Breakoutwatch Weekly Summary 05/13/18

You are receiving this email because you are or were a BreakoutWatch.com 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.

Contents
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
NASDAQ Breaks Out and Market Trends Turn Positive

Our market trend indicators for the three major indexes all turned positive on Wednesday on the same day as the NASDAQ broke out from a double bottom pattern. This was a positive week for the index following a strong start on Monday with a gap up that broke through the 50 day resistance line. Prices and daily volumes increased as the week progressed showing that buyers were returning to the market. The increasing momentum delivered accumulation days on Wednesday and Thursday. There was some profit taking on Friday but this was on low volume and left the index with a healthy 2.7% gain for the week.

NASDAQ Chart
I regret that we experienced some data issues on Monday and again on Friday. Watchlists for Monday's session were impacted on Friday but that issue has now been resolved and watchlists for Monday are available. I am working this weekend to restore the live data feed so that alerts can resume on Monday.

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/07/18
List Breakouts Avg. Gain
CWH 12 5.53
SQZ 3 1.23
HTF
0
HSB
0
DB 5 0.84
Breakouts Detail for Week Beginning 05/07/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-05-09 SUPN CWH n 47.55 47.95 81 57.05 19.98% 6.62%
2018-05-08 CAMT CWH n 7.40 7.88 91 8.35 12.84% 12.43%
2018-05-08 GTS CWH n 28.66 30.56 90 32.09 11.97% 11.86%
2018-05-08 ZBRA DB n 142.90 153.24 87 155.57 8.87% 7%
2018-05-08 AMED CWH n 66.58 71.01 82 71.81 7.86% 6.08%
2018-05-07 ULTI DB n 248.04 258.07 83 263.16 6.1% 4.54%
2018-05-09 BLD DB y 79.45 81.01 99 82.52 3.86% 3.46%
2018-05-09 AKAM SQZ y 73.69 77.3 89 76.3 3.54% 3.24%
2018-05-09 NBL CWH n 33.75 34.9 83 34.86 3.29% 3.11%
2018-05-09 LQ CWH n 19.64 20.25 80 20.26 3.16% 3%
2018-05-09 NICE CWH n 97.08 98.12 80 100.13 3.14% 1.61%
2018-05-08 VCEL CWH n 13.00 13.25 98 13.3 2.31% -0.77%
2018-05-08 NGHC CWH n 25.96 26.43 86 26.18 0.85% -0.23%
2018-05-09 TDY CWH n 197.43 197.91 82 198.27 0.43% -0.16%
2018-05-09 DO CWH n 19.09 19.9 87 19.17 0.42% 2.78%
2018-05-09 BGC SQZ y 29.71 29.75 90 29.8 0.3% 0.3%
2018-05-09 E CWH n 39.34 39.66 80 39.37 0.08% 0.23%
2018-05-08 AMSWA SQZ y 13.28 13.3 81 13.26 -0.15% -0.23%
2018-05-08 JOUT DB n 74.74 75.94 85 73.08 -2.22% 0.62%
2018-05-08 WB DB n 122.50 127.99 91 107.32 -12.39% 0.41%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday May 11, 2018
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
IO 29.25 347,670 Ion Geophysical Corporation Common Stock Oil & Gas Equipment & Services 99 27.15
CVRR 18.89 814,311 CVR Refining - LP Common Units Representing Limited Oil & Gas Refining & Marketing 96 18.70
DAVE 8.30 80,805 Famous Dave's of America, Inc. Restaurants 96 7.95
RFP 10.15 412,844 Resolute Forest Products Inc. Common Stock Paper & Paper Products 94 9.90
DIN 79.23 649,178 Dine Brands Global - Inc. Common Stock Restaurants 94 74.98
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 24831.2
2.34% 0.45% Up
NASDAQ 7402.88
2.68% 7.24% Up
S&P 500 2727.72
2.41% 2.02% 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
NASDAQ Composite NASDAQ Composite
7.69 %
NASDAQ Composite
9.66 %
NASDAQ Composite
7.24 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Publishing - Books
Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Recreational Goods - Other
55
Long Distance Carriers
160
Manufactured Housing
213
Sporting Goods Stores
198
Charts of each industry rank and performance over 12 months are available on the site

 

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