Breakoutwatch Weekly Summary 10/17/2024
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Contents
Market Summary
Stocks reach new highs as earnings season kicks off
The S&P 500 Index, Dow Jones Industrial Average, and S&P MidCap 400 Index all moved to record highs over the week, helped by some upside surprises to kick off earnings season. Shares in JPMorgan Chase and Wells Fargo rose on Friday after the banking giants reported smaller-than-feared declines in third-quarter profits, while the former managed a small increase in revenues. [more...]
Major Index Performance
| Dow Jones | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Down |
|
|
| S&P 500 | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Down |
|
|
| NASDAQ Comp. | |
|---|---|
| Last Close | 18367.1 |
| Wk. Gain | 0.82 % |
| Yr. Gain | 23.48 % |
| Trend | Down |
|
|
| Russell 2000 | |
|---|---|
| Last Close | 18367.1 |
| Wk. Gain | 23.48 % |
| Yr. Gain | 812.42 % |
| Trend | Down |
|
|
Performance by Sector
| Sector | Wk. Change % | Yr. Change % | Trend |
|---|---|---|---|
| Consumer Discretionary | 5394.85 | 5959.35 | Down |
| Consumer Staples | 9544.05 | 9462.71 | Down |
| Energy | 14957.47 | 23520.24 | Down |
| Finance | 18798.14 | 25029.43 | Down |
| Health Care | 8146.35 | 9437.88 | Down |
| Industrials | 11768.12 | 12618.72 | Down |
| Technology | 8282.21 | 8282.21 | Down |
| Materials | 14675.24 | 14675.24 | Down |
| REIT | 19617.77 | 19617.77 | Down |
| Telecom | 20963.19 | 20963.19 | Down |
| Utilities | 12918.93 | 12918.93 | Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist | Symbol | Company | Industry | C Score* | % Gain |
|---|---|---|---|---|---|
| *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 | There were no Breakdowns still within 5% of breakdown price this week |
|---|---|---|---|---|---|
| *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* |
|---|---|---|---|---|---|---|
| LUMN | 0 | TD SYNNEX Corporation | Household & Personal Products | 59.00 | 55.1 | |
| NYCB | 52.9 | |||||
| VKTX | 36.5 | |||||
| TPC | 73.7 | |||||
| VERA | 47.30 | Vera Therapeutics, Inc. | Biotechnology | 94.00 | 85.01 | 37.8 |
| APGE | 60.82 | Apogee Therapeutics, Inc. | Biotechnology | 91.00 | 90.23 | 37 |
| BBAR | 59.6 | |||||
| MHO | 68.3 | |||||
| MHK | 61.4 | |||||
| MAX | 36.9 | |||||
| KKR | 39.1 | |||||
| ZYME | 39.7 | |||||
| HMST | 16.10 | HomeStreet, Inc. | Household & Personal Products | 90.00 | 93.66 | 38 |
| EVR | 73.8 | |||||
| TBBK | 71.5 | |||||
| TARS | 42.8 | |||||
| PRIM | 69.7 | |||||
| SLNO | 37.6 | |||||
| SKYH | 33 | |||||
| BLBD | 36.4 | |||||
| QNST | 62.4 | |||||
| WING | 433.86 | Wingstop Inc. | Residential Construction | 86.00 | 90.59 | 37.1 |
| BSRR | 61.7 | |||||
| CHWY | 35.8 | |||||
| RYTM | 36.5 | |||||
| FISI | 68.5 | |||||
| OSPN | 16.68 | OneSpan Inc. | Utilities - Regulated Gas | 89.00 | 93.47 | 63.7 |
| EXP | 66.4 | |||||
| ESQ | 39.1 | |||||
| DASH | 38.1 | |||||
| RBB | 37.8 | |||||
| PEGA | 72.2 | |||||
| ATGE | 65.5 | |||||
| AFRM | 39.6 | |||||
| PRK | 66.4 | |||||
| TMHC | 33.7 | |||||
| NVEI | 33.50 | Nuvei Corporation | Utilities - Regulated Gas | 84.00 | 99.88 | 36.1 |
| CALM | 71.9 | |||||
| CBAN | 56.2 | |||||
| MTH | 63 | |||||
| ABCB | 71.5 | |||||
| FITB | 59.6 | |||||
| ITRI | 67.3 | |||||
| COOP | 36.8 | |||||
| WEAV | 40.5 | |||||
| MC | 34.4 | |||||
| CVCO | 64.1 | |||||
| EQBK | 36.6 | |||||
| RH | 350.29 | RH | Footwear & Accessories | 80.00 | 95.73 | 38.6 |
| DFH | 30 | |||||
| FTNT | 66.1 | |||||
| CNO | 63.2 | |||||
| FFIN | 64.1 | |||||
| RYAN | 38.2 | |||||
| MCB | 39 | |||||
| VFC | 21.40 | V.F. Corporation | Leisure | 87.00 | 91.07 | 52.8 |
| BWB | 37.5 | |||||
| SSB | 62.1 | |||||
| VBTX | 36 | |||||
| ARGX | 36 | |||||
| MTB | 55.8 | |||||
| *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 Chart of the Week
There were no cup and handle stocks meeting our breakout model criteria this week.