Breakoutwatch Weekly Summary 06/16/2024

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Contents

Market Summary

Market’s narrow advance continues

The major indexes ended mostly higher for the week, with the S&P 500 Index and Nasdaq Composite touching new highs. The market’s advance remained exceptionally narrow for the second consecutive week, however, with an equally weighted version of the S&P 500 trailing its more familiar, capitalization-weighted counterpart by 215 basis points (2.15 percentage points). [more...]

Major Index Performance

Dow Jones
Last Close 38589
Wk. Gain -0.51 %
Yr. Gain 2.72 %
Trend Down
Dow Jones
S&P 500
Last Close 5432
Wk. Gain 1.7 %
Yr. Gain 14.48 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 17689
Wk. Gain 3.55 %
Yr. Gain 18.93 %
Trend Up
NASDAQ Comp.
Russell 2000
Last Close 2006
Wk. Gain -0.3 %
Yr. Gain -0.35 %
Trend Down
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary 0.27 0.95 Up
Consumer Staples -1.24 7.03 Down
Energy -2.38 4.42 Down
Finance -1.24 7.36 Down
Health Care -0.2 6.52 Up
Industrials -0.5 7.05 Down
Technology 5.82 21.22 Up
Materials -0.88 3.18 Down
REIT 1.57 -4.6 Up
Telecom -0.25 15.79 Up
Utilities -0.03 11.1 Down

Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)

Watchlist Symbol Company Industry C Score* % Gain
SQZ KRYS Krystal Biotech, Inc. Biotechnology 77.5 % 0.5 %
CWH HUT Hut 8 Corp. Capital Markets 70.8 % 4.2 %
SQZ PGY Pagaya Technologies Ltd. Software - Infrastructure 68.1 % 2.5 %
SQZ BKNG Booking Holdings Inc. Travel Services 66.9 % 0.1 %
SQZ HLT Hilton Worldwide Holdings Inc. Lodging 64.8 % 2.2 %
SQZ MEG Montrose Environmental Group, Inc. Waste Management 64.1 % 1.2 %
SQZ AMKR Amkor Technology, Inc. Semiconductor Equipment & Materials 62.9 % 2.3 %
SQZ MTSI MACOM Technology Solutions Holdings, Inc. Semiconductors 62 % 1.6 %
SQZ STX Seagate Technology Holdings PLC Computer Hardware 61.3 % 4.4 %
SQZ ELYM Eliem Therapeutics, Inc Biotechnology 60.3 % 3.5 %
CWH BLTE Belite Bio, Inc Biotechnology 59.8 % 1.6 %
SQZ CNTA Centessa Pharmaceuticals plc Biotechnology 57.4 % 4.8 %
SQZ PHAT Phathom Pharmaceuticals, Inc. Biotechnology 56.2 % 3.6 %
SQZ UCTT Ultra Clean Holdings, Inc. Semiconductor Equipment & Materials 54.5 % 1.4 %
*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 TDW Tidewater Inc. Oil & Gas Equipment & Services 81 % -2.3 %
SS FCNCA First Citizens BancShares, Inc. Banks - Regional 64.8 % -2.5 %
SS MDXG MiMedx Group, Inc Biotechnology 64.4 % -3.9 %
SS GE GE Aerospace Aerospace & Defense 64 % -3.4 %
SS AMD Advanced Micro Devices, Inc. Semiconductors 63 % -1.6 %
SS WAL Western Alliance Bancorporation Banks - Regional 60.3 % -3.5 %
SS HOV Hovnanian Enterprises, Inc. Residential Construction 57.6 % -2.8 %
SS CNXN PC Connection, Inc. Electronics & Computer Distribution 56.2 % -2.9 %
SS LQDA Liquidia Corporation Biotechnology 52.5 % -3.6 %
SS SPRY ARS Pharmaceuticals, Inc. Biotechnology 50.1 % -4.3 %
SS KAI Kadant Inc Specialty Industrial Machinery 49.2 % -1.8 %
SS HYLN Hyliion Holdings Corp. Class A Auto Parts 48.6 % -2 %
SS MODD Modular Medical, Inc. Medical Devices 46.9 % -0.6 %
SS RBLX Roblox Corporation Class A Electronic Gaming & Multimedia 44.1 % -1.2 %
SS NAUT Nautilus Biotechnology, Inc. Biotechnology 31.4 % -3.8 %
*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 Stocks Likely to Breakout next Week

Symbol BoP Company Industry Relative Strength Rank Within x% of BoP C Score*
symbol,date,brkoutPrice,brkoutVolume,companyName,industryId,optionable,ETF,industryGroup,technicalStrngth,fundmntlStrngth,industryRank,rsRank,lastClose,vol_50dma,exchange,offPivotPC,priceBOProb,closeUp,advRatio,squeeze,mom,momSlope,trigger,eps,marketCap,CEF2,CEF3,maxHigh,value,pbRank,accumulation,newHigh 0 Zymeworks Inc. Biotechnology 56.00 81
HUT,2024-05-31,10.61,4936731,Hut 8 Corp.,305,n,0,Beverages - Non-Alcoholic,5,4,28,98.00,8.69,3291154.2,NASDAQ,81.9,0.00,0,0.9,n,0.82,-0.18,0.00,,N/A,1,0.45,18.42,0,,0,N 81
MOD,2024-05-31,109.53,1403032,Modine Manufacturing Company,203,n,0,Specialty Retail,5,4,75,96.00,100.92,935354.66,NYSE,92.14,0.00,0,0.9,n,-0.34,1.57,0.00,0.29,N/A,1,0.3,109.53,0,53.00,0,N 81
JMIA,2024-05-31,7.43,4920621,Jumia Technologies AG Ame,217,n,0,Personal Services,5,3,42,94.00,7.09,3280413.9,NYSE,95.42,0.00,0,1.5,n,0.00,0.00,0.00,0.29,N/A,0.6,0.45,8.1,0,53.00,0,N 81
UTI,2024-05-31,17.09,831092,Universal Technical Institute Inc ,601,n,0,Biotechnology,5,4,74,92.00,15.81,554061.18,NYSE,92.51,0.00,0,0.9,n,0.82,-0.21,0.00,-0.09,N/A,1,0.8,17.09,7,20.00,0,N 81
KURA,2024-05-31,23.10,1118090,Kura Oncology - Inc.,601,n,0,Biotechnology,5,2,74,91.00,20.61,745393.06,NASDAQ,89.22,0.00,0,0.6,n,0.00,0.02,0.00,-0.37,N/A,0.6,0.3,24.17,0,48.00,0,N 81
WDC,2024-05-31,76.89,9926068,Western Digital Corporation,1105,n,0,Utilities - Diversified,5,3,59,91.00,75.29,6617378.58,NASDAQ,97.92,0.00,0,0.9,y,4.32,0.41,75.30,3.78,N/A,1,0.7,76.89,0,45.00,0,N 81
ACIC,2024-05-31,14.38,465020,American Coastal Insurance Corporation,308,n,0,Beverages - Wineries & Distilleries,5,4,5,90.00,11.8,310013.5,NASDAQ,82.06,0.00,0,0.7,n,-0.16,0.02,0.00,3.78,N/A,1,0.45,14.38,0,31.00,0,N 81
ITOS,2024-05-31,18.75,669615,iTeos Therapeutics - Inc.,601,n,0,Biotechnology,5,2,74,89.00,16.74,446410.32,NASDAQ,89.28,0.00,0,0.8,n,-0.28,0.01,0.00,3.78,N/A,0.6,0.7,18.75,0,57.00,0,N 81
BE,2024-05-31,18.14,10701747,Bloom Energy Corporation Class A,601,n,0,Biotechnology,5,3,74,88.00,16.32,7134498.24,NYSE,89.97,0.00,0,0.9,n,4.77,-0.71,0.00,3.78,N/A,0.6,0.5,18.76,0,100.00,0,N 81
EVR,2024-05-31,206.32,506022,Evercore Inc.,305,n,0,Beverages - Non-Alcoholic,5,4,28,88.00,202.94,337348.08,NYSE,98.36,0.00,0,1.1,n,0.00,0.00,0.00,1.39,N/A,1,0.7,206.32,0,74.00,0,N 81
PRM,2024-05-31,8.18,1155913,Perimeter Solutions - SA O,104,n,0,Advertising Agencies,5,4,32,88.00,7.6,770608.34,NYSE,92.91,0.00,0,1.1,n,-0.17,0.00,0.00,1.39,N/A,0.6,0.3,8.18,0,74.00,0,N 81
AMCX,2024-05-31,18.03,944038,AMC Networks Inc.,805,n,0,Other Precious Metals & Mining,5,3,52,87.00,17.34,629358.34,NASDAQ,96.17,0.00,0,0.9,n,2.11,-1.53,0.00,1.51,N/A,1,0.3,20.97,0,62.00,0,N 81
URI,2024-05-31,715.34,760252,United Rentals - Inc.,601,n,0,Biotechnology,5,3,74,86.00,669.41,506834.9,NYSE,93.58,0.00,0,1.7,n,-27.26,11.64,0.00,3.28,N/A,1,0.4,732.37,0,74.00,0,N 81
SILK,2024-05-31,22.89,899776,Silk Road Medical - Inc.,608,n,0,Drug Manufacturers - General,5,3,78,86.00,21.74,599850.34,NASDAQ,94.98,0.00,0,3.3,n,0.00,0.00,0.00,3.28,N/A,0.6,0.7,34.13,0,93.00,0,N 81
WMS,2024-05-31,184.27,671342,Advanced Drainage Systems - Inc.,303,n,0,Household & Personal Products,5,4,21,86.00,173.49,447561.3,NYSE,94.15,0.00,0,1.0,n,0.00,0.00,0.00,0.21,N/A,1,0.3,184.27,0,88.00,0,N 81
WAL,2024-05-31,65.79,1408836,Western Alliance Bancorporation,303,n,0,Household & Personal Products,5,4,21,85.00,63.03,939224.2,NYSE,95.8,0.00,0,0.9,n,-0.07,1.62,0.00,0.83,N/A,1,0.4,70.23,0,54.00,0,N 81
WVE,2024-05-31,6.63,927295,Wave Life Sciences Ltd.,601,n,0,Biotechnology,5,3,74,85.00,6.18,618196.82,NASDAQ,93.21,0.00,0,1.7,n,0.49,-0.06,0.00,-1.00,N/A,0.6,0.45,7.67,0,76.00,0,N 81
AESI,2024-05-31,24.93,1069173,Atlas Energy Solutions Inc.,706,n,0,Marine Shipping,5,4,37,85.00,24.22,712782,NYSE,97.15,0.00,0,2.0,n,0.00,0.00,0.00,-1.00,N/A,1,0.4,24.93,0,76.00,0,N 81
VCEL,2024-05-31,51.96,595360,Vericel Corporation,601,n,0,Biotechnology,5,4,74,84.00,47.7,396906.36,NASDAQ,91.8,0.00,0,0.5,n,-0.82,-0.90,0.00,-0.07,N/A,0.6,0.8,53.05,0,93.00,0,N 81
MARA,2024-05-31,22.86,70568920,Marathon Digital Holdings - Inc.,305,n,0,Beverages - Non-Alcoholic,5,5,28,84.00,19.52,47045946.58,NASDAQ,85.39,0.00,0,0.8,n,2.26,-0.62,0.00,0.50,N/A,1,0.65,34.09,0,68.00,0,N 81
SEM,2024-05-31,35.08,815476,Select Medical Holdings Corporation,605,n,0,Health Information Services,5,3,71,84.00,34.55,543650.76,NYSE,98.49,0.00,0,0.9,n,0.00,0.00,0.00,0.19,N/A,1,0.65,35.08,0,72.00,0,N 81
NMRK,2024-05-31,11.40,1486369,Newmark Group - Inc.,402,n,0,Oil & Gas Midstream,5,3,68,84.00,10.41,990912.96,NASDAQ,91.32,0.00,0,0.8,n,0.00,0.00,0.00,0.19,N/A,0.6,0.6,11.51,0,65.00,0,N 81
OSW,2024-05-31,15.58,682092,OneSpaWorld Holdings Limited,220,n,0,Lodging,5,4,72,84.00,15.55,454727.82,NASDAQ,99.81,0.00,0,1.5,y,0.79,0.36,15.56,0.19,N/A,1,0.7,15.58,0,59.00,0,N 81
JPM,2024-05-31,205.88,14298163,JP Morgan Chase & Co.,302,n,0,Education & Training Services,5,4,3,83.00,202.63,9532108.74,NYSE,98.42,0.00,0,1.5,n,0.00,0.00,0.00,1.69,N/A,1,0.55,205.88,0,43.00,0,N 81
WLK,2024-05-31,161.31,632748,Westlake Corporation,104,n,0,Advertising Agencies,5,3,32,83.00,160.56,421831.72,NYSE,99.54,0.00,0,0.8,y,4.29,2.96,160.57,1.65,N/A,1,0.7,162.64,0,39.00,0,N 81
DDS,2024-05-31,460.22,140513,N/A,214,n,0,Travel Services,5,3,34,83.00,447.35,93675.1,NYSE,97.2,0.00,0,0.9,n,0.83,-21.31,0.00,1.56,N/A,1,0.7,476.48,0,55.00,0,N 81
RBB,2024-05-31,19.21,59633,RBB Bancorp,303,n,0,Household & Personal Products,5,3,21,83.00,18.37,39755.62,NASDAQ,95.63,0.00,0,0.8,n,-0.16,0.05,0.00,0.40,N/A,1,0.7,20.22,5,17.00,0,N 81
GENK,2024-05-31,13.12,126411,GEN Restaurant Group - Inc.,212,n,0,Residential Construction,5,4,66,83.00,11.13,84274.2,NASDAQ,84.83,0.00,0,0.3,n,-0.03,-0.15,0.00,0.40,N/A,1,0.3,20.5,0,17.00,0,N 81
JEF,2024-05-31,47.87,1433932,Jefferies Financial Group Inc.,305,n,0,Beverages - Non-Alcoholic,5,4,28,83.00,46.52,955954.42,NYSE,97.18,0.00,0,0.7,n,0.00,0.00,0.00,0.35,N/A,1,0.7,47.87,5,10.00,0,N 81
FHN,2024-05-31,16.28,8300768,First Horizon Corporation,303,n,0,Household & Personal Products,5,3,21,82.00,15.84,5533845.2,NYSE,97.3,0.00,0,0.9,y,0.05,0.16,15.85,0.30,N/A,1,0.7,16.28,3,20.00,0,N 81
EQBK,2024-05-31,34.99,66647,Equity Bancshares - Inc.,303,n,0,Household & Personal Products,5,3,21,82.00,33.7,44431.1,NYSE,96.31,0.00,0,1.2,n,-0.52,0.49,0.00,0.50,N/A,1,0.7,34.99,3,18.00,0,N 81
DRS,2024-05-31,24.84,818524,Leonardo DRS - Inc.,601,n,0,Biotechnology,5,4,74,82.00,23.55,545682.76,NASDAQ,94.81,0.00,0,0.8,n,0.00,0.00,0.00,0.50,N/A,1,0.7,24.84,0,18.00,0,N 81
MEOH,2024-05-31,56.43,485201,Methanex Corporation,103,n,0,Entertainment,5,3,23,82.00,53.68,323467.04,NASDAQ,95.13,0.00,0,0.6,n,0.85,-1.67,0.00,1.20,N/A,1,0.7,56.43,0,41.00,0,N 81
AMRK,2024-05-31,42.48,708253,A-Mark Precious Metals - Inc.,305,n,0,Beverages - Non-Alcoholic,5,4,28,82.00,37.94,472168.56,NASDAQ,89.31,0.00,0,0.6,n,0.82,-0.02,0.00,-0.12,N/A,1,0.3,42.48,0,28.00,0,N 81
HOV,2024-05-31,184.42,108478,Hovnanian Enterprises - Inc.,206,n,0,Apparel Retail,5,3,15,81.00,143.78,72318.82,NYSE,77.96,0.00,0,1.6,n,-25.22,1.91,0.00,-0.04,N/A,1,0.8,184.42,0,28.00,0,N 81
VERX,2024-05-31,34.36,1205810,Vertex - Inc.,1102,n,0,Utilities - Renewable,5,4,73,80.00,33.05,803873.14,NASDAQ,96.19,0.00,0,1.5,n,0.00,0.00,0.00,-0.04,N/A,1,0.5,35.38,0,90.00,0,N 81
CTAS,2024-05-31,705.74,573491,Cintas Corporation,1002,n,0,Software - Infrastructure,5,4,25,80.00,677.97,382327.18,NASDAQ,96.07,0.00,0,1.7,n,-12.14,18.90,0.00,1.23,N/A,1,0.7,705.74,0,89.00,0,N 81
CSTM,2024-05-31,21.96,1257093,Constellium SE Ordinary S,107,n,0,Publishing,5,3,1,80.00,21.67,838061.74,NYSE,98.68,0.00,0,0.8,n,0.00,0.00,0.00,0.11,N/A,0.6,0,23.2,0,89.00,0,N 81
ASML,2024-05-31,992.88,1495029,ASML Holding N.V.,601,n,0,Biotechnology,5,4,74,80.00,960.35,996686.2,NASDAQ,96.72,0.00,0,0.9,n,0.00,0.00,0.00,1.29,N/A,1,0.3,1056.34,0,89.00,0,N 81
*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.