Breakoutwatch Weekly Summary 05/27/17
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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 continued to outpace the
other major indexes with a gain of 2.1%, setting a new high on
Thursday of 6217. The index rose each day except for Friday as the
Memorial day weekend got underway. Volumes were mostly just below
average except for Thursday when markets reacted favorably to the
minutes of the May FOMC in which the Fed showed confidence in the
economy by announcing a plan to unwind its huge balance sheet.
The number of breakouts fell to just 9 this week. While lower than average volumes accounts for some of the lower number, the most important reason is that as stocks set new highs, there are fewer emerging from breakout patterns. For example, on Friday there were just 69 stocks on the cup-and-handle pattern watchlist compared to a high in May of 181 on May 4. Similarly, there were just 6 Volatility Squeeze candidates compared to a month's high of 31.
Subscribers who use the Personal Watchlist feature can now filter the "Alerts Issued Today" page to view just their watchlist stocks by entering an '@' into the Search bar. If there were no alerts corresponding to any of the subscriber's PWL's then "No matching records found" will be displayed.
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.|
|EMKR||10.95||535,436||EMCORE Corporation||Semiconductor - Integrated Circuits||96||10.28|
|FRBK||9.38||420,705||Republic First Bancorp - Inc.||Regional - Northeast Banks||96||9.00|
|MRCY||41.49||680,706||Mercury Systems Inc||Computer Peripherals||93||40.35|
|LMIA||14.00||87,501||LMI Aerospace - Inc.||Aerospace/Defense Products & Services||93||13.95|
|BITA||32.58||1,257,196||Bitauto Holdings Limited||Internet Information Providers||92||29.20|
|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|
|Aerospace/Defense - Major Diversified
|Healthcare Information Services
|Multimedia & Graphics Software
|Charts of each industry rank and performance over 12 months are available on the site|
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