Breakoutwatch Weekly Summary 11/23/2024
You are receiving this email because you are or were a
BreakoutWatch.com subscriber, or have subscribed to our weekly
newsletter.
To read this newsletter on the site, click here: Newsletter
.
Contents
Market Summary
Indexes approach record highs with broad-based gains
Major stock indexes finished the week higher, recovering some of the previous week’s losses despite some continuing uncertainty around the incoming Trump administration’s policies and escalating geopolitical tensions stemming from the conflict between Russia and Ukraine. Gains for the week were also relatively broad-based, with smaller-cap indexes outperforming large-caps and an equal-weighted version of the S&P 500 Index outpacing its more familiar capitalization-weighted counterpart. Similarly, the price of Bitcoin continued its postelection rally and notched its third consecutive week with a gain exceeding 10%. [more...]
Major Index Performance
| Dow Jones | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| S&P 500 | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| NASDAQ Comp. | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
| Russell 2000 | |
|---|---|
| Last Close | |
| Wk. Gain | -100 % |
| Yr. Gain | -100 % |
| Trend | Up |
|
|
Performance by Sector
| Sector | Wk. Change % | Yr. Change % | Trend |
|---|---|---|---|
| Consumer Discretionary | 1.45 | 21.57 | Up |
| Consumer Staples | 3.07 | 15.72 | Up |
| Energy | 2.78 | 15.95 | Up |
| Finance | 1.89 | 36.01 | Up |
| Health Care | 2.17 | 6.46 | Down |
| Industrials | 2.87 | 26.43 | Up |
| Technology | 3.09 | 30.04 | Up |
| Materials | 3.03 | 11.62 | Up |
| REIT | 3.06 | 9.3 | Up |
| Telecom | 1.25 | 30.86 | Up |
| Utilities | 2.92 | 29.12 | Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist | Symbol | Company | Industry | C Score* | % Gain |
|---|---|---|---|---|---|
| SQZ | CNS | Cohen & Steers Inc | Packaged Foods | 73.5 % | 1.4 % |
| HTF | ETON | Eton Pharmaceuticals, Inc. | Packaged Foods | 71.7 % | 1.1 % |
| SQZ | KARO | Karooooo Ltd. | Utilities - Renewable | 71.2 % | 3.9 % |
| HTF | RKLB | Rocket Lab USA, Inc. | Insurance - Specialty | 70.6 % | 3.1 % |
| CWH | REPX | Riley Exploration Permian, Inc. | Biotechnology | 70.5 % | 4.2 % |
| CWH | CHWY | Chewy, Inc. | Personal Services | 68.4 % | 2 % |
| CWH | DELL | Dell Technologies Inc. | Utilities - Diversified | 67.7 % | 2 % |
| SQZ | NMRK | Newmark Group, Inc. | Oil & Gas Midstream | 65.6 % | 2.1 % |
| CWH | SQ | Block, Inc. | Utilities - Regulated Gas | 64.8 % | 2.5 % |
| CWH | PHIN | PHINIA Inc. | Specialty Retail | 63.1 % | 2.5 % |
| CWH | STKL | SunOpta, Inc. | Insurance - Specialty | 61.6 % | 0.9 % |
| *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* |
|---|---|---|---|---|---|---|
| SIRI | 0 | UFP Technologies, Inc. | Drug Manufacturers - General | 77.00 | 64.7 | |
| JANX | 58.06 | Janux Therapeutics, Inc. | Biotechnology | 96.00 | 86.65 | 53.8 |
| COMP | 7.01 | Compass, Inc. | Oil & Gas Midstream | 94.00 | 97.43 | 65.6 |
| VERA | 51.61 | Vera Therapeutics, Inc. | Biotechnology | 92.00 | 93.61 | 47.5 |
| CHWY | 68.4 | |||||
| AA | 67.2 | |||||
| PHIN | 63.1 | |||||
| MMYT | 77.6 | |||||
| UIS | 8.49 | Unisys Corporation New | Utilities - Regulated Electric | 91.00 | 96.47 | 62.7 |
| AKRO | 49.9 | |||||
| UTI | 71.3 | |||||
| EGBN | 30.23 | Eagle Bancorp, Inc. | Household & Personal Products | 82.00 | 97.29 | 57.7 |
| MARA | 60.4 | |||||
| PRG | 49.90 | PROG Holdings, Inc. | Utilities - Regulated Electric | 82.00 | 95.05 | 68.5 |
| REVG | 31.07 | REV Group, Inc. | Telecom Services | 83.00 | 99.49 | 66.3 |
| DELL | 67.7 | |||||
| FISI | 61.3 | |||||
| HTBI | 38.62 | HomeTrust Bancshares, Inc. | Household & Personal Products | 80.00 | 97.57 | 57 |
| BVFL | 60.4 | |||||
| FCF | 19.51 | First | Household & Personal Products | 80.00 | 98.46 | 54.6 |
| SQ | 64.8 | |||||
| STKL | 61.6 | |||||
| HUBS | 60.8 | |||||
| *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.