Breakoutwatch Weekly Summary 04/16/21

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.
Newsletter Archive: https://www.breakoutwatch.com/content/newsletters

Weekly Commentary
Volatility Squeeze Breakouts Continue to Outperform Cup and Handle

The NASDAQ is within striking distance of an all time high but remains second to the S&P 500 for the week and for the year to date. Inflation fears, which held the NASDAQ back for a few weeks, have dissipated as the 10-year Treasury yield declined, and the Consumer Price Increase for March rose just 1.6% on a year-on-year basis, well below the Fed's 2% target. March retail sales were 9.8% above February's level. These factors are contributing to the overall bullish mood.
NASDAQ Chart
There were just 5 cup and handle breakouts this week which made only modest gains. One reason for the few number of breakouts, is that the number of stocks in a cup and handle pattern has declined significantly. For example, last Friday,04/09/20, there were just 28 stocks in the pattern. That compares to a peak of 275 during 2020 on May 4.

One of the interesting SQZ breakouts was TSLA which has now formed a cup and handle.

TSLA chart
Chart of the Week
HyreCar Inc. (HYRE)

Here on Maui the rental car business is exploding and the companies have all raised their rates. Consequently locals are offering their cars for hire to meet the demand. As the re-opening expands, there will be increasing demand for Uber's and Lyft's and HyreCar Inc. could be well placed to capitalize on the trend. Additionally, it has an attractive 30% upside potential to its February high

HYRE 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 04/12/21
List Breakouts Avg. Gain
CWH 5 0.86
SQZ 68 0.89
HTF
0
HSB
0
DB 7 2.03
Breakouts Detail for Week Beginning 04/12/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-04-13 INVE SQZ y 11.73 13.35 92 14.04 19.69% 24.84%
2021-04-14 NEXA SQZ y 10.19 10.72 84 11.4 11.87% 12.66%
2021-04-12 STXS SQZ y 7.66 8.33 88 8.38 9.4% 12.53%
2021-04-15 NEXA SQZ y 10.73 10.84 86 11.4 6.24% 6.99%
2021-04-13 CRIS SQZ y 10.83 11.37 99 11.49 6.09% 14.04%
2021-04-13 NSTG SQZ y 69.05 74.56 81 73.005 5.73% 11.15%
2021-04-13 TSLA SQZ y 701.99 762.32 97 738.85 5.25% 11.23%
2021-04-16 HGV SQZ y 40.48 42.58 84 42.58 5.19% 6.82%
2021-04-16 NEXA SQZ y 10.85 11.4 88 11.4 5.07% 5.81%
2021-04-12 LIVE SQZ y 28.01 30.5 95 29.41 5% 13.71%
2021-04-12 USIO SQZ y 6.61 7.13 97 6.93 4.84% 14.22%
2021-04-13 WLL SQZ y 34.51 35.04 99 36.05 4.46% 5.62%
2021-04-13 PD SQZ y 41.79 43.12 82 43.54 4.19% 7.61%
2021-04-14 JELD DB n 29.77 29.91 79 30.91 3.83% 5.11%
2021-04-14 RDFN SQZ y 66.40 66.45 85 68.91 3.78% 4.61%
2021-04-13 ZS DB y 189.74 196.65 87 195.92 3.26% 5.14%
2021-04-16 DDS SQZ y 95.85 98.88 96 98.88 3.16% 4.28%
2021-04-14 INSP DB n 224.36 224.67 91 231.46 3.16% 4.74%
2021-04-13 NTRA SQZ y 103.76 107.32 83 106.95 3.07% 5.99%
2021-04-16 BRP CWH n 29.78 30.69 81 30.69 3.06% 6.35%
2021-04-16 JMP SQZ y 6.57 6.77 93 6.77 3.04% 5.02%
2021-04-13 OSTK SQZ y 72.30 77.75 98 74.45 2.97% 16.61%
2021-04-16 CBNK SQZ y 20.10 20.64 85 20.64 2.69% 3.38%
2021-04-16 NEON SQZ y 8.57 8.8 81 8.8 2.68% 4.08%
2021-04-14 STAA CWH n 117.00 117.02 91 119.89 2.47% 2.78%
2021-04-14 FANG SQZ y 75.77 80.34 89 77.54 2.34% 7.46%
2021-04-14 DOMO SQZ y 59.30 59.32 89 60.63 2.24% 5.43%
2021-04-12 FRPT CWH n 168.77 170.48 82 172.49 2.2% 3.98%
2021-04-14 TVTY SQZ y 23.09 23.37 89 23.59 2.17% 3.07%
2021-04-13 CRWD DB n 210.88 216.35 81 215.2 2.05% 3.85%
2021-04-16 BOOM SQZ y 54.93 56.03 81 56.03 2% 3.17%
2021-04-12 ASIX SQZ y 28.58 29.04 90 29.11 1.85% 4.23%
2021-04-12 DKL SQZ y 37.74 39.75 91 38.41 1.78% 5.72%
2021-04-12 MDRX SQZ y 15.48 15.54 83 15.72 1.55% 2.71%
2021-04-15 TRGP SQZ y 32.85 33.34 91 33.34 1.49% 1.92%
2021-04-12 CAI SQZ y 43.82 45.35 91 44.39 1.3% 7.53%
2021-04-16 AGYS SQZ y 49.81 50.44 91 50.44 1.26% 3.17%
2021-04-13 RGEN DB n 210.99 212.86 79 213.57 1.22% 1.9%
2021-04-12 SYX CWH n 44.51 44.69 86 45.03 1.17% 1.35%
2021-04-16 DVAX SQZ y 10.87 10.99 94 10.99 1.1% 3.04%
2021-04-13 JMP SQZ y 6.70 6.99 92 6.77 1.04% 8.66%
2021-04-16 MTH DB n 97.94 98.79 75 98.79 0.87% 1.3%
2021-04-13 ETSY SQZ y 218.14 224.03 87 219.99 0.85% 4.06%
2021-04-16 GTES SQZ y 17.10 17.23 82 17.23 0.76% 1.52%
2021-04-16 AP SQZ y 6.87 6.92 82 6.92 0.73% 2.91%
2021-04-13 EVRI SQZ y 14.27 14.3 87 14.36 0.63% 3.19%
2021-04-16 NTRA SQZ y 106.36 106.95 88 106.95 0.55% 0.67%
2021-04-16 CMA SQZ y 69.78 70.16 85 70.16 0.54% 2.62%
2021-04-13 GWPH SQZ y 217.78 218 87 218.9 0.51% 0.56%
2021-04-16 DXPE SQZ y 30.08 30.23 80 30.23 0.5% 1.36%
2021-04-12 CTB SQZ y 56.82 57.02 87 57.09 0.48% 0.97%
2021-04-16 ETSY SQZ y 219.30 219.99 90 219.99 0.31% 0.84%
2021-04-15 GWPH SQZ y 218.37 218.81 89 218.9 0.24% 0.29%
2021-04-16 EVRI SQZ y 14.33 14.36 90 14.36 0.21% 1.54%
2021-04-13 TWTR DB n 71.86 72.45 89 71.71 -0.21% 1.88%
2021-04-13 RBBN SQZ y 8.52 8.53 93 8.47 -0.59% 2.35%
2021-04-13 RWT SQZ y 10.36 10.39 86 10.29 -0.68% 1.93%
2021-04-14 LTHM SQZ y 16.80 17.36 85 16.6 -1.19% 4.94%
2021-04-15 MSON SQZ y 19.88 19.99 81 19.64 -1.21% 1.51%
2021-04-13 ENPH SQZ y 151.88 153.09 87 150.01 -1.23% 3.4%
2021-04-12 RF SQZ y 21.24 21.42 81 20.97 -1.27% 1.22%
2021-04-12 DDS SQZ y 100.18 101.02 96 98.88 -1.3% 1.25%
2021-04-14 VVI SQZ y 41.00 41.43 83 40.34 -1.61% 5.22%
2021-04-13 STKL SQZ y 15.04 15.37 98 14.77 -1.8% 5.39%
2021-04-12 CMA SQZ y 71.50 72.25 84 70.16 -1.87% 1.58%
2021-04-14 RGS SQZ y 12.72 12.84 82 12.48 -1.89% 4.01%
2021-04-12 PRPL SQZ y 34.02 34.14 90 33.35 -1.97% 3.2%
2021-04-12 SKY SQZ y 46.29 46.63 87 45.34 -2.05% 2.31%
2021-04-12 HYRE SQZ y 12.17 12.25 98 11.86 -2.55% 2.3%
2021-04-14 TPIC SQZ y 52.85 53.24 87 51.48 -2.59% 2.82%
2021-04-13 USIO SQZ y 7.14 7.19 98 6.93 -2.94% 5.74%
2021-04-15 CRIS SQZ y 11.88 12.21 99 11.49 -3.28% 3.96%
2021-04-12 CUTR SQZ y 31.41 31.54 88 30.17 -3.95% 2.67%
2021-04-14 HEAR SQZ y 26.81 26.82 90 25.62 -4.44% 1.72%
2021-04-12 GBX SQZ y 45.87 46.38 85 43.8 -4.51% 1.64%
2021-04-15 HBM CWH n 8.28 8.42 91 7.9 -4.59% 3.14%
2021-04-13 FVRR SQZ y 226.67 232.7 95 216.17 -4.63% 5.34%
2021-04-13 CASA SQZ y 9.65 9.71 87 8.76 -9.22% 9.53%
2021-04-12 ACTG SQZ y 6.57 6.68 88 5.96 -9.28% 4.41%
2021-04-13 SI SQZ y 162.85 166.49 99 139.09 -14.59% 6.21%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday April 16, 2021
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
HYRE 12.45 1,112,660 HyreCar Inc. Rental & Leasing Services 98 11.86
STKL 15.96 1,557,134 SunOpta - Inc. Packaged Foods 97 14.77
AIV 6.50 6,116,493 Apartment Investment and Management Company REIT - Residential 88 6.38
SIM 14.65 223,505,106 Grupo Simec - S.A.B. de C. Steel 84 14.09
LPL 11.37 996,158 LG Display Co - Ltd AMERIC Consumer Electronics 83 10.95
PSEC 8.04 4,255,665 Prospect Capital Corporation Asset Management 82 8.00
SSSS 16.15 612,120 SuRo Capital Corp. Asset Management 81 15.48
SVC 13.91 1,238,241 Service Properties Trust REIT - Hotel & Motel 80 12.40
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 34200.7
1.18% 11.74% Up
NASDAQ 14052.3
1.09% 9.03% Up
S&P 500 4185.47
1.37% 11.43% 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
S&P 500 S&P 500
8.11
NASDAQ Composite
20.4
Dow Jones
11.74
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum
Luxury Goods
Utilities - Renewable

Most Improved Industry (by change in technical rank2)
Beverages - Brewers
34
Chemicals
47
Airlines
89
Airlines
125
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) 04/16/2021 NBIcharts, LLC dba BreakoutWatch.com. All rights reserved.
" 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.