Breakoutwatch Weekly Summary 06/29/19
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.
|Cup and Handle Pattern Stocks
Dominate Breakouts:Volatility Squeeze Breakouts Post Best
In a week that saw the major indexes retreat modestly as trade and interest rate uncertainty continued, the number of breakouts continued at a level similar to last week's. Volatility Squeeze (SQZ) breakouts gave the best average return at 4.8% and one SQZ stock (CNST) delivered a massive 22% gain. Fifteen Cup and Handle (CWH) breakouts delivered an average return of 2.3%.
The news from the G-20 summit that trade talks with China would resume with a hold on increasing tariffs and a reprieve for US tech companies allowing them to sell parts to Huawei, will likely lift the markets Monday morning, although the trade resumption was already somewhat priced in.
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.|
|MX||11.00||532,992||MagnaChip Semiconductor Corporation||Semiconductor - Specialized||91||10.35|
|SNR||7.07||661,437||New Senior Investment Group Inc.||Processing Systems & Products||90||6.72|
|TERP||14.59||1,056,440||TerraForm Power - Inc.||Diversified Utilities||86||14.30|
|VIV||13.33||2,069,217||Telefonica Brasil S.A.||Wireless Communications||86||13.02|
|PBR||16.71||22,937,880||Petroleo Brasileiro S.A. - Petrobras||Oil & Gas Drilling & Exploration||86||15.57|
|DRNA||16.95||610,894||Dicerna Pharmaceuticals - Inc.||Biotechnology||86||15.75|
|VIAV||13.90||3,781,596||Viavi Solutions Inc.||Communication Equipment||84||13.29|
|TGS||15.79||1,185,656||Transportadora de Gas del Sur S.A.||Gas Utilities||83||14.46|
|CSTM||10.38||1,448,344||Constellium N.V.||Metal Fabrication||80||10.04|
|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
|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) 06/29/2019 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.