Breakoutwatch Weekly Summary 12/19/20

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Weekly Commentary
Cup and Handle Breakouts Deliver an 8.5% Gain

The major indexes again made new highs this week, fueled by a promise from Fed Chairman Powell that policies will be supportive of the recovery expected next year until it is completed. Expectations that finally a Covid support package would be approved, together with the start of vaccinations, also contributed to the optimism.

The chart shows high volume on Friday due to a rush by portfolio managers to prepare for Monday's entry of TESLA into the S&P 500. Managers of ETF's tracking the index will have to buy a lot of TESLA stock, so Friday saw a lot of selling in order to raise the projected $85 billion cash needed. That selling initially sent the index into a deep dive but buying in the last 15 minutes left it with just a 0.2% loss on the day.

NASDAQ Chart
Top breakout performer of the week was software company Domo, Inc. with a 39% gain at Friday's close. DOMO was on our list of probable breakouts on last Friday's list of ' CwH Stocks Likely to Close above BoP at Next Session' published daily in our Daily Newsletter. Read how to get the most out of this list below.
Chart of the Week
The high volume and upward price move on Friday indicates SYRS could move higher on Monday. This could be traded by placing a stop market order at the breakout price of 12.55.
Syros Pharmaceuticals, Inc.
New Features this Week

No new features this week
Strategy Suggestions
How to Use List of Stocks Likely to Breakout

Each day in our Daily Newsletter we publish a 'CwH Stocks Likely to Close above BoP at Next Session'. To get, the most information from this list, I suggest you click the link at the top of the newsletter read the online version.

From there you can access a chart of each stock and our CANTATA evaluation of the technical and fundamental attributes of each stock.
Stocks likely to breakout
Please note the footnote to this list of stocks:
*These stcocks were selected using our price breakout model. This model correctly selected CWH stocks that met or exceeded their breakout price with 80% probability over Jan. 2019 to Nov. 2020. This does not imply that on any one day, 80% or any of the stocks selected will meet or exceed their breakout price.
Breakouts Summary by Watchlist for Week Beginning 12/14/20
List Breakouts Avg. Gain
CWH 18 8.53
SQZ 63 3.78
HTF 2 -8.8
HSB
0
DB
0
Breakouts Detail for Week Beginning 12/14/20
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2020-12-14 DOMO CWH n 47.79 56.43 92 66.26 38.65% 45.55%
2020-12-17 SEED CWH n 10.42 11.5 80 13.87 33.11% 46.55%
2020-12-14 LEU CWH n 18.33 20.98 94 24.14 31.7% 37.1%
2020-12-14 REGI SQZ y 62.16 64.83 95 75.58 21.59% 23.28%
2020-12-15 REGI SQZ y 64.84 71.07 94 75.58 16.56% 18.18%
2020-12-14 W SQZ y 243.61 253.48 94 276.73 13.6% 18.5%
2020-12-15 GLOB SQZ y 189.55 194.83 80 213.35 12.56% 12.62%
2020-12-17 LINC SQZ y 6.36 6.86 90 7.12 11.95% 13.99%
2020-12-17 USCR SQZ y 36.86 37.7 83 40.84 10.8% 12%
2020-12-17 BTAI SQZ y 46.30 50.59 94 51.26 10.71% 13.17%
2020-12-17 INMB SQZ y 9.24 9.58 86 10.22 10.61% 10.61%
2020-12-16 FSM SQZ y 6.69 6.99 89 7.34 9.72% 13.15%
2020-12-17 AEYE CWH n 22.76 23.97 98 24.96 9.67% 14.24%
2020-12-14 LPSN SQZ y 58.00 58.5 88 63.51 9.5% 11.66%
2020-12-15 W SQZ y 253.49 272.23 95 276.73 9.17% 13.88%
2020-12-15 MPWR SQZ y 319.47 331.56 84 348.23 9% 9.92%
2020-12-17 COUP CWH y 337.89 356 90 366.9 8.59% 8.62%
2020-12-14 XLRN CWH n 125.38 130.01 86 134.95 7.63% 8.08%
2020-12-15 SITE SQZ y 143.50 148.44 81 153.96 7.29% 8%
2020-12-17 SEAS SQZ y 29.12 30.36 83 31.13 6.9% 7.54%
2020-12-18 INMB SQZ y 9.59 10.22 84 10.22 6.57% 6.57%
2020-12-15 CTS SQZ y 32.60 33.62 81 34.73 6.53% 8.44%
2020-12-15 MGNX SQZ y 23.77 24.73 89 25.27 6.31% 18.59%
2020-12-17 PLAY SQZ y 26.16 28.19 87 27.78 6.19% 9.59%
2020-12-18 LPSN SQZ y 59.82 63.51 89 63.51 6.17% 8.26%
2020-12-15 MCFT CWH y 24.35 25.05 87 25.8 5.95% 9.2%
2020-12-17 DRD SQZ y 11.26 11.96 81 11.92 5.86% 10.66%
2020-12-15 IPHI SQZ y 152.13 154.89 87 160.98 5.82% 6.23%
2020-12-16 WLDN SQZ y 39.56 39.75 80 41.79 5.64% 8.22%
2020-12-15 VAPO SQZ y 27.00 27.38 80 28.44 5.33% 8.74%
2020-12-17 VCRA CWH n 36.64 37.67 84 38.56 5.24% 13.67%
2020-12-14 TPTX SQZ y 118.62 126.44 93 124.54 4.99% 7.74%
2020-12-15 GDS SQZ y 90.58 90.83 80 95.03 4.91% 6.52%
2020-12-17 MPWR SQZ y 332.04 341.47 86 348.23 4.88% 5.76%
2020-12-17 FSM SQZ y 7.00 7.48 87 7.34 4.86% 8.14%
2020-12-15 IMAB SQZ y 38.20 39.8 85 39.83 4.27% 8.3%
2020-12-15 VICR CWH y 87.53 92.35 82 91.26 4.26% 9.68%
2020-12-16 LOGI CWH n 91.23 91.45 87 94.85 3.97% 3.99%
2020-12-16 IPHI SQZ y 154.90 154.93 87 160.98 3.93% 4.34%
2020-12-16 GRWG HTF n 37.31 38.71 98 38.65 3.59% 6.67%
2020-12-17 BXC CWH y 27.97 28.09 96 28.94 3.47% 5.08%
2020-12-17 ALDX SQZ y 7.30 7.53 90 7.53 3.15% 6.16%
2020-12-16 AVLR SQZ y 174.35 174.38 90 179.79 3.12% 3.53%
2020-12-16 PFSI SQZ y 62.30 63.94 83 64.24 3.11% 6.23%
2020-12-18 BXC SQZ y 28.10 28.94 96 28.94 2.99% 4.59%
2020-12-17 DMAC CWH n 7.15 7.2 88 7.32 2.38% 7.01%
2020-12-18 DE SQZ y 264.54 270.7 81 270.7 2.33% 2.61%
2020-12-15 EDUC SQZ y 16.44 16.89 93 16.81 2.25% 9.06%
2020-12-17 WIX SQZ y 267.92 270.05 87 273.45 2.06% 3.39%
2020-12-14 NVDA SQZ y 520.54 532.35 86 530.88 1.99% 3.46%
2020-12-17 TWLO CWH n 358.18 361.07 95 365.03 1.91% 3.13%
2020-12-15 MBUU SQZ y 63.81 64.71 83 64.95 1.79% 5.73%
2020-12-16 W SQZ y 272.24 273.09 96 276.73 1.65% 6.04%
2020-12-17 NUS SQZ y 51.75 52.24 80 52.44 1.33% 3.67%
2020-12-17 W SQZ y 273.10 285.06 97 276.73 1.33% 5.7%
2020-12-18 BTAI SQZ y 50.60 51.26 94 51.26 1.3% 3.56%
2020-12-18 AVLR SQZ y 177.67 179.79 90 179.79 1.19% 1.45%
2020-12-17 PFGC SQZ y 46.26 47.48 84 46.64 0.82% 4.02%
2020-12-17 INFY CWH n 16.09 16.21 81 16.22 0.81% 1.62%
2020-12-16 AVTR SQZ y 27.45 27.52 84 27.56 0.4% 3.39%
2020-12-18 AVTR SQZ y 27.45 27.56 84 27.56 0.4% 0.87%
2020-12-18 NUS SQZ y 52.25 52.44 85 52.44 0.36% 2.68%
2020-12-17 EGO SQZ y 12.80 13.29 81 12.83 0.23% 4.99%
2020-12-16 GDOT SQZ y 56.17 56.66 84 56.15 -0.04% 6.55%
2020-12-15 DELL CWH n 72.97 73.74 80 72.92 -0.07% 3.32%
2020-12-14 OCN SQZ y 26.56 26.71 99 26.51 -0.19% 4.63%
2020-12-15 NVDA SQZ y 532.36 534.42 86 530.88 -0.28% 1.16%
2020-12-15 AMD CWH n 96.37 97.12 88 95.92 -0.47% 1.67%
2020-12-16 EDUC SQZ y 16.90 17.52 94 16.81 -0.53% 6.09%
2020-12-17 GDOT SQZ y 56.67 56.85 84 56.15 -0.92% 5.61%
2020-12-17 SGMS SQZ y 41.13 41.14 95 40.72 -1% 6.66%
2020-12-17 AMRK SQZ y 31.14 31.63 93 30.82 -1.03% 2.6%
2020-12-17 LULU CWH n 383.54 386.07 82 378.05 -1.43% 1%
2020-12-17 AVNS CWH n 48.86 49.5 82 48 -1.76% 2.33%
2020-12-15 CVET SQZ y 28.06 28.93 92 27.4 -2.35% 5.56%
2020-12-14 IMUX SQZ y 18.09 18.75 87 17.62 -2.6% 5.58%
2020-12-17 GPI SQZ y 122.07 125.13 87 118.14 -3.22% 4.56%
2020-12-17 SIC SQZ y 7.69 7.7 87 7.41 -3.64% 2.34%
2020-12-14 CTSO SQZ y 8.85 8.86 81 8.48 -4.18% 4.86%
2020-12-15 TCS SQZ y 10.45 10.81 97 9.99 -4.4% 6.79%
2020-12-15 CLW SQZ y 37.77 38.66 80 35.85 -5.08% 4.37%
2020-12-14 QDEL SQZ y 202.57 206.93 89 189.5 -6.45% 5.02%
2020-12-15 RVP HTF n 14.40 15.02 98 11.35 -21.18% 9.65%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday December 18, 2020
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
SURF 10.72 1,684,068 Surface Oncology - Inc. Biotechnology 97 9.04
ATOM 13.50 508,928 Atomera Inco Semiconductor Equipment & Materials 94 12.38
TAST 7.48 667,970 Carrols Restaurant Group - Inc. Restaurants 91 6.60
GNMK 14.61 1,355,750 GenMark Diagnostics - Inc. Medical Devices 89 14.04
ENLV 13.77 516,678 Enlivex Therapeutics Ltd. Biotechnology 89 10.89
CNTY 7.15 503,248 Century Casinos - Inc. Resorts & Casinos 88 6.11
WPX 8.62 12,089,852 WPX Energy - Inc. Oil & Gas E&P 86 8.05
TACO 9.57 967,414 Del Taco Restaurants - Inc. Restaurants 84 9.14
AQST 8.06 912,986 Aquestive Therapeutics - Inc. Biotechnology 84 6.92
SSSS 13.24 661,304 SuRo Capital Corp. Asset Management 82 12.32
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 30179.1
 0.44% 5.75% Up
NASDAQ 12755.6
 3.05% 42.16% Up
S&P 500 3709.41
 1.25% 14.81% 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
NASDAQ Composite NASDAQ Composite
18.18		 NASDAQ Composite
28.25		 NASDAQ Composite
42.16
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum
 Home Improvement Retail
 Silver
Most Improved Industry (by change in technical rank2)
Tobacco
40		 Uranium
120		 Textile Manufacturing
115		 Aluminum
133
Charts of each industry rank and performance over 12 months are available on the site

 

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