Breakoutwatch Weekly Summary 03/13/21

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Weekly Commentary
Breakouts Average 6.6% This Week. Trend Turns Positive for DJI and S&P 500

Friday's gains for The DJI (1%) and S&P 500 (0.1%) were sufficient to turn our trend indicators for those indexes positive. The trend for the NASDAQ, however, remains negative despite the index rising out of correction territory with a 3.1% gain for the week. On Thursday the index met with resistance at the 50 day average level and closed on Friday just below it. The index lagged the DJI which gained 4.1%. It's worth noting though that the Russell 2000 gained 7.3% and has risen 19.1% year to date, confirming that despite the focus on the large cap tech stocks, the rotation into the consumer discretionary sector is leading the way as the recovery gets moving helped massively by the injection of 1.9T into the economy and optimism that we could be almost back to 'normal' by July 4.

NASDAQ Chart
Volatility Squeeze (SQZ) breakouts dominated the week with 69 breakouts and a 7% average gain. 19 SQZ stocks gained more than 10%.  The Cup and Handle pattern produce 10 breakouts with a 5% average gain. As a reminder to new readers, a Volatility Squeeze occurs when the Bollinger Bands tighten due to lower volatility and they fall to within the Keltner Channel. See SQZ Methodology.

The top SQZ performer was Go Pro (GPRO) with a 29.5% gain over breakout price. The indication that a breakout was in process came on Wednesday (3/10) when volume surged 100% over the 50 day average. We issued an alert at 9:35 on Wednesday a $8.70. The stock subsequently gained 23.6%.

GPRO SQZ Chart
Chart of the Week
Ocular Therapeutix, Inc. [OCUL]

Following on with the strength of Volatility Squeeze breakouts, this week I've chosen Healthcare/Biotechnology stock OCUL. Ocular Therapeutix has three eye treatment products in stage 3 clinical trials.  OCUL failed to breakout from a cup and handle pattern in February and has since seen volatility fall so it qualifies for our Volatility Squeeze pattern. OCUL gained 15,5% on Friday on strong volume and may be ready to move higher on Monday.

OCUL SQZ Chart

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 03/08/21
List Breakouts Avg. Gain
CWH 10 5
SQZ 69 6.95
HTF 3 3.01
HSB
0
DB
0
Breakouts Detail for Week Beginning 03/08/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-03-10 GPRO SQZ y 8.30 9.31 82 10.75 29.52% 29.94%
2021-03-09 BSET SQZ y 21.93 22.18 90 27.57 25.72% 28.13%
2021-03-08 UNFI SQZ y 31.51 31.83 95 39.18 24.34% 29.17%
2021-03-11 FNKO SQZ y 14.46 15.33 88 17.77 22.89% 28.85%
2021-03-09 CYH SQZ y 9.24 9.54 85 11.28 22.08% 25%
2021-03-08 HOME SQZ y 24.47 26.4 96 29.82 21.86% 23.42%
2021-03-08 EDUC SQZ y 15.97 16.18 87 18.98 18.85% 22.1%
2021-03-09 EDUC SQZ y 16.19 16.92 87 18.98 17.23% 20.44%
2021-03-11 CYH SQZ y 9.67 9.84 88 11.28 16.65% 19.44%
2021-03-09 MYRG SQZ y 63.48 65.91 84 73.59 15.93% 16.35%
2021-03-11 GPRO SQZ y 9.32 9.81 86 10.75 15.34% 15.72%
2021-03-08 FLXS SQZ y 33.45 35.41 91 37.99 13.57% 13.99%
2021-03-09 M SQZ y 16.51 17.11 85 18.73 13.45% 14.05%
2021-03-09 HOME SQZ y 26.41 28.21 97 29.82 12.91% 14.35%
2021-03-10 EDUC SQZ y 16.93 18.39 88 18.98 12.11% 15.18%
2021-03-11 BSET SQZ y 24.62 26.04 93 27.57 11.98% 14.13%
2021-03-08 MBUU SQZ y 80.05 83.93 83 89.04 11.23% 12.01%
2021-03-09 JWN SQZ y 37.35 37.62 80 41.37 10.76% 11.59%
2021-03-08 GPI SQZ y 157.18 162.38 85 173.55 10.41% 11.36%
2021-03-08 HOFT CWH y 35.98 37.13 80 39.26 9.12% 11.03%
2021-03-11 AMRK SQZ y 33.65 36.77 89 36.68 9% 11.44%
2021-03-08 ESCA SQZ y 21.40 21.75 85 23.31 8.93% 9.8%
2021-03-12 CPS SQZ y 43.31 47.12 91 47.12 8.8% 9.35%
2021-03-08 HWC CWH n 41.49 42.24 80 45.11 8.72% 9.95%
2021-03-08 ABG CWH y 176.22 180.06 85 191.05 8.42% 8.84%
2021-03-08 DDS SQZ y 84.92 85.09 91 91.68 7.96% 9.44%
2021-03-08 CNR SQZ y 12.82 13.83 85 13.84 7.96% 11.47%
2021-03-10 PDS SQZ y 25.37 26.52 99 27.33 7.73% 13.6%
2021-03-09 ADTN SQZ y 16.99 17.48 80 18.29 7.65% 8.53%
2021-03-10 DAC HTF y 44.46 45.4 99 47.73 7.35% 11.47%
2021-03-09 FLXS SQZ y 35.42 35.94 92 37.99 7.26% 7.65%
2021-03-09 ESCA SQZ y 21.76 21.98 87 23.31 7.12% 7.99%
2021-03-08 CAL SQZ y 17.41 18.51 84 18.64 7.06% 9.42%
2021-03-11 ALTM SQZ y 55.50 57.49 94 59.22 6.7% 7.62%
2021-03-08 PDS SQZ y 25.63 25.69 99 27.33 6.63% 12.45%
2021-03-11 CPST SQZ y 9.14 9.64 95 9.73 6.46% 7.22%
2021-03-10 CADE CWH n 22.52 22.73 91 23.79 5.64% 5.86%
2021-03-09 DBI SQZ y 14.60 15.25 86 15.36 5.21% 8.15%
2021-03-10 CONN SQZ y 15.70 16.41 82 16.51 5.16% 6.88%
2021-03-11 ORGS SQZ y 7.69 7.98 80 8.08 5.07% 7.93%
2021-03-11 FMBI CWH n 22.80 23.18 80 23.93 4.96% 5.44%
2021-03-11 TNP SQZ y 9.78 9.8 90 10.22 4.5% 5.83%
2021-03-12 GRIN CWH n 6.96 7.27 85 7.27 4.45% 7.76%
2021-03-12 DDS SQZ y 87.84 91.68 91 91.68 4.37% 5.81%
2021-03-12 TNP SQZ y 9.81 10.22 90 10.22 4.18% 5.5%
2021-03-12 SLS SQZ y 9.85 10.26 96 10.26 4.16% 6.9%
2021-03-10 BSIG SQZ y 19.45 20.25 84 20.17 3.7% 6.04%
2021-03-11 ESCA SQZ y 22.48 23.27 86 23.31 3.69% 4.53%
2021-03-11 FFBC CWH n 25.46 25.49 81 26.4 3.69% 4.28%
2021-03-11 ARVN SQZ y 74.19 77.87 94 76.86 3.6% 5.27%
2021-03-12 ORGO HTF n 17.11 17.72 98 17.72 3.57% 4.15%
2021-03-11 DCP CWH n 25.24 25.61 91 26.09 3.37% 4.75%
2021-03-11 FLXS SQZ y 36.77 36.98 91 37.99 3.32% 3.7%
2021-03-11 EDUC SQZ y 18.40 19.12 90 18.98 3.15% 5.98%
2021-03-11 PDS SQZ y 26.53 27.86 99 27.33 3.02% 8.63%
2021-03-12 FLXS SQZ y 36.99 37.99 89 37.99 2.7% 3.08%
2021-03-10 NSYS SQZ y 7.94 8.48 88 8.15 2.64% 8.82%
2021-03-12 CRIS SQZ y 10.64 10.92 98 10.92 2.63% 3.29%
2021-03-12 OCUL SQZ y 20.32 20.84 90 20.84 2.56% 3.15%
2021-03-11 EGHT SQZ y 34.37 35.31 86 35.25 2.56% 4.02%
2021-03-12 AMSC SQZ y 25.28 25.92 94 25.92 2.53% 2.61%
2021-03-10 BZH SQZ y 20.07 21.33 80 20.53 2.29% 8.62%
2021-03-08 WRLD SQZ y 143.94 150.21 80 146.76 1.96% 5.58%
2021-03-12 ENSG SQZ y 88.85 90.01 81 90.01 1.31% 1.92%
2021-03-12 FCF CWH n 15.34 15.51 80 15.51 1.11% 1.43%
2021-03-09 CURO SQZ y 15.48 15.61 90 15.62 0.9% 6.33%
2021-03-10 PBI SQZ y 9.15 9.38 93 9.23 0.87% 5.68%
2021-03-11 CURO SQZ y 15.49 15.97 89 15.62 0.84% 6.26%
2021-03-12 CPST SQZ y 9.65 9.73 95 9.73 0.83% 1.55%
2021-03-11 ARLO SQZ y 7.96 8.05 88 8.02 0.75% 3.02%
2021-03-09 TSQ SQZ y 10.47 10.51 84 10.54 0.67% 2.2%
2021-03-10 ENBL CWH n 7.19 7.33 88 7.23 0.56% 3.13%
2021-03-12 TSQ SQZ y 10.49 10.54 81 10.54 0.48% 1.05%
2021-03-11 LMB SQZ y 12.35 12.49 92 12.39 0.32% 1.62%
2021-03-12 SID SQZ y 6.71 6.72 92 6.72 0.15% 0.15%
2021-03-12 ESCA SQZ y 23.28 23.31 85 23.31 0.13% 0.94%
2021-03-11 AROC SQZ y 10.50 10.52 85 10.47 -0.29% 1.14%
2021-03-11 BSIG SQZ y 20.26 20.38 85 20.17 -0.44% 1.8%
2021-03-09 CLB SQZ y 37.93 38.32 80 37.46 -1.24% 10.69%
2021-03-11 MARA HTF n 41.49 41.81 99 40.7 -1.9% 5.09%
2021-03-10 CMT SQZ y 12.81 12.83 95 11.89 -7.18% 11.09%
2021-03-09 FOSL SQZ y 17.67 18.33 94 14.51 -17.88% 9.39%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday March 12, 2021
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
No stocks met 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 32778.6
4.07% 7.1% Up
NASDAQ 13319.9
3.09% 3.35% Down
S&P 500 3943.34
2.64% 4.99% 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
Dow Jones Dow Jones
7.61
NASDAQ Composite
22.72
Dow Jones
7.1
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Luxury Goods
Luxury Goods
Silver

Most Improved Industry (by change in technical rank2)
Thermal Coal
88
Airlines
68
Oil & Gas Drilling
135
Department Stores
140
Charts of each industry rank and performance over 12 months are available on the site

 

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