Breakoutwatch Weekly Summary 01/28/17
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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 led the three major indexes
to new highs with a gain of 1.9%. Volumes were at or above the 50
day average which produced a big uptick in confirmed breakouts to
25 with several showing breakout day gains of over 10%. Volatility
Squeeze (SQZ) breakouts were predominant, outnumbering cup
and handle pattern breakouts by 19 to 6. The reason for the
large number of SQZ breakouts can be found by observing that the
NASDAQ was trading in a narrow range in the previous week. A
narrow trading range implies low volatility so it was natural that
here should be many SQZ breakouts this week as the index responded
to generallly good earnings from the tech. sector.
| No new features this week.
Buy at Open Strategy for those Who Cannot Monitor the Market in Real time
Determine the amount of your portfolio that you will trade on cup and handle pattern stocks.
|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.|
|CC||25.63||5,548,918||Chemours Company (The)||Specialty Chemicals||99||25.39|
|SAIA||50.80||342,140||Saia - Inc.||Trucking||96||49.75|
|OCLR||10.35||8,821,546||Oclaro - Inc.||Semiconductor Equipment & Materials||96||9.96|
|SLM||11.87||5,868,050||SLM Corporation||Credit Services||95||11.79|
|DCO||31.11||145,182||Ducommun Incorporated||Aerospace/Defense Products & Services||95||29.28|
|KOP||43.35||185,656||Koppers Holdings Inc.||Specialty Chemicals||95||41.80|
|HBHC||46.70||1,257,411||Hancock Holding Company||Regional - Southeast Banks||94||45.70|
|GTLS||39.36||384,404||Chart Industries - Inc.||Metal Fabrication||94||38.55|
|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|
|Basic Materials Wholesale
||Basic Materials Wholesale
|Broadcasting - Radio
|Long Distance Carriers
|Basic Materials Wholesale
|Charts of each industry rank and performance over 12 months are available on the site|
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