Breakoutwatch Weekly Summary 02/01/20
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|Trend Indicator For DOW Turns
Negative, NASDAQ and S&P Positive for Now
Fears that the spreading coronavirus would slow world trade started to affect the markets on Wednesday. A 'buy the dip' rally on Thursday was ended on Friday as President Trump imposed travel restrictions and Delta, United and American airlines suspended flight to China. The DJI dropped 600 points on Friday causing a loss of 2.5% for the week. The NASDAQ gave up 1.8% and the S&P 500 2.1%. Only NASDAQ is still positive for the year.
|Although only the
second strongest breakout of the week, DECK, was perhaps the
most easily selected from our cup and handle watchlist because
of its classic behavior in the handle just before breakout.
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.|
|DBD||12.91||1,748,868||Diebold Nixdorf Incorporated Common Stock||Software - Application||96||11.51|
|OSMT||7.25||583,206||Osmotica Pharmaceuticals plc - Ordinary Shares||Biotechnology||95||6.44|
|RUBI||10.96||2,056,629||The Rubicon Project - Inc. Common Stock||Advertising Agencies||94||9.36|
|NERV||9.23||661,046||Minerva Neurosciences - Inc - Common Stock||Biotechnology||94||8.13|
|OMI||7.02||2,526,102||Owens & Minor - Inc. Common Stock||Medical Distribution||93||6.26|
|SWCH||16.56||1,308,456||Switch - Inc. Class A Common Stock||Information Technology Services||92||16.00|
|HABT||14.10||807,285||The Habit Restaurants - Inc. - Class A Common Stock||Restaurants||91||13.91|
|VSLR||9.02||1,359,410||Vivint Solar - Inc. Common Stock||Solar||91||8.16|
|CYTK||13.27||1,228,438||Cytokinetics - Incorporated - Common Stock||Biotechnology||88||12.30|
|SNR||8.03||604,556||New Senior Investment Group Inc. Common Stock||REIT - Residential||88||7.62|
|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|
|Financial Data & Stock Exchanges
|Closed-End Fund - Debt
|Charts of each industry rank and performance over 12 months are available on the site|
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