Breakoutwatch Weekly Summary 04/05/2024
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Market Summary
Stocks close out strong quarter with gains
Most of the major indexes advanced over the shortened trading week to end a quarter of strong gains. The S&P 500 Index recorded new closing and intraday highs to end the week. The market’s advance was notably broad, with an equal-weighted version of the S&P 500 Index gaining 1.64%, well ahead of the 0.39% increase in the more familiar market-weighted version. Small-caps also easily outperformed large-caps, and the Russell 1000 Value Index gained 1.79%, in contrast with the 0.60% decline in its growth counterpart. Markets were closed on Friday in observance of the Good Friday holiday but were scheduled to reopen on Monday in advance of many international markets. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38597 |
| Wk. Gain
| INF % |
| Yr. Gain
| 2.74 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 5147.21 |
| Wk. Gain
| INF % |
| Yr. Gain
| 8.48 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| 16049.1 |
| Wk. Gain
| INF % |
| Yr. Gain
| 7.9 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| 16049.1 |
| Wk. Gain
| 7.9 % |
| Yr. Gain
| 697.27 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-3.55 |
1.29 |
Up |
| Consumer Staples |
-2.94 |
4.11 |
Down |
| Energy |
2.4 |
14.64 |
Up |
| Finance |
-2.57 |
8.81 |
Up |
| Health Care |
-3.85 |
4.21 |
Down |
| Industrials |
-1.78 |
9.67 |
Up |
| Technology |
-2.45 |
7.14 |
Down |
| Materials |
-1.48 |
7.09 |
Up |
| REIT |
-3.72 |
-5.15 |
Down |
| Telecom |
0.2 |
12.25 |
Up |
| Utilities |
-1.14 |
3.48 |
Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
LPG |
Dorian LPG Ltd. |
Biotechnology |
78.5 % |
3.5 % |
| SQZ |
NSSC |
NAPCO Security Technologies, Inc. |
Medical Devices |
76.7 % |
1.6 % |
| SQZ |
FRO |
Frontline Plc Ordinary Sh |
Banks - Regional |
76.5 % |
3.8 % |
| CWH |
HUBS |
HubSpot, Inc. |
Software - Application |
75.6 % |
1.3 % |
| SQZ |
GEOS |
Geospace Technologies Corporation |
Restaurants |
75.1 % |
0.1 % |
| SQZ |
WEAV |
Weave Communications, Inc. |
Software - Application |
73 % |
1.9 % |
| SQZ |
ESEA |
Euroseas Ltd. |
Marine Shipping |
71.2 % |
1.3 % |
| SQZ |
LCUT |
Lifetime Brands, Inc. |
Biotechnology |
69.2 % |
1.8 % |
| SQZ |
AVDL |
Avadel Pharmaceuticals plc |
Agricultural Inputs |
68.6 % |
1.8 % |
| SQZ |
AVPT |
AvePoint, Inc. |
Software - Infrastructure |
66.6 % |
2.6 % |
| SQZ |
UEC |
Uranium Energy Corp. |
Uranium |
61.7 % |
2.7 % |
| *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. |
Breakdowns within 5% of Breakdown Price
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Loss |
| SS |
SKT |
Tanger Inc. |
REIT - Retail |
76.7 % |
-2.6 % |
| SS |
YELP |
Yelp Inc. |
Software - Application |
66 % |
-0.6 % |
| SS |
NHC |
National HealthCare Corporation |
Medical Care Facilities |
65.9 % |
-3.5 % |
| SS |
PRDO |
Perdoceo Education Corporation |
Medical Devices |
63.7 % |
-1.5 % |
| SS |
CMT |
Core Molding Technologies Inc |
Specialty Chemicals |
59.5 % |
-2.2 % |
| SS |
NEO |
NeoGenomics, Inc. |
Real Estate Services |
54.9 % |
-3.6 % |
| SS |
TGI |
Triumph Group, Inc. |
Copper |
52.4 % |
-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. |
| 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 our breakout model criteria this week.