Wk. Gain
| -0.88 % |
| Yr. Gain
| 2.13 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 15164 |
| Wk. Gain
| -2.01 % |
| Yr. Gain
| 1.95 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 1947 |
| Wk. Gain
| -2.01 % |
| Yr. Gain
| -3.28 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-0.78 |
-3.59 |
Down |
| Consumer Staples |
0.49 |
1.28 |
Up |
| Energy |
-0.3 |
-1.36 |
Down |
| Finance |
0.45 |
2.43 |
Up |
| Health Care |
0.49 |
2.78 |
Up |
| Industrials |
-0.6 |
-0.48 |
Up |
| Technology |
-2.42 |
3.33 |
Up |
| Materials |
-0.54 |
-3.48 |
Down |
| REIT |
-1.71 |
-4.72 |
Down |
| Telecom |
-2.03 |
4.59 |
Up |
| Utilities |
0.29 |
-2.82 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| CWH |
BLBD |
Blue Bird Corporation |
Auto Manufacturers |
82.8 % |
2.6 % |
| CWH |
LLY |
Eli Lilly and Company |
Drug Manufacturers - General |
77.5 % |
0.2 % |
| SQZ |
FCNCA |
First Citizens BancShares, Inc. |
Banks - Regional |
76 % |
1.7 % |
| CWH |
MIXT |
MiX Telematics Limited Am |
Software - Application |
75.8 % |
2.5 % |
| SQZ |
EDN |
Empresa Distribuidora Y C |
Utilities - Regulated Electric |
74.2 % |
0.4 % |
| SQZ |
CSL |
Carlisle Companies Inco |
Solar |
73.3 % |
0.1 % |
| SQZ |
WIRE |
Encore Wire Corporation |
Shell Companies |
68 % |
2.1 % |
| SQZ |
LEN |
Lennar Corporation Class A |
Residential Construction |
61.8 % |
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 |
NGS |
Natural Gas Services Group, Inc. |
Biotechnology |
72.2 % |
-0.7 % |
| SS |
UDMY |
Udemy, Inc. |
Telecom Services |
69.9 % |
-4.6 % |
| SS |
BSY |
Bentley Systems, Inco |
Software - Application |
69.8 % |
-0.9 % |
| SS |
ULBI |
Ultralife Corporation |
Real Estate Services |
60.4 % |
-1.5 % |
| SS |
HAL |
Halliburton Company |
Packaged Foods |
60.3 % |
-2.4 % |
| SS |
FSP |
Franklin Street Properties Corp. |
REIT - Office |
56.9 % |
-0.4 % |
| SS |
SOFI |
SoFi Technologies, Inc. |
Credit Services |
55.1 % |
-4.5 % |
| SS |
TRDA |
Entrada Therapeutics, Inc. |
Biotechnology |
54.7 % |
-2 % |
| SS |
VTLE |
Vital Energy, Inc. |
Biotechnology |
52.2 % |
-1.8 % |
| SS |
ROIV |
Roivant Sciences Ltd. |
Biotechnology |
51 % |
-1.9 % |
| SS |
IAG |
Iamgold Corporation Ordin |
Gold |
49.8 % |
-2.1 % |
| *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
There were no Cup and Handle Stocks meeting my Chart of the Week criteria this week.