Breakoutwatch Weekly Summary 08/11/18
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.
| Several Strong Breakouts Despite
Signs of Investor Indecision The NASDAQ closed 0.4% higher but a series of doji candlestick patterns for Tuesday through Friday showed that bulls and bears are in near equilibrium. This implies uncertainty about the market direction which was evident on Thursday when the index pulled back before testing the all time high set on July 25. The retreat continued on Friday although this can be partially explained by a reaction to Trump's doubling of tariffs on Turkey. While this looks like an overreaction given the relative unimportant of steel and aluminum purchases from Turkey, it is indicative of the nervous market mood as the rally continues to extend. The cup and handle pattern continued to deliver the most breakouts with Amyris (AMRS) delivering a 12% gain after a strong growth report. On average though, the Volatility Squeeze pattern delivered the highest gains overall with BCRX delivering a 20% gain by Friday's close.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 9 | 4.02 |
| SQZ | 5 | 7.82 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 4 | 4.92 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-08-08 | BCRX | SQZ | y | 6.07 | 6.39 | 82 | 7.3 | 20.26% | 14.66% |
| 2018-08-07 | AMRS | CWH | n | 6.88 | 7.23 | 93 | 7.73 | 12.35% | 11.34% |
| 2018-08-10 | VRTV | CWH | n | 40.05 | 44.4 | 93 | 44.4 | 10.86% | -1.87% |
| 2018-08-06 | WEB | CWH | y | 25.70 | 28.23 | 82 | 28.1 | 9.34% | 9.14% |
| 2018-08-09 | ALTR | SQZ | y | 35.27 | 36.54 | 90 | 38.04 | 7.85% | 3.49% |
| 2018-08-08 | BOOT | CWH | n | 24.75 | 26.65 | 95 | 26.53 | 7.19% | 5.05% |
| 2018-08-06 | JEC | DB | n | 67.10 | 72.31 | 77 | 71.88 | 7.12% | 7.99% |
| 2018-08-08 | AMRS | SQZ | y | 7.24 | 7.62 | 95 | 7.73 | 6.77% | 5.8% |
| 2018-08-06 | SSTK | CWH | n | 50.67 | 52.77 | 87 | 53.56 | 5.7% | 4.62% |
| 2018-08-10 | SSYS | DB | n | 23.17 | 24.14 | 73 | 24.14 | 4.19% | -1.34% |
| 2018-08-09 | SSYS | DB | n | 23.17 | 23.31 | 73 | 24.14 | 4.19% | -1.34% |
| 2018-08-08 | SSYS | DB | n | 23.17 | 23.18 | 71 | 24.14 | 4.19% | -1.34% |
| 2018-08-10 | ALTR | SQZ | y | 36.55 | 38.04 | 91 | 38.04 | 4.08% | -0.14% |
| 2018-08-10 | CTRL | CWH | n | 31.60 | 32.31 | 85 | 32.31 | 2.25% | -1.42% |
| 2018-08-09 | MTRX | CWH | n | 20.17 | 20.35 | 91 | 20.25 | 0.4% | 0.15% |
| 2018-08-10 | TIER | SQZ | y | 23.83 | 23.86 | 84 | 23.86 | 0.13% | -1.38% |
| 2018-08-06 | USAP | CWH | n | 29.68 | 29.91 | 84 | 28.19 | -5.02% | 0.4% |
| 2018-08-06 | QNST | CWH | n | 14.61 | 14.63 | 97 | 13.6 | -6.91% | -2.81% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| MDR | 20.32 | 3,875,038 | McDermott International - Inc. Common Stock | Oil & Gas Equipment & Services | 98 | 20.31 |
| AMEH | 27.20 | 130,186 | Apollo Medical Holdings - Inc. - Common Stock | Specialized Health Services | 97 | 24.15 |
| PBF | 50.12 | 3,265,380 | PBF Energy Inc. Class A Common Stock | Oil & Gas Refining & Marketing | 94 | 48.46 |
| 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 |
|---|---|---|---|---|
| Dow | 25313.1 |
-0.59% | 2.4% | Up |
| NASDAQ | 7839.11 |
0.35% | 13.55% | Up |
| S&P 500 | 2833.28 |
-0.25% | 5.97% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 5.89 % |
NASDAQ Composite 14.03 % |
NASDAQ Composite 13.55 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Auto Parts Stores |
Auto Parts Stores |
Home Health Care |
Home Health Care |
| Building Materials Wholesale 175 |
Tobacco Products - Other 199 |
Dairy Products 209 |
Dairy Products 212 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.
Copyright (c) 08/11/2018 NBIcharts, LLC dba BreakoutWatch.com. All
rights reserved.
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan
"tomorrow's breakouts today" are service marks of NBIcharts LLC. All
other marks are the property of their respective owners, and are used
for descriptive purposes only.
BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.