Breakoutwatch Weekly Summary 04/06/19
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.
|NASDAQ Approaches All-time High.
BOOM Delivers 18% Gain
The NASDAQ Composite moved to within 2.3% of its all-time high as economic data lifted investors spirits. The week's rally was fueled by positive manufacturing data from the US and China, continued assertions that U.S.-China trade talks are going well, although when will they conclude? And an employment report that showed that companies are still hiring strongly.
Our cup and handle watchlist delivered some nice returns with BOOM delivering a nice bang for the buck of 19%. Boom moved quickly after the open on 4/3 and our alert was issued just under the 5% suggested limit above breakout price. However, this was the second breakout of BOOM in less than a month as the following chart shows. On 3/20 we issued an alert for Boom at an alert price of $50.04. which was well within the suggested 5% limit. A purchase at that price would have netted 18% as of Friday's close
No new features this week
Our latest strategy suggestions are here.
|Brkout Date||Symbol||Base||Squeeze||Brkout Price||Brkout Day Close||RS Rank*||Last Close||Current % off BOP||Gain at Intraday High|
|*RS Rank on day before breakout.|
|NGL||14.42||1,794,630||Brixmor Property Group Inc.||Oil & Gas Refining & Marketing||93||14.20|
|GNMK||8.37||603,273||GenMark Diagnostics, Inc.||Medical Appliances & Equipment||88||7.31|
|EGOV||17.55||657,260||NIC Inc.||Application Software||87||16.99|
|GOLD||14.54||23,978,448||Barrick Gold Corporation||Gold||87||13.49|
|BRX||18.54||7,113,812||Brixmor Property Group Inc.||REIT - Retail||85||18.36|
|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
|Air Delivery & Freight Services
|Air Services - Other
|Music & Video Stores
|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) 04/06/2019 NBIcharts, LLC dba BreakoutWatch.com. All
" 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.