Breakoutwatch Weekly Summary 06/03/17

You are receiving this email because you are or were a subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.

New Features this Week
Strategy Suggestions
Breakouts Summary
Breakouts Detail
Top Cup and Handle Chart Pattern Stocks
Breakouts Index
Major Indexes Performance
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
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 too.

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.

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/29/17
List Breakouts Avg. Gain
CWH 4 1.65
SQZ 3 4.13
HTF 1 1.65
Breakouts Detail for Week Beginning 05/29/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-06-02 VICR SQZ y 17.86 20 91 19.55 9.46% 9.74%
2017-06-01 HAWK CWH n 43.60 44 84 44.7 2.52% 2.98%
2017-06-01 MRLN SQZ y 25.36 26 88 25.95 2.33% 4.1%
2017-06-02 IXYS CWH n 15.25 16 86 15.6 2.3% 4.92%
2017-06-02 AGFS HTF n 7.27 7 98 7.3901 1.65% 1.79%
2017-06-01 DAN CWH n 21.43 22 91 21.675 1.14% 2.99%
2017-06-01 MOD CWH n 15.75 16 90 15.85 0.63% 2.86%
2017-06-01 PRGX SQZ y 6.71 7 82 6.75 0.6% 8.05%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday June 02, 2017
Symbol BO
Company Industry RS
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
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 21206.3
0.6% 7.31% Up
NASDAQ 6305.8
1.54% 17.14% Up
S&P 500 2439.07
0.96% 8.94% Up
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.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite NASDAQ Composite
7.41 %
NASDAQ Composite
19.98 %
NASDAQ Composite
17.14 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Consumer Services
Consumer Services
Consumer Services
Consumer Services
Most Improved Industry (by change in technical rank2)
Computers Wholesale
Home Health Care
Charts of each industry rank and performance over 12 months are available on the site


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