Breakoutwatch Weekly Summary 02/05/22

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Weekly Commentary
NASDAQ Gains 2.4% but Too Early to Celebrate

The markets appeared to shrug off pending interest rate increases led by a 2.4% gain by the NASDAQ. The S&P 500 added 1.6% and the DJI 1.1%. The NASDAQ Gain was  assisted by spectacular earnings from Alphabet (GOOG) and (AMZN) but the index remains below both its 50 and 200 day moving averages. The index set a low on January 24 but strong volume has failed to materialize. Some components of the index have posted follow through days, but the index overall has yet to post a gain of over 1% on well above average volume.
Chart of the Week Holdings, Inc. (BILL)

Continuing my focus on beaten down stocks that have the potential to move higher in the short term, this week I've selected BILL, which broke above its Average True Range on Friday on 3 times average volume.

BILL 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 01/31/22
List Breakouts Avg. Gain
CWH 15 2.22
SQZ 24 -0.22
Breakouts Gaining at Least 5% for Week Beginning 01/31/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-02-01 FUN CWH n 51.22 56.25 86 58.7 14.6% 15.6%
2022-02-02 VIVO SQZ y 21.53 22.01 82 23.98 11.38% 11.98%
2022-01-31 NGVC SQZ y 14.06 14.6 83 15.25 8.46% 9.1%
2022-02-03 RES CWH n 6.65 6.66 95 7.11 6.92% 8.05%
*RS Rank on day before breakout.
CwH Stocks Likely to Close above BoP at Next Session*
Symbol Company Industry RS Rank Last Close BoP % off BoP
NGVC Natural Grocers by Vitamin Cottage, Inc. Grocery Stores 89 15.25 15.34 99.41
OII Oceaneering International, Inc. Oil & Gas Equipment & Services 92 14.12 14.43 97.85
OIS Oil States International, Inc. Oil & Gas Equipment & Services 87 6.72 6.86 97.96
AE Adams Resources & Energy, Inc. Oil & Gas Integrated 88 30.51 31.15 97.95
ARL American Realty Investors, Inc. Real Estate - Development 96 14.74 14.95 98.6
NMM Navios Maritime Partners LP Marine Shipping 94 30.54 30.74 99.35
CRT Cross Timbers Royalty Trust Oil & Gas E&P 96 14.9 15.00 99.33
UBOH United Bancshares, Inc. Banks - Regional 89 33.2 33.99 97.68
FXNC First National Corporation Banks - Regional 89 22.99 23.85 96.39
FVCB FVCBankcorp, Inc. Banks - Regional 86 20.95 21.19 98.87
HIE Miller/Howard High Inco Asset Management 87 10.74 10.97 97.9
*These stocks were selected using our CWH price breakout model. This model selects stocks likely to close above the breakout price at the next session. When backtested over the three years beginning January 2019 until October 28, 2021, 80% of the stocks selected closed above their breakout price. This does not mean that on any day, 80% of the stocks selected will breakout, but it is the expectation over an extended period of time.
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Top Rated Cup and Handle Stocks as of Friday February 04, 2022
Symbol BO
Company Industry RS
TSRI 15.27 1,372,088 TSR - Inc. Software - Application 96 12.31
WTTR 7.71 615,211 Select Energy Services - Inc. Oil & Gas Equipment & Services 94 7.39
OII 14.43 1,071,374 Oceaneering International - Inc. Oil & Gas Equipment & Services 92 14.12
KYN 8.72 1,232,096 Kayne Anderson Energy Infrastructure Fund - Inc. Asset Management 87 8.55
OIS 6.86 1,395,928 Oil States International - Inc. Oil & Gas Equipment & Services 87 6.72
VIV 9.53 1,381,587 Telefonica Brasil S.A. American Depositary Shares Telecom Services 87 9.34
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 35089.7
1.05% -3.44% Down
NASDAQ 14098
2.38% -9.89% Down
S&P 500 4500.53
1.55% -5.57% Down
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 Dow Jones
S&P 500
Dow Jones
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Oil & Gas Integrated
REIT - Residential
Thermal Coal
Most Improved Industry (by change in technical rank2)
Aerospace & Defense
Aerospace & Defense
Aerospace & Defense
Aerospace & Defense
Charts of each industry rank and performance over 12 months are available on the site


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