Breakoutwatch Weekly Summary 04/08/17
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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
|Markets are Flashing Amber
The possible bearish head and shoulders top pattern we spoke of last week is still in play as the NASDAQ
drifts down. While our trend indicator for the NASDAQ remains positive, the trend indicators for the DJI fell on Monday and and for the S&P 500 on Wednesday. The head and shoulders pattern will be completed and a bearish situation confirmed if the NASDAQ falls to 5812. In the meantime, because the trend is down for the other major indexes, caution before opening further long positions is advised.
No new features this week.
Our latest strategy suggestions are here.
|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.|
|SODA||51.80||582,188||SodaStream International Ltd.||Beverages - Soft Drinks||98||50.04|
|COHR||207.84||558,276||Coherent - Inc.||Scientific & Technical Instruments||97||199.57|
|TTMI||17.27||2,564,739||TTM Technologies - Inc.||Printed Circuit Boards||96||16.15|
|DV||35.90||1,023,942||DeVry Education Group Inc.||Education & Training Services||95||35.60|
|GNBC||18.28||274,011||Green Bancorp - Inc.||Money Center Banks||95||16.75|
|ETE||19.79||6,596,394||Energy Transfer Equity - L.P.||Oil & Gas Pipelines||94||19.30|
|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|
||Regional - Southwest Banks
|Aerospace/Defense - Major Diversified
|Beverages - Wineries & Distillers
|Long Distance Carriers
|Charts of each industry rank and performance over 12 months are available on the site|
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