Overview
The 20-Week Breakout scan generated 133 total signals on 2026-09-03, split between 41 bullish (30.8%) and 92 bearish (69.2%) setups. This lopsided ratio signals broad institutional distribution rather than accumulation, consistent with the “Cautious” SA Regime reading and breadth of just 48.9% of stocks above their SMA-40.
Despite the bearish tilt, pockets of strength persist in Energy, Health Care, and Communication Services — the top three sectors by ATR%. Institutional fund counts across all listed tickers currently show 0 reported funds with undefined accumulation percentages, suggesting these are early-stage price signals not yet confirmed by 13F-level institutional flow data.
Quality Score: 2/5. With bearish signals more than double bullish signals and a Cautious regime capping conviction, only the highest-quality setups in leading sectors (Energy, Health Care) warrant aggressive positioning. Breadth below 50% and weak bottom sectors (Industrials, Real Estate, Utilities) argue for a defensive, selective posture.
Top 5 Bullish Picks
META ($610.68) — Internet / Internet-Content
META posted a $20+ weekly dollar breakout with a modest 0.83x ATR multiple, trading 17.4% above its 52-week low but still 22.8% below its 52-week high, leaving room to run. Volume was in line with average (1.0x rel volume), indicating a steady, non-speculative move rather than a blow-off spike.
| Level | Price |
|---|---|
| Current | $610.68 |
| Stop (1x ATR) | $589.98 |
| Target 1 (+1x ATR) | $631.38 |
| Target 2 (+2x ATR) | $652.08 |
Institutional Interest: 0 funds reported, bucket funds_1000 — early signal, watch for fund inflow confirmation.
MCK ($921.14) — Medical / Medical-Distribution
MCK broke out with a strong 3.60x ATR multiple on below-average volume (0.8x rel), pushing 35.0% above its 52-week low while remaining just 7.8% off highs — a tight, high-momentum uptrend.
| Level | Price |
|---|---|
| Current | $921.14 |
| Stop (1x ATR) | $897.88 |
| Target 1 (+1x ATR) | $944.40 |
| Target 2 (+2x ATR) | $967.66 |
Institutional Interest: 0 funds reported, bucket funds_1000 — defensive Medical name gaining price momentum ahead of confirmed institutional flow.
SNDK ($1554.99) — Computer / Computer-Hardware/Perip
SNDK’s dollar breakout is the largest in the group at $1554.99, though its ATR multiple is negative (-0.06) and ADR% is elevated at 7.1%, signaling high volatility risk alongside the move. The extreme 52W low comparison (+2970.1%) reflects a prior deep drawdown base.
| Level | Price |
|---|---|
| Current | $1554.99 |
| Stop (1x ATR) | $1429.33 |
| Target 1 (+1x ATR) | $1680.65 |
| Target 2 (+2x ATR) | $1806.31 |
Institutional Interest: 0 funds reported, bucket all_unique_bucket_1_stocks — high-risk, high-reward speculative profile; size positions accordingly.
DE ($694.23) — Machine / Machinery-Constr/Mining/Farming
DE surged with a robust 4.19x ATR multiple on above-average volume (1.4x rel), sitting just 0.9% below its 52-week high and 60.3% above its 52-week low — a textbook leadership breakout.
| Level | Price |
|---|---|
| Current | $694.23 |
| Stop (1x ATR) | $673.65 |
| Target 1 (+1x ATR) | $714.81 |
| Target 2 (+2x ATR) | $735.39 |
Institutional Interest: 0 funds reported, bucket funds_1000 — strong technical setup awaiting institutional confirmation.
DDS ($653.23) — Retail / Retail – General
DDS broke out with a 3.06x ATR multiple but elevated LOD Risk ATR% of 80.4%, reflecting significant intraday volatility. The stock trades 29.9% above its 52-week low and only 8.2% off highs, though thin average volume (138,960 shares) warrants caution on liquidity.
| Level | Price |
|---|---|
| Current | $653.23 |
| Stop (1x ATR) | $628.26 |
| Target 1 (+1x ATR) | $678.20 |
| Target 2 (+2x ATR) | $703.17 |
Institutional Interest: 0 funds reported, bucket N/A — low-liquidity name; use tighter position sizing.
Bearish Alerts
Bearish pressure is concentrated in the Chip sector, with ONTO (-1.92x ATR), ALAB (-1.84x ATR), and the SOXX semiconductor ETF (-1.93x ATR) all breaking down, confirming sector-wide semiconductor distribution rather than isolated weakness. CIEN in Telecom-Equipment shows the sharpest breakdown at -2.62x ATR on elevated 2.8x relative volume, signaling active institutional selling. LMT (Aerospace/Defense) rounds out the list with a more moderate -1.48x ATR decline, trading 23.0% below its 52-week high.
Sector Theme
Cross-sector momentum favors Energy (VLO, MPC breakouts, leading 3.0% ATR%), Health Care (MCK, ALNY, ASND, 2.2% ATR%), and Communication Services (2.1% ATR%). Meanwhile, Industrials, Real Estate, and Utilities post negative ATR% readings, and Chips/Semiconductors confirm distribution via the SOXX ETF breakdown alongside individual names ONTO and ALAB — a clear rotation away from rate-sensitive and tech-cyclical groups toward defensive and commodity-linked sectors.
Institutional Summary
Across all top bullish tickers, reported institutional fund counts are currently 0 with undefined accumulation percentages, indicating these breakouts are price-driven and precede confirmed institutional flow data. By bucket tier, DE, VLO, and MPC fall into higher-conviction buckets (funds_1000 and all_unique_bucket_2_stocks), while SNDK, ALNY, ASND, and MU sit in the more speculative all_unique_bucket_1_stocks tier. Investors should monitor upcoming fund-flow updates on META, MCK, and DE for confirmation of institutional accumulation before adding size.