Breakoutwatch Weekly Summary 04/22/17
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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 Composite rose 1.8% for the week on above average volume on Wednesday and Thursday. This lifted the number of breakouts to 20 from last week's anemic 12. Volatility Squeeze breakouts were again dominant.
Despite a positive week for the markets, our trend indicators remain negative. Note that the markets retreated on Friday following the shooting of a policeman in Paris which was seen as improving the prospects of populist Marin Le Pen in Sunday's election in France. A win for Mme. Le Pen could have a negative effect on the markets on Monday.
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.|
|RH||48.91||3,326,040||RH||Home Furnishing Stores||95||48.64|
|GEO||49.62||1,780,952||Geo Group Inc (The)||REIT - Healthcare Facilities||95||49.07|
|BZUN||17.58||935,616||Baozun Inc.||Catalog & Mail Order Houses||95||14.97|
|DV||36.15||956,037||DeVry Education Group Inc.||Education & Training Services||94||35.83|
|ERS||7.13||45,267||Empire Resources - Inc.||Basic Materials Wholesale||94||6.97|
|STRA||81.96||118,672||Strayer Education - Inc.||Education & Training Services||92||80.57|
|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 site here.
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|
|Long Distance Carriers
||Long Distance Carriers
||Regional - Southwest Banks
|Long Distance Carriers
|Charts of each industry rank and performance over 12 months are available on the site|
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