Breakoutwatch Weekly Summary 12/23/17

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
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
EPS Trend Data Available Again

This will be the last newsletter of 2017 and I would like to thank all our subscribers for their support this year, and I wish them and all our readers a Merry Christmas and a Healthy and Prosperous New Year.

Markets have risen in anticipation of the passing of the Republican Tax Bill and were modestly happy with the final passage as the major indexes continued to set new highs, although at a slightly slower pace as the holidays approached and volumes tapered. After gapping up and setting a new high on Monday, the NASDAQ slipped as investors preferred Industrial, energy and telecom industries over technology and health care.

As can be seen in the NASDAQ chart, volumes were below average which restricted the number of breakouts we recognized, as we require volume of at least 1.5 times average volume even if the stock closes above its breakout price for cup and handle pattern stocks. Note also the gains were more modest than usual as the index slipped 0.06% from Monday's close to Friday's.


New Features this Week
EPS Trend Data Available Again

An old feature that suffered from lack of available data was reactivated this weekend after prompting from a new subscriber. EPS Trend data shows how analysts have changed their assessments of the earnings per share for stocks they follow over the last 90 days. The significance of this data is that a rising trend is potentially positive  while a negative trend is the opposite. EPS trend data is available under menu choice Evaluate > Analytical Tools > EPS Trends. This data can be searched for all stocks meeting certain minimum EPS values, or for individual stocks. The image below shows how analysts assessments have changed over the last 90 days for Amazon (AMZN) and Apple (AAPL) stocks.

EPS Trends

EPS trend data is refreshed each weekend. The latest data is currently being loaded and should be complete by Sunday.
Strategy Suggestions
Our latest strategy suggestions are here.

These strategy suggestions are under review following their under-performance in 2017 compared to 2016. I hope to publish new suggestions in the first newsletter of the New Year.
Breakouts Summary by Watchlist for Week Beginning 12/18/17
List Breakouts Avg. Gain
CWH 10 2.01
SQZ 6 -1.02
DB 1 -1.36
Breakouts Detail for Week Beginning 12/18/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-12-22 SXC CWH y 11.63 12 80 12.17 4.64% 5.33%
2017-12-21 MVO CWH n 7.54 8 88 7.88 4.51% 7.16%
2017-12-18 PXLW CWH n 6.18 6 93 6.45 4.37% 5.66%
2017-12-20 ASND CWH y 38.50 39 93 39.47 2.52% 5.14%
2017-12-21 WETF CWH n 12.38 12 83 12.66 2.26% 2.42%
2017-12-22 CORT SQZ y 17.52 18 92 17.89 2.11% 3.03%
2017-12-18 CHGG CWH n 16.00 16 93 16.29 1.81% 4.19%
2017-12-21 KND CWH n 9.50 10 85 9.65 1.58% 6.84%
2017-12-18 RPD SQZ y 18.89 19 82 19.09 1.06% 5.66%
2017-12-18 BR SQZ y 90.04 91 82 90.95 1.01% 2.67%
2017-12-21 KIN CWH n 8.35 8 82 8.4 0.6% 1.8%
2017-12-18 UBNT CWH n 68.14 70 82 68.45 0.45% 4.24%
2017-12-21 SPAR SQZ y 17.16 18 97 17.2 0.23% 5.48%
2017-12-19 MGPI SQZ y 74.84 78 90 73.97 -1.16% 5.18%
2017-12-19 JD DB n 42.77 43 75 42.19 -1.36% 1.66%
2017-12-18 AVAV CWH n 58.23 59 95 56.67 -2.68% 1.31%
2017-12-20 CAMP SQZ y 23.22 23 84 21.05 -9.35% 3.32%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday December 22, 2017
Symbol BO
Company Industry RS
SORL 8.45 1,079,196 SORL Auto Parts - Inc. - Common Stock Auto Manufacturers - Major 97 7.34
CYRX 9.15 194,034 CryoPort - Inc. - Common Stock Packaging & Containers 96 8.83
BOOM 23.30 91,082 DMC Global Inc. - Common Stock Metal Fabrication 94 22.10
PETS 49.04 1,043,841 PetMed Express - Inc. - Common Stock Drug Delivery 94 45.64
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 24754.1
0.42% 25.26% Up
NASDAQ 6959.96
0.34% 29.29% Up
S&P 500 2683.34
0.28% 19.85% Up
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.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
Dow Jones Dow Jones
10.76 %
Dow Jones
15.7 %
NASDAQ Composite
29.29 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Auto Parts Wholesale
Auto Parts Wholesale
Recreational Vehicles
Most Improved Industry (by change in technical rank2)
Industrial Equipment Wholesale
Regional Airlines
Wholesale - Other
Personal Computers
Charts of each industry rank and performance over 12 months are available on the site


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