Breakoutwatch Weekly Summary 02/02/2024
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
.
Market Summary
Large-cap indexes move to records
Stocks recorded another week of gains, bringing the Dow Jones Industrial Average and the S&P 500 Index to new all-time highs and marking the 12th weekly advance out of the last 13 for the latter. The gains were relatively broad, although the small-cap Russell 2000 Index remained nearly 20% below its all-time intraday high. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38519.8 |
| Wk. Gain
| 1.06 % |
| Yr. Gain
| 2.54 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 4906.19 |
| Wk. Gain
| 0.27 % |
| Yr. Gain
| 3.4 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 15361.6 |
| Wk. Gain
| -0.71 % |
| Yr. Gain
| 3.28 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 1974.42 |
| Wk. Gain
| -0.18 % |
| Yr. Gain
| -1.92 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
0.94 |
-1.6 |
Down |
| Consumer Staples |
2.08 |
3.3 |
Up |
| Energy |
-1.03 |
-1.46 |
Down |
| Finance |
0.21 |
2.49 |
Up |
| Health Care |
1.84 |
4.12 |
Up |
| Industrials |
1.49 |
1.31 |
Up |
| Technology |
-0.84 |
4.66 |
Up |
| Materials |
1.16 |
-1.89 |
Down |
| REIT |
0.58 |
-3 |
Down |
| Telecom |
-1.51 |
5.63 |
Up |
| Utilities |
2.27 |
-0.83 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
TGS |
Transportadora de Gas del Sur SA TGS |
Broadcasting |
80.2 % |
1.6 % |
| SQZ |
PAM |
Pampa Energia S.A. |
Utilities - Independent Power Producers |
79.2 % |
0.9 % |
| SQZ |
LRN |
Stride, Inc. |
Biotechnology |
78.5 % |
2.1 % |
| CWH |
LLY |
Eli Lilly and Company |
Drug Manufacturers - General |
77.9 % |
2.6 % |
| CWH |
MFIN |
Medallion Financial Corp. |
Credit Services |
77.5 % |
0.2 % |
| SQZ |
FCNCA |
First Citizens BancShares, Inc. |
Banks - Regional |
76.3 % |
0.1 % |
| CWH |
MIXT |
MiX Telematics Limited Am |
Software - Application |
75.6 % |
0.8 % |
| SQZ |
TEX |
Terex Corporation |
Biotechnology |
75.3 % |
1.9 % |
| SQZ |
EDN |
Empresa Distribuidora Y C |
Utilities - Regulated Electric |
73.9 % |
0.4 % |
| SQZ |
CSL |
Carlisle Companies Inco |
Solar |
73.3 % |
1.6 % |
| SQZ |
NX |
Quanex Building Products Corporation |
Auto Manufacturers |
68.9 % |
0.5 % |
| CWH |
ASND |
Ascendis Pharma A/S |
Biotechnology |
68.4 % |
1.2 % |
| SQZ |
WIRE |
Encore Wire Corporation |
Shell Companies |
68.3 % |
4.6 % |
| SQZ |
OC |
Owens Corning Inc |
Banks - Regional |
66.1 % |
2.3 % |
| SQZ |
GEO |
Geo Group Inc |
Restaurants |
64 % |
0.1 % |
| SQZ |
CRESY |
Cresud S.A.C.I.F. y A. |
Conglomerates |
62.6 % |
2.3 % |
| SQZ |
LEN |
Lennar Corporation Class A |
Residential Construction |
62 % |
2.9 % |
| SQZ |
CELC |
Celcuity Inc. |
Biotechnology |
51.2 % |
0.8 % |
| SQZ |
IDT |
IDT Corporation Class B |
Telecom Services |
36.5 % |
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 |
UDMY |
Udemy, Inc. |
Telecom Services |
69.9 % |
-2.3 % |
| SS |
HAL |
Halliburton Company |
Packaged Foods |
59.9 % |
-3 % |
| SS |
ULBI |
Ultralife Corporation |
Real Estate Services |
59.9 % |
-2.2 % |
| SS |
TRDA |
Entrada Therapeutics, Inc. |
Biotechnology |
56.6 % |
-0.7 % |
| SS |
VTLE |
Vital Energy, Inc. |
Biotechnology |
51.9 % |
-2.8 % |
| SS |
ROIV |
Roivant Sciences Ltd. |
Biotechnology |
50 % |
-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. |
| 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 my Chart of the Week criteria this week.