Breakoutwatch Weekly Summary 10/14/17
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| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|New EPS Filter Suggestion - see
The major indexes made new all time highs once again this week although overall gains for the week were modest. The DJI had the strongest showing as earnings season opened and Financial stocks mostly exceeded expectations.
NASDAQ volume was mostly at or below the 50 day average with the exception of Thursday when volume was higher but the result was a distribution day. As a consequence, the number of breakouts was significantly reduced to just 9 compared to 23 last week.
No new features this week
Our latest strategy suggestions are here.
While reviewing the strategy suggestions this week, I noticed an error in the proposed filters. The graphic showed that a filter of EPS >= 0 should be set. This is incorrect as that excludes stocks with negative projected EPS values. The correct setting should be EPS <= 99 to include all EPS vales.
|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.|
|GNBC||24.40||316,173||Green Bancorp - Inc. - Common Stock||Money Center Banks||96||23.35|
|WRLD||86.32||159,194||World Acceptance Corporation - Common Stock||Credit Services||95||82.88|
|FRBK||9.70||275,020||Republic First Bancorp - Inc. - Common Stock||Regional - Northeast Banks||94||9.15|
|CYD||23.83||117,114||China Yuchai International Limited Common Stock||Diversified Machinery||93||23.19|
|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 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|
|Semiconductor - Memory Chips
|Charts of each industry rank and performance over 12 months are available on the site|
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