Breakoutwatch Weekly Summary 03/25/17

You are receiving this email because you are or were a 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.

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

By Tuesday it became evident that repeal and replace of Obamacare was in trouble. Although the NASDAQ did recover from Tuesday's close, it did so on low volume and closed with a loss of 1.22% for the week. Lower than average volume shows that confidence in the Trump rally is slipping and the markets must now worry that promised tax  reform and infrastructure spending may now be delayed or in jeopardy.

Low volume kept the number of breakouts for the week to just 4 all of which came from a  cup and handle pattern. FLXN broke out on Thursday on news of a  takeover offer and we issued an alert at 10:39 am when the price was $22.55. The stock closed on Friday at $27.27 representing a gain of 21% over the alert price.


New Features this Week

No new features this week.
Strategy Suggestions

Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 03/20/17
List Breakouts Avg. Gain
CWH 4 5.11
Breakouts Detail for Week Beginning 03/20/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-03-23 FLXN CWH n 21.50 26 91 27.27 26.84% 31.16%
2017-03-23 CWST CWH n 13.42 14 92 13.76 2.53% 4.32%
2017-03-24 SLP CWH n 10.80 11 83 10.95 1.39% 2.78%
2017-03-20 CRBP CWH n 10.15 10 98 9.1 -10.34% 3.45%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday March 24, 2017
Symbol BO
Company Industry RS
BZUN 16.20 653,154 Baozun Inc. Catalog & Mail Order Houses 96 14.93
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 20596.7
-1.52% 4.22% Up
NASDAQ 5828.74
-1.22% 8.28% Up
S&P 500 2343.98
-1.44% 4.7% 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
3.33 %
Dow Jones
12.79 %
NASDAQ Composite
8.28 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
General Entertainment
General Entertainment
Basic Materials Wholesale
Regional - Southwest Banks
Most Improved Industry (by change in technical rank2)
Diversified Computer Systems
Consumer Services
Diversified Computer Systems
Long Distance Carriers
Charts of each industry rank and performance over 12 months are available on the site


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