Breakoutwatch Weekly Summary 06/03/17
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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 was by far the strongest
market this week with a 1.5% gain and another new high despite the
week beginning with two down days. Momentum picked up on
Thursday following a strong ADP jobs report which carried through
into Friday although that day's Employment Situation Report
disappointed and the previous two months reports were downgraded
With so many stocks hitting new highs the number of breakout candidates, and consequently the number of breakouts remained low with just 8 again this week. We need an extended period of market consolidation before the number of breakout candidates will rise again.
For this reason I'm introducing a new report next week : NASDAQ Stocks making new 52 week highs.
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.|
|EMKR||10.95||507,884||EMCORE Corporation||Semiconductor - Integrated Circuits||96||10.20|
|FRBK||9.38||401,265||Republic First Bancorp - Inc.||Regional - Northeast Banks||96||9.20|
|PNRA||314.65||1,474,978||Panera Bread Company||Specialty Eateries||92||314.19|
|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|
|Home Health Care
|Charts of each industry rank and performance over 12 months are available on the site|
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