Breakoutwatch Weekly Summary 05/10/2024
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Market Summary
Late rally lifts small-caps back into positive territory for 2024
Stocks ended higher following a volatile week featuring a raft of economic and earnings data. Growth stocks outperformed value shares, which were flat overall for the week. Small-caps outpaced large-caps, helping lift the small-cap Russell 2000 Index back into slightly positive territory for the year-to-date period. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| -100 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| -100 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| |
| Wk. Gain
| -100 % |
| Yr. Gain
| -100 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
0.51 |
2.31 |
Up |
| Consumer Staples |
1.53 |
8.17 |
Up |
| Energy |
1.62 |
11.76 |
Down |
| Finance |
2.06 |
10.39 |
Up |
| Health Care |
1.19 |
4.95 |
Up |
| Industrials |
1.69 |
11 |
Up |
| Technology |
0.68 |
7.72 |
Up |
| Materials |
1.95 |
7.14 |
Up |
| REIT |
1.5 |
-5.6 |
Up |
| Telecom |
1.13 |
13.26 |
Up |
| Utilities |
3.81 |
13.6 |
Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
COST |
N/A |
Discount Stores |
75 % |
4.7 % |
| SQZ |
CSWI |
N/A |
Specialty Industrial Machinery |
71.3 % |
1.6 % |
| DB |
CM |
N/A |
Banks - Diversified |
67.3 % |
2.1 % |
| SQZ |
BBSI |
N/A |
Asset Management |
65.8 % |
2.1 % |
| CWH |
HIBB |
N/A |
Apparel Retail |
62.2 % |
0.1 % |
| SQZ |
ADSE |
N/A |
Shell Companies |
50.8 % |
0.2 % |
| SQZ |
SWAV |
Shockwave Medical, Inc. |
Medical Devices |
41.7 % |
0 % |
| SQZ |
KGS |
Kodiak Gas Services, Inc. |
Gold |
38.7 % |
3.5 % |
| SQZ |
SLN |
Silence Therapeutics Plc |
Biotechnology |
38.5 % |
4.3 % |
| SQZ |
INBK |
N/A |
Banks - Regional |
38.4 % |
2.2 % |
| SQZ |
KYMR |
Kymera Therapeutics, Inc. |
Biotechnology |
38 % |
3.2 % |
| SQZ |
MATV |
Mativ Holdings, Inc. |
Specialty Chemicals |
38 % |
1.3 % |
| SQZ |
UEC |
Uranium Energy Corp. |
Uranium |
37.6 % |
0.7 % |
| SQZ |
VRM |
Vroom, Inc. |
Medical Devices |
37.2 % |
3.7 % |
| SQZ |
NGVC |
Natural Grocers by Vitamin Cottage, Inc. |
Grocery Stores |
36.6 % |
2.5 % |
| SQZ |
MEDP |
Medpace Holdings, Inc. |
Personal Services |
36.1 % |
1.7 % |
| SQZ |
IDT |
N/A |
Telecom Services |
35.3 % |
0.3 % |
| SQZ |
PEGA |
Pegasystems Inc. |
Software - Application |
35.2 % |
2.5 % |
| SQZ |
UVE |
UNIVERSAL INSURANCE HOLDINGS INC |
Uranium |
33.7 % |
2.1 % |
| SQZ |
PLUS |
ePlus inc. |
Software - Application |
33.1 % |
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 |
SPRY |
ARS Pharmaceuticals, Inc. |
Biotechnology |
37.8 % |
-2.1 % |
| SS |
PEPG |
PepGen Inc. |
Biotechnology |
37 % |
-1.8 % |
| SS |
MLKN |
MillerKnoll, Inc. |
Metal Fabrication |
35.4 % |
-1.2 % |
| SS |
SRRK |
Scholar Rock Holding Corporation |
Biotechnology |
34.5 % |
-4.7 % |
| SS |
MDXG |
MiMedx Group, Inc |
Biotechnology |
28.3 % |
-2.3 % |
| SS |
VYGR |
Voyager Therapeutics, Inc. |
Biotechnology |
26.4 % |
-3.9 % |
| SS |
SNOW |
Snowflake Inc. |
Software - Application |
18 % |
-3.7 % |
| *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
There were no cup and handle stocks meeting our breakout model criteria this week.