Breakoutwatch Weekly Summary 08/18/18

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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
Cup and Handel Breakouts Delivered an Average 10% Gain this Week

The NASDAQ was the only index to lose ground (-0.3%) this week as "The top-weighted technology sector underperformed, shedding 0.2%, but remains 2018's top-performing group with a year-to-date gain of 15.6%" ( A glance at the three month daily chart below shows that when pulling back, the NASDAQ finds support at the 50 day moving average, which was the case on Wednesday and Friday.

While the large cap technology stocks may have  depressed the index, 6 of our 9 breakouts were NASDAQ stocks this week delivering an average return of 7.8%. As usual, Cup and Handle pattern stocks delivered the best gains with an overall average of 9.7%.

Date Symbol Pattern Exchange Gain
13/08/2018 NANO CWH NASDAQ −3.53%
13/08/2018 EHTH CWH NASDAQ 18.00%
14/08/2018 CRMT CWH NASDAQ 25.75%
15/08/2018 ABCD CWH NASDAQ 5.48%
17/08/2018 CYBE SQZ NASDAQ 4.41%
13/08/2018 CASI SQZ NASDAQ −3.42%


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 08/13/18
List Breakouts Avg. Gain
CWH 5 9.7
SQZ 4 1.33
DB 1 3.33
Breakouts Detail for Week Beginning 08/13/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-08-14 CRMT CWH n 64.85 65.2 91 81.55 25.75% 15.5%
2018-08-13 EHTH CWH n 25.45 27.7 89 30.03 18% 17.45%
2018-08-15 ABCD CWH n 12.40 12.91 95 13.08 5.48% 4.19%
2018-08-17 CYBE SQZ y 19.06 19.9 82 19.9 4.41% -1.36%
2018-08-16 TISI SQZ y 23.46 24.25 93 24.45 4.22% 1.88%
2018-08-16 EGN DB y 74.25 76.62 89 76.72 3.33% 2.25%
2018-08-17 RYAM CWH n 20.32 20.89 81 20.89 2.81% -0.74%
2018-08-17 EGN SQZ y 76.63 76.72 90 76.72 0.12% -0.93%
2018-08-13 CASI SQZ y 7.90 8.08 99 7.63 -3.42% 0.25%
2018-08-13 NANO CWH n 41.88 45.17 92 40.4 -3.53% 8.45%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday August 17, 2018
Symbol BO
Company Industry RS
MOV 50.62 233,066 Movado Group Inc. Common Stock Recreational Goods - Other 94 49.60
JYNT 8.73 95,236 The Joint Corp. - Common Stock Hospitals 94 8.72
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 25669.3
1.41% 3.84% Up
NASDAQ 7816.33
-0.29% 13.22% Up
S&P 500 2850.13
0.59% 6.6% 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 NASDAQ Composite
6.28 %
NASDAQ Composite
7.97 %
NASDAQ Composite
13.22 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Internet Service Providers
Auto Parts Stores
Recreational Goods - Other
Home Health Care
Most Improved Industry (by change in technical rank2)
Recreational Vehicles
Tobacco Products - Other
REIT - Healthcare Facilities
REIT - Healthcare Facilities
Charts of each industry rank and performance over 12 months are available on the site


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