Breakoutwatch Weekly Summary 06/20/20
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| Breakouts Surge to 25 as NASDAQ
Gains 3.7% The NASDAQ Composite gained 3.7% this week, comfortably outperforming the DJI (1% and S&P 500 (1.9%). As the chart shows, the index formed a pivot on June 10 and the subsequent handle bottomed on June 15. Since then, the index has made a strong recovery to a level just below the June 10 pivot implying an imminent further breakout to the upside.  The recovery from the handle base
produced 25 breakouts this week: 12 from a Cup and Handle
pattern generating an average 6% return and 13 from a Volatility
Squeeze pattern with an average return of 5.8%.
The top performing Cup and Handle
breakout was YY which demonstrated the classic behavior in the
handle that we describe in our Anatomy
of a Cup and Handle Pattern. Note how volume increased to
above average levels just before breakout. This is a key
indicator that a breakout could be imminent.
|
Of the stocks on
our Cup and Handle watchlist for Friday, June 19, Go Daddy
(GDDY) is one that offers the possibility of an imminent
breakout judging from Friday's well above average volume. |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 12 | 6.07 |
| SQZ | 13 | 5.78 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 0.05 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2020-06-18 | AHPI | SQZ | y | 9.68 | 9.88 | 96 | 12.26 | 26.65% | 32.23% |
| 2020-06-15 | YY | CWH | n | 77.57 | 79.91 | 85 | 97.23 | 25.34% | 28.08% |
| 2020-06-19 | AHPI | SQZ | y | 9.89 | 12.26 | 95 | 12.26 | 23.96% | 29.42% |
| 2020-06-15 | OCUL | CWH | y | 8.01 | 8.26 | 95 | 8.875 | 10.8% | 14.48% |
| 2020-06-15 | FENC | SQZ | y | 8.40 | 8.83 | 94 | 9.1 | 8.33% | 15.24% |
| 2020-06-16 | AVNW | CWH | n | 16.20 | 17.19 | 82 | 17.52 | 8.15% | 17.53% |
| 2020-06-18 | STSA | CWH | n | 29.93 | 30.8 | 93 | 31.94 | 6.72% | 8.99% |
| 2020-06-19 | ALNY | SQZ | y | 142.00 | 150.71 | 84 | 150.71 | 6.13% | 6.13% |
| 2020-06-15 | ODT | CWH | n | 39.18 | 40.25 | 88 | 41.51 | 5.95% | 18.68% |
| 2020-06-19 | NVTA | SQZ | y | 17.70 | 18.71 | 82 | 18.71 | 5.71% | 5.92% |
| 2020-06-15 | BCLI | CWH | n | 9.63 | 9.94 | 96 | 10.15 | 5.4% | 9.55% |
| 2020-06-16 | FORM | CWH | n | 28.18 | 29.19 | 83 | 29.49 | 4.65% | 9.9% |
| 2020-06-19 | NUAN | CWH | n | 23.88 | 24.78 | 86 | 24.78 | 3.77% | 5.86% |
| 2020-06-19 | AHCO | SQZ | y | 17.51 | 18.11 | 89 | 18.11 | 3.43% | 3.94% |
| 2020-06-19 | RARE | CWH | n | 76.00 | 78.22 | 90 | 78.22 | 2.92% | 2.92% |
| 2020-06-19 | XLRN | SQZ | y | 99.38 | 101.38 | 92 | 101.38 | 2.01% | 3.17% |
| 2020-06-15 | TXG | CWH | n | 86.90 | 88.42 | 87 | 88.14 | 1.43% | 4.6% |
| 2020-06-17 | CRBP | SQZ | y | 7.59 | 7.82 | 93 | 7.68 | 1.19% | 11.07% |
| 2020-06-17 | NGM | SQZ | y | 21.78 | 23.47 | 88 | 21.91 | 0.6% | 9.96% |
| 2020-06-19 | IOTS | SQZ | y | 12.08 | 12.11 | 83 | 12.11 | 0.25% | 0.25% |
| 2020-06-16 | IGMS | SQZ | y | 65.31 | 68.1 | 96 | 65.46 | 0.23% | 11.77% |
| 2020-06-16 | SALT | SQZ | y | 18.35 | 18.75 | 95 | 18.38 | 0.16% | 9.26% |
| 2020-06-19 | AMED | DB | n | 198.48 | 198.58 | 73 | 198.58 | 0.05% | 0.11% |
| 2020-06-16 | TTGT | CWH | n | 30.00 | 30.72 | 84 | 29.93 | -0.23% | 4.17% |
| 2020-06-16 | SWTX | CWH | y | 45.84 | 47.03 | 91 | 44.92 | -2.01% | 8.62% |
| 2020-06-18 | EPZM | SQZ | y | 19.53 | 20.46 | 80 | 18.84 | -3.53% | 12.65% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| BLDP | 14.63 | 3,296,148 | Ballard Power Systems Inc. | Specialty Industrial Machinery | 96 | 13.44 |
| CBB | 14.98 | 1,199,824 | Cincinnati Bell Inc. | Telecom Services | 94 | 14.96 |
| AUPH | 18.72 | 1,754,760 | Aurinia Pharmaceuticals Inc. | Biotechnology | 93 | 16.72 |
| EQX | 10.80 | 3,367,815 | Equinox Gold Corp. | Gold | 91 | 10.16 |
| TEVA | 13.23 | 17,791,378 | Teva Pharmaceutical Industries Limited American De | Drug Manufacturers - Specialty & Generic | 89 | 12.67 |
| OMI | 9.14 | 3,312,447 | Owens & Minor - Inc. Common Stock | Medical Distribution | 86 | 7.34 |
| SYRS | 10.76 | 552,927 | Syros Pharmaceuticals - Inc. - common stock | Biotechnology | 86 | 9.93 |
| CNSL | 7.26 | 747,249 | Consolidated Communications Holdings - Inc. | Telecom Services | 84 | 6.06 |
| CORT | 16.72 | 1,374,222 | Corcept Therapeutics Incorporated | Biotechnology | 82 | 16.19 |
| BITA | 15.95 | 914,698 | Bitauto Holdings Limited | Advertising Agencies | 81 | 15.86 |
| 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 | 25871.5 |
1.04% | -9.34% | Up |
| NASDAQ | 9946.12 |
3.73% | 10.85% | Up |
| S&P 500 | 3097.74 |
1.86% | -4.12% | 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 44.58 |
NASDAQ Composite 11.44 |
NASDAQ Composite 10.85 |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Silver |
Shell Companies |
| Education & Training Services 24 |
Copper 41 |
Silver 133 |
Gold 200 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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