Breakoutwatch Weekly Summary 05/14/22

You are receiving this email because you are or were a 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:

Weekly Commentary
Friday was Possibly Day 1 of New Rally

On Friday the NASDAQ closed higher than the previous day's close making it potentially day one of O'Neil's criteria for recognizing a market bottom. For the rally to be confirmed, we now wait for a follow through day in days 4 through 7. A 'follow through day' is one with a big gain on volume higher than the previous day. Additionally, the rally is not confirmed if the day one close is undercut before the follow through day.

Chart of the Week
Urban One Inc. (UONEK)

Urban One, Inc., together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital.
UONEK set a pivot on announcement of its Q1 results. After some profit taking, the right side of the handle is progressing, and should UONEK breakout, there is upside potential until resistance at the left cup level.
New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/09/22
List Breakouts Avg. Gain
CWH 3 1.2
SQZ 12 2.69
Breakouts Gaining at Least 5% for Week Beginning 05/09/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-05-13 EOLS SQZ y 12.05 13.18 97 13.18 9.38% 11.95%
2022-05-13 DMLP SQZ y 26.40 28.11 97 28.11 6.48% 6.48%
2022-05-12 UONEK SQZ y 6.11 6.21 98 6.46 5.73% 8.67%
*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
KHC The Kraft Heinz Company Packaged Foods 94 44.29 44.29 100
RNDB Randolph Bancorp, Inc. Banks - Regional 94 25.97 26.63 97.52
XENT Intersect ENT, Inc. Medical Devices 93 28.24 28.25 99.96
UONEK Urban One, Inc. Broadcasting 98 6.46 6.88 93.9
*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.

Top Rated Cup and Handle Stocks as of Friday May 13, 2022
Symbol BO
Company Industry RS
BLU 9.09 1,044,762 BELLUS Health Inc. Biotechnology 98 8.27
RFP 15.22 909,824 Resolute Forest Products Inc. Paper & Paper Products 96 14.66
TUFN 13.00 1,146,039 Tufin Software Technologi Software - Infrastructure 96 12.68
DNOW 12.55 1,159,550 NOW Inc. Oil & Gas Equipment & Services 93 10.22
MRTN 18.92 685,443 Marten Transport - Ltd. Trucking 91 17.98
KT 15.30 1,357,694 KT Corporation Telecom Services 90 14.66
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 32196.7
-2.14% -11.4% Down
NASDAQ 11805
-2.8% -24.54% Down
S&P 500 4023.89
-2.41% -15.57% 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
Dow Jones Dow Jones
Dow Jones
Dow Jones
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
Thermal Coal
REIT - Residential
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


If you received this newsletter from a friend and you would like to receive it regularly please go to the site and you will then be able to register to receive the newsletter.

Copyright (c) 05/14/2022 Proactive Technologies, LLC dba All rights reserved.
" BreakoutWatch," the "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of Proactive Technologies 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.