Breakoutwatch Weekly Summary 08/04/18
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| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|Over 20 Breakouts as NASDAQ
The NASDAQ found support at the 50 day average level on Monday and continued to climb buoyed by Apple's strong earnings report and positive forward guidance, unchanged interest rates as the Fed reported the economy is strong, and an employment report that revised upwards last quarter's employment growth, lowered the unemployment rate to 3.9% and showed wages are rising at below the inflation rate. For the week, the NASDAQ gained 1% and could soon test resistance at 7933.
Four days of upward momentum produced 21 breakouts with the cup and handle pattern delivering 10 while the Double Bottom pattern continued last weeks good performance with 7 breakouts averaging an 8.8% gain.
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.|
|WTI||8.57||6,137,964||W&T Offshore - Inc. Common Stock||Oil & Gas Drilling & Exploration||98||7.20|
|AMEH||27.20||130,178||Apollo Medical Holdings - Inc. - Common Stock||Specialized Health Services||97||23.87|
|ESND||16.11||356,013||Essendant Inc. - Common Stock||Business Equipment||96||15.91|
|HAE||98.75||1,237,959||Haemonetics Corporation Common Stock||Medical Instruments & Supplies||96||96.71|
|BOOT||24.75||968,224||Boot Barn Holdings - Inc. Common Stock||Apparel Stores||96||23.08|
|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|
|Auto Parts Stores
||Auto Parts Stores
||Home Health Care
|Charts of each industry rank and performance over 12 months are available on the site|
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