Breakoutwatch Weekly Summary 08/20/16
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| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
Major Indexes Performance
| Best Performing Index
Best Performing Industry
Most Improved Industry
|The NASDAQ Composite moved sideways
this week, closing with only a 0.1% gain. A new high was set on
Monday but the index was in retreat for the rest of the week as
the index continued to consolidate the gains of the last two
months. Volumes were mostly below average indicating traders moved
cautiously as odds of a rate hike by the Federal Reserve before
year end increased. Our market signals remain positive for all
three major indexes.
|The number of breakouts fell significantly to just 13 from 29 last week. Cup and Handle Pattern breakouts dominated with two strong winners while the Volatile Squeeze pattern delivered higher average gains from just three breakouts.|
|Brkout Date||Symbol||Base||Squeeze||BrkoutOut Price||Brkout Day Close||RS Rank*||Last Close||Current % off BOP||Gain at Intraday High|
|*RS Rank on day before breakout.|
| No new features this week.
Our latest strategy suggestions are here.
|BZUN||9.90||393,903||Baozun Inc.||Catalog & Mail Order Houses||95||9.50|
|CDZI||8.00||115,616||Cadiz - Inc.||Water Utilities||94||7.85|
|EXAR||9.20||453,314||Exar Corporation||Semiconductor - Integrated Circuits||94||9.07|
|CNNX||18.22||153,838||Cone Midstream Partners LP||Oil & Gas Pipelines||94||18.09|
|TTMI||10.70||1,376,058||TTM Technologies - Inc.||Printed Circuit Boards||93||10.15|
|OFG||11.25||628,080||OFG Bancorp||Money Center Banks||93||10.98|
|SMMF||20.47||53,553||Summit Financial Group - Inc.||Regional - Mid-Atlantic Banks||92||19.90|
|These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
|Index||Value||Change Week||Change YTD||Trend1|
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.
|1 Week||13 Weeks||26 Weeks||Year-to-Date|
|1 Week||3 Weeks||13 Weeks||26 Weeks|
|Charts of each industry rank and performance over 12 months are available on the site|
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