Breakoutwatch Weekly Summary 09/24/16
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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
Low Volume Levels Limit Stock Breakouts
The major indexes remain on an upward trend which was reinvigorated by the FED decision to leave interest rates unchanged. Volumes were below average for the entire week and barely reached the 50 day average on Wednesday following the Fed's announcement.
Lowered volume had an impact on the number of breakouts for the week as we generally require a 1.5 times 50 day average volume to confirm a breakout.
| No new features this week.
|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.|
|ENBL||16.39||344,244||Enable Midstream Partners - LP||Oil & Gas Pipelines||94||15.70|
|CRESY||18.20||168,596||Cresud S.A.C.I.F. y A.||Farm Products||93||17.46|
|ARLP||22.08||474,189||Alliance Resource Partners - L.P.||Industrial Metals & Minerals||93||21.19|
|BGFV||14.51||323,193||Big 5 Sporting Goods Corporation||Sporting Goods Stores||93||14.33|
|RRMS||28.56||177,060||Rose Rock Midstream - L.P.||Major Integrated Oil & Gas||92||26.28|
|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|
|Semiconductor - Memory Chips
|Photographic Equipment & Supplies
|Charts of each industry rank and performance over 12 months are available on the site|
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