Breakoutwatch Weekly Summary 05/06/17
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Cup and Handle Breakouts Deliver 4.4% Average Gain this Week The NASDAQ Composite gained 1% on Monday and was then range bound throughout the week ending with a 0.88% gain. Although it gave up some of Monday's gains, it still finished ahead of the DJI and S&P 500 which gained 0.32% and 0.63 % respectively. Friday's job's report saw a gain of 0.42% which contributed significantly to the week's gain. In the area of breakouts we saw a return to dominance of the cup and handle pattern which contributed 16 of the 21 overall breakouts with an average gain of 4.4%. ATSG made a modest breakout on Monday and then gapped up on Thursday to gain 8.6% on massive volume and a further 1% on Friday also on heavy volume. These gains come ahead of Monday's earnings release and yet there was no news justifying these moves.  |
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| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 16 | 4.37 |
| SQZ | 5 | 2.53 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2017-05-01 | ATSG | CWH | n | 18.47 | 19 | 80 | 22.99 | 24.47% | 26.53% |
| 2017-05-05 | DCO | CWH | n | 31.00 | 34 | 90 | 34.46 | 11.16% | 12.52% |
| 2017-05-05 | ATRC | CWH | n | 21.26 | 23 | 87 | 23 | 8.18% | 9.64% |
| 2017-05-04 | XPO | CWH | n | 51.11 | 53 | 90 | 54.52 | 6.67% | 6.69% |
| 2017-05-03 | TEAM | CWH | n | 34.97 | 35 | 84 | 36.81 | 5.26% | 5.83% |
| 2017-05-05 | KERX | SQZ | y | 6.18 | 7 | 82 | 6.5 | 5.18% | 5.66% |
| 2017-05-05 | LOGM | CWH | n | 115.10 | 121 | 89 | 120.95 | 5.08% | 7.69% |
| 2017-05-05 | WK | CWH | n | 17.15 | 18 | 84 | 17.95 | 4.66% | 7% |
| 2017-05-02 | IPGP | CWH | n | 127.94 | 136 | 85 | 133.735 | 4.53% | 9.5% |
| 2017-05-03 | ERI | SQZ | y | 19.36 | 20 | 91 | 20 | 3.31% | 4.08% |
| 2017-05-05 | ERI | SQZ | y | 19.56 | 20 | 92 | 20 | 2.25% | 3.02% |
| 2017-05-03 | CECO | CWH | n | 10.54 | 11 | 90 | 10.77 | 2.18% | 19.45% |
| 2017-05-04 | FOXF | CWH | n | 30.75 | 32 | 92 | 31.4 | 2.11% | 6.34% |
| 2017-05-03 | TEO | SQZ | y | 23.67 | 24 | 80 | 23.9 | 0.97% | 3.13% |
| 2017-05-05 | NEWT | SQZ | y | 16.86 | 17 | 83 | 17.02 | 0.95% | 2.31% |
| 2017-05-04 | LDOS | CWH | n | 54.17 | 54 | 86 | 54.47 | 0.55% | 1.99% |
| 2017-05-05 | BZUN | CWH | n | 17.58 | 18 | 96 | 17.66 | 0.46% | 2.28% |
| 2017-05-05 | QSR | CWH | y | 58.62 | 59 | 81 | 58.86 | 0.41% | 0.46% |
| 2017-05-01 | HBHC | CWH | n | 48.66 | 49 | 91 | 48.3 | -0.74% | 1.62% |
| 2017-05-01 | CNTY | CWH | n | 8.30 | 9 | 83 | 8.1 | -2.41% | 7.11% |
| 2017-05-03 | QUAD | CWH | n | 26.95 | 28 | 84 | 26.22 | -2.71% | 7.76% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| FRBK | 9.10 | 324,764 | Republic First Bancorp - Inc. | Regional - Northeast Banks | 96 | 8.65 |
| LMIA | 13.92 | 91,516 | LMI Aerospace - Inc. | Aerospace/Defense Products & Services | 96 | 13.91 |
| STRL | 10.90 | 198,072 | Sterling Construction Company Inc | Heavy Construction | 96 | 10.73 |
| CARB | 22.00 | 606,078 | Carbonite - Inc. | Business Software & Services | 94 | 21.73 |
| GEO | 34.32 | 2,664,015 | Geo Group Inc (The) | REIT - Healthcare Facilities | 94 | 31.97 |
| AXTI | 7.10 | 1,354,798 | AXT Inc | Semiconductor - Integrated Circuits | 94 | 6.85 |
| EDN | 37.12 | 72,318 | Empresa Distribuidora Y Comercializadora Norte S.A | Electric Utilities | 94 | 33.62 |
| RMR | 54.30 | 64,898 | The RMR Group Inc. | Closed-End Fund - Debt | 94 | 54.15 |
| RAVN | 31.60 | 243,438 | Raven Industries - Inc. | Diversified Machinery | 94 | 31.25 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
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| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 21006.9 |
0.32% | 6.3% | Up |
| NASDAQ | 6100.76 |
0.88% | 13.33% | Up |
| S&P 500 | 2399.29 |
0.63% | 7.17% | Up |
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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. |
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| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 7.66 % |
NASDAQ Composite 20.89 % |
NASDAQ Composite 13.33 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Consumer Services |
Long Distance Carriers |
Consumer Services |
Consumer Services |
| Multimedia & Graphics Software 55 |
Insurance Brokers 61 |
Computers Wholesale 179 |
Basic Materials Wholesale 198 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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