Breakoutwatch Weekly Summary 08/06/22
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| NASDAQ Continues to Climb; 28
Breakouts Gain >= 5% The NASDAQ continued its winning ways with a gain of 2.15% easily outpacing the DJI (-0.1%) and S&P 500 (0.4%). despite there having been 2 successive negative quarters of GDP growth which some are calling a recession although the recession arbiter - the National Bureau of Economic Research - has yet to declare it. The more important economic news was the rate of job growth - double analysts expectations. This was seen as likely pushing the Fed to continue to aggressively raise interest rates which could have negatively affected the markets on Friday but the NASDAQ and S&P closed well above their lows and the DJI even made a slight gain on the day.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 26 | 1.71 |
| SQZ | 87 | 3 |
| HTF | 4 | 3.36 |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2022-08-04 | MIRM | SQZ | y | 23.31 | 26.05 | 94 | 29.44 | 26.3% | 28.7% |
| 2022-08-04 | DCPH | SQZ | y | 13.58 | 16.81 | 82 | 16.51 | 21.58% | 26.66% |
| 2022-08-02 | FGEN | SQZ | y | 12.17 | 12.37 | 88 | 14.51 | 19.23% | 19.64% |
| 2022-08-02 | PTCT | SQZ | y | 44.89 | 46.9 | 93 | 53.5 | 19.18% | 19.66% |
| 2022-08-04 | FGEN | SQZ | y | 12.72 | 13.95 | 89 | 14.51 | 14.07% | 14.47% |
| 2022-08-03 | PTCT | SQZ | y | 46.91 | 47.82 | 94 | 53.5 | 14.05% | 14.51% |
| 2022-08-03 | IONS | CWH | n | 40.33 | 41.02 | 85 | 45.7 | 13.32% | 13.91% |
| 2022-08-05 | MIRM | SQZ | y | 26.06 | 29.44 | 97 | 29.44 | 12.97% | 15.12% |
| 2022-08-04 | IONS | SQZ | y | 41.03 | 43.29 | 92 | 45.7 | 11.38% | 11.97% |
| 2022-08-04 | KRYS | SQZ | y | 73.76 | 78.54 | 95 | 82.09 | 11.29% | 12.61% |
| 2022-08-02 | UFPT | SQZ | y | 80.28 | 88.93 | 94 | 89.15 | 11.05% | 13.4% |
| 2022-08-03 | SRPT | CWH | n | 95.85 | 96.11 | 95 | 106.02 | 10.61% | 11.65% |
| 2022-08-04 | NBIX | SQZ | y | 94.07 | 95.93 | 85 | 104.04 | 10.6% | 12.37% |
| 2022-08-03 | MYOV | SQZ | y | 13.80 | 14.18 | 82 | 15.12 | 9.57% | 10.62% |
| 2022-08-04 | BMRN | SQZ | y | 88.41 | 92.98 | 86 | 95.82 | 8.38% | 9.15% |
| 2022-08-01 | OTTR | SQZ | y | 70.28 | 70.76 | 94 | 75.74 | 7.77% | 12.17% |
| 2022-08-04 | XENE | CWH | y | 35.71 | 36.28 | 95 | 38.47 | 7.73% | 11.51% |
| 2022-08-05 | ACRS | SQZ | y | 16.78 | 18 | 95 | 18 | 7.27% | 10.01% |
| 2022-08-01 | CVS | SQZ | y | 95.69 | 96.02 | 80 | 102.26 | 6.87% | 9.11% |
| 2022-08-04 | ITCI | SQZ | y | 56.21 | 58.77 | 95 | 59.99 | 6.72% | 8.52% |
| 2022-08-02 | AXNX | SQZ | y | 66.67 | 71.18 | 92 | 71 | 6.49% | 8.67% |
| 2022-08-03 | RGNX | CWH | n | 33.05 | 33.99 | 88 | 35.04 | 6.02% | 8.08% |
| 2022-08-05 | XENE | SQZ | y | 36.29 | 38.47 | 97 | 38.47 | 6.01% | 9.73% |
| 2022-08-01 | LMAT | SQZ | y | 50.36 | 51.9 | 88 | 53.24 | 5.72% | 7.82% |
| 2022-08-05 | CRNX | SQZ | y | 21.01 | 22.2 | 85 | 22.2 | 5.66% | 6.09% |
| 2022-08-01 | ERIE | SQZ | y | 203.37 | 204.17 | 91 | 214.69 | 5.57% | 6.07% |
| 2022-08-05 | FOLD | CWH | n | 11.55 | 12.18 | 95 | 12.18 | 5.45% | 9.82% |
| 2022-08-05 | WMC | HTF | n | 13.80 | 14.55 | 99 | 14.55 | 5.43% | 6.28% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | Company | Industry | RS Rank | Last Close | BoP | % off BoP |
|---|---|---|---|---|---|---|
| HTZ | Hertz Global Holdings, Inc | Rental & Leasing Services | 87 | 21.63 | 22.01 | 98.27 |
| ESQ | Esquire Financial Holdings, Inc. | Banks - Regional | 90 | 37.27 | 37.98 | 98.13 |
| ORLY | O'Reilly Automotive, Inc. | Specialty Retail | 91 | 709.01 | 712.17 | 99.56 |
| CBTX | CBTX, Inc. | Banks - Regional | 88 | 30.74 | 31.68 | 97.03 |
| STAA | STAAR Surgical Company | Medical Instruments & Supplies | 82 | 84.51 | 87.00 | 97.14 |
| FHN | First Horizon Corporation | Banks - Regional | 94 | 23 | 23.01 | 99.96 |
| MRC | MRC Global Inc. | Oil & Gas Equipment & Services | 93 | 11.44 | 11.73 | 97.53 |
| *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. | ||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| VIST | 9.07 | 1,028,959 | Vista Energy S.A.B. de C. | Oil & Gas E&P | 95 | 8.60 |
| DNOW | 12.11 | 1,021,925 | NOW Inc. | Oil & Gas Equipment & Services | 93 | 11.41 |
| KRP | 17.95 | 579,491 | Kimbell Royalty Partners | Oil & Gas E&P | 93 | 17.54 |
| MERC | 16.82 | 520,112 | Mercer International Inc. | Paper & Paper Products | 92 | 15.11 |
| NPTN | 16.01 | 1,347,791 | NeoPhotonics Corporation | Semiconductors | 92 | 16.01 |
| HLIT | 11.73 | 1,024,852 | Harmonic Inc. | Communication Equipment | 91 | 11.34 |
| PSO | 10.87 | 620,894 | Pearson - Plc | Publishing | 91 | 10.73 |
| BW | 8.66 | 540,545 | Babcock & Wilcox Enterprises - Inc. | Specialty Industrial Machinery | 89 | 8.31 |
| KAR | 17.27 | 1,331,852 | KAR Auction Services - Inc | Specialty Retail | 88 | 16.28 |
| LPG | 17.20 | 894,913 | Dorian LPG Ltd. | Oil & Gas Midstream | 88 | 15.70 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 32803.5 |
-0.13% | -9.73% | Up |
| NASDAQ | 12657.6 |
2.15% | -19.09% | Up |
| S&P 500 | 4145.19 |
0.36% | -13.03% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite -0.29 |
Dow Jones -6.52 |
Dow Jones -9.73 |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Thermal Coal |
Healthcare Plans |
Oil & Gas Integrated |
Luxury Goods |
| Aerospace & Defense 0 |
Aerospace & Defense 0 |
Aerospace & Defense 0 |
Aerospace & Defense 0 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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