Breakoutwatch Weekly Summary 05/13/17

You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.

Contents
New Features this Week
Strategy Suggestions
Breakouts Summary
Breakouts Detail
Top Cup and Handle Chart Pattern Stocks
Breakouts Index
Major Indexes Performance
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
The NASDAQ Composite was the only major index to close with a positive gain this week as it hit a new high on Tuesday. The remainder of the week showed increasing uncertainty, however, as each day showed a doji candlestick on declining volume. The NASDAQ was buoyed by technology  stocks such as Amazon, Apple and Nvidia, while the S&P 500 and DJI were held back by  losses in retail and an increasing belief that the Trump rally is over,  if it ever existed, as tax, infrastructure and health care initiatives are delayed.

Breakouts from a cup and handle pattern continued to dominate the weeks breakouts with 18 out of 24 coming from that pattern. Of the 18, 4 met our suggested minimum RS Rank requirement of 94 and gained an average 7.2% by Friday's close, compared with a 2.3% gain for all CWH breakouts. If you are not familiar with our suggested cup and handle strategy, then read it here. This newsletter always shows the cup and handle stocks meeting these criteria as of Friday's close below as Top Rated Cup and Handle Stocks.


NASDAQ Chart

New Features this Week

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Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/08/17
List Breakouts Avg. Gain
CWH 18 2.33
SQZ 5 0.64
HTF
0
HSB
0
DB 1 16.26
Breakouts Detail for Week Beginning 05/08/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-05-08 W CWH n 49.75 51 80 60.68 21.97% 32.26%
2017-05-10 NVDA DB n 110.00 121 96 127.89 16.26% 18.57%
2017-05-10 NL CWH n 9.05 9 99 10.45 15.47% 17.68%
2017-05-11 SRT CWH n 9.53 10 93 10.48 9.97% 14.17%
2017-05-08 SINA CWH n 78.71 80 82 83.5 6.09% 6.85%
2017-05-09 INWK CWH n 11.00 12 80 11.57 5.18% 8.55%
2017-05-09 APPF SQZ y 26.86 28 93 28.1 4.62% 6.38%
2017-05-08 RPD CWH n 17.43 18 88 18.19 4.36% 9.52%
2017-05-11 REI CWH y 12.99 13 85 13.5 3.93% 5.23%
2017-05-08 ASYS CWH n 7.48 8 88 7.75 3.61% 16.98%
2017-05-11 ORBK CWH n 35.84 37 82 37.03 3.32% 4.52%
2017-05-12 HIIQ CWH n 21.65 22 99 22.3 3% 5.45%
2017-05-10 MCHP CWH n 77.32 79 84 79 2.17% 3.72%
2017-05-10 HLI SQZ y 33.98 36 88 34.48 1.47% 7.86%
2017-05-09 PTLA CWH n 40.99 42 96 41.5 1.24% 4.27%
2017-05-08 LOB CWH n 24.75 25 92 25.05 1.21% 3.64%
2017-05-10 MITK CWH n 8.80 9 87 8.9 1.14% 2.27%
2017-05-08 XLNX CWH n 63.80 65 81 64.3 0.78% 2.21%
2017-05-08 KERX SQZ y 6.51 7 86 6.54 0.46% 8.14%
2017-05-08 STRL CWH n 10.90 11 96 10.92 0.18% 3.67%
2017-05-10 NTES SQZ y 271.91 279 88 271.29 -0.23% 6.54%
2017-05-09 OKSB SQZ y 25.86 26 84 25.05 -3.13% 0.73%
2017-05-08 MEET CWH n 6.11 6 87 5.03 -17.68% 5.56%
2017-05-09 HCKT CWH n 20.18 20 87 15.32 -24.08% 0.89%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday May 12, 2017
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
LMIA 14.00 87,741 LMI Aerospace - Inc. Aerospace/Defense Products & Services 96 13.95
FRBK 9.10 342,884 Republic First Bancorp - Inc. Regional - Northeast Banks 96 8.80
STRL 11.30 204,260 Sterling Construction Company Inc Heavy Construction 95 10.92
FSTR 18.35 91,126 L.B. Foster Company Railroads 94 18.15
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 20896.6
-0.53% 5.74% Up
NASDAQ 6121.23
0.34% 13.71% Up
S&P 500 2390.9
-0.35% 6.79% Up
1The Market Trend is derived from our proprietary market model. The market model is described on the sitehere.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite NASDAQ Composite
6.75 %
NASDAQ Composite
16.88 %
NASDAQ Composite
13.71 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Consumer Services
Consumer Services
Consumer Services
Consumer Services
Most Improved Industry (by change in technical rank2)
Data Storage Devices
76
Hospitals
106
Computers Wholesale
199
Computers Wholesale
167
Charts of each industry rank and performance over 12 months are available on the site

 

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