Breakoutwatch Weekly Summary 06/02/2024
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Market Summary
Growth shares lead stocks lower
Most of the major benchmarks closed lower over the holiday-shortened week but rounded out a month of gains. In contrast to much of the month, small-caps performed better than large-caps, and value stocks held up better than growth shares. The technology-heavy Nasdaq Composite was especially weak, due in part to a sharp decline in cloud software provider Salesforce, which fell sharply after releasing first-quarter revenues that missed consensus estimates. Markets were shuttered Monday in observance of the Memorial Day holiday. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38686 |
| Wk. Gain
| -0.88 % |
| Yr. Gain
| 2.98 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 5278 |
| Wk. Gain
| -0.71 % |
| Yr. Gain
| 11.23 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 5278 |
| Wk. Gain
| -68.93 % |
| Yr. Gain
| -64.52 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 2070 |
| Wk. Gain
| -0.29 % |
| Yr. Gain
| 2.83 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
0.52 |
0.46 |
Down |
| Consumer Staples |
0.28 |
8.19 |
Up |
| Energy |
1.66 |
10.68 |
Down |
| Finance |
0.09 |
10.09 |
Down |
| Health Care |
-0.36 |
5.11 |
Down |
| Industrials |
-0.93 |
9.45 |
Down |
| Technology |
-2.74 |
11.84 |
Up |
| Materials |
0.12 |
7.01 |
Up |
| REIT |
1.2 |
-5.46 |
Up |
| Telecom |
0.43 |
14.65 |
Up |
| Utilities |
1.48 |
15.46 |
Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
SWAV |
Shockwave Medical, Inc. |
Drug Manufacturers - General |
74.1 % |
0.1 % |
| SQZ |
KRYS |
Krystal Biotech, Inc. |
Biotechnology |
73 % |
2.4 % |
| SQZ |
EGY |
VAALCO Energy, Inc. |
Oil & Gas Drilling |
71.3 % |
1.3 % |
| CWH |
LOGI |
Logitech International S.A. |
Utilities - Diversified |
69.4 % |
3.5 % |
| SQZ |
BCC |
Boise Cascade, L.L.C. |
Telecom Services |
61.9 % |
1.6 % |
| SQZ |
KRT |
Karat Packaging Inc. |
Biotechnology |
58.4 % |
0.4 % |
| SQZ |
SGHT |
Sight Sciences, Inc. |
Drug Manufacturers - General |
56.9 % |
3.6 % |
| SQZ |
MTRX |
Matrix Service Company |
Biotechnology |
54 % |
1.3 % |
| *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 |
LRCX |
Lam Research Corporation |
Personal Services |
64.9 % |
-0.2 % |
| SS |
MNTX |
Manitex International, Inc. |
Marine Shipping |
64.4 % |
-1.7 % |
| SS |
MDXG |
MiMedx Group, Inc |
Biotechnology |
64.1 % |
-1.4 % |
| SS |
RSVR |
Reservoir Media, Inc. |
Other Precious Metals & Mining |
62.3 % |
-0.9 % |
| SS |
TPG |
TPG Inc. |
Packaged Foods |
60.8 % |
-4.5 % |
| SS |
HYLN |
Hyliion Holdings Corp. Class A |
Specialty Retail |
46.6 % |
-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
There were no cup and handle stocks meeting our breakout model criteria this week.