The column provides daily updates on US stocks that have shown breakout signals in technical charts, or stocks that have broken out and then retraced to important moving averages, in order to help readers swiftly capture trading opportunities.

Updated at 11:00 on 03/12/2024 Riyadh Time

In this article, we use the same basic stock selection criteria as the "Breakout Stocks Tracker" weekly column. The slight difference is that we will be filtering out stocks that have recently shown a "breakout" signal and have now retraced back to a key moving average (we are using the MA50/MA20) as an entry point.

In our "Breakout Stocks Tracker" selection strategy, "Relative Price Strength (RPS)" is the most crucial indicator. Even during a stock price retracement, we still have certain requirements for RPS (not lower than 80). Simply put, the RPS value ranges from 0 to 100. The higher the RPS, the stronger the stock's performance.

It is important to emphasize that although such entry points may appear "safer," they do not eliminate the risk of stock prices continuing to decline and breaking through the key moving average. Therefore, readers still need to carefully study the market, industry, and fundamentals (as we have mentioned in our weekly column), and combine it with their own trading style to decide whether to make a trade.

Previous Articles
Breakthrough And Pullback | Special Edition: Keep an Eye on This Stock List, No "Signal Stocks" Today ——02/12/2024
Breakthrough And Pullback | Only 1 Stock to Watch Today: COHR Retraces to "Magic Support", Testing Previous High Price ——28/11/2024
Breakthrough And Pullback | Only 1 Stock to Watch Today: RYTM Stabilizes And Breaks Out ——27/11/2024

Today's Stock List 

The table is sorted by composite score, which theoretically ranges from 0 to 100. Typically, we primarily focus on stocks with scores greater than 70.

Note: The composite score in the table is calculated by our quantitative team, which combines factors such as RPS, EPS, SMR, Buy/Sell, and technical indicators using different weights. The RPS (max) utilizes the maximum value among the RPS50/120/250 parameters. The EPS Rating considers the growth rate of the stock's EPS and ranks it accordingly. SMR Rating represents the rating derived from the factors of Sales Growth, Profit Margins, and Return on Equity ratios. The Buy/Sell Rating is calculated based on the stock's price movement and trading volume, representing the recent buying and selling strength of the stock. The Technical aspect pertains to the stock price pattern, with "P" indicating Pullback and "B" indicating Breakthrough. Additionally, the stocks with green background shading in the "Composite Score" column indicate that institutional holdings have increased compared to the previous period.

Additionally, we published an article over the previous weekend regarding the backtested stock selection success rate of this column, providing details on the stock selections and returns. Details refer to Stock Selection Review | HOOD Returns 32.35%; Overall Success Rate of 76.92%, $10272.28 Total Profit (Stocks From 4-Nov to 8-Nov).

Market Sentiment

Broad Market Index

According to our quantitative scoring system, we will continuously update the Market Sentiment index for the past seven trading days in our articles. If you wish to view data from earlier periods, you can refer to our previous articles.

Note: Our quantitative team scores market indices based on objective technical indicators (such as moving averages, MACD, and other factors). We select various market indices to represent the trends of stocks in different markets, and then take the average to obtain a composite index (market sentiment). Based on the score differences, we categorize the market into different stages, representing different market sentiments: S [95, 100], A [85, 95), B [75, 85), C [60, 75), D [0, 60). For reference only.

S&P 500 Representative ETFs for 11 Sectors

According to our scoring system, we can observe the strength of different sectors. Higher scores for a sectors indicate that stocks within that sectors are receiving more attention in the current market and are showing stronger trends. Generally speaking, selecting stocks from strong sectors may lead to a higher success rate.

Risk Warning: It must be noted that some of the stocks selected showed a breakout trend with increased trading volume, with experiencing significant gains. Consequently, there may be a risk of a short-term pullback. Being patient and waiting for a "suitable" buying point may be a better choice.

The above fundamental and rating information is from the company's official website and public information in the market, and is only used to provide investors with a comprehensive display of the company's details, not to provide investment advice.

Note: This content was generated by Sahm content team's quant analysis model and reviewed by our editors. The stock selection in this article is based primarily on market data and quantitative calculations, without including any subjective opinions.

Disclaimer: The content is provided as general information only and should not be taken as investment advice. All the contents shall not be taken as a recommendation to buy or sell any security or financial instruments. Any action you take resulting from information, analysis, or commentary on this article is your responsibility. Please consult your investment advisor before making any investments.