MDA Breakout Stocks Week 7 - February 2023: High-Frequency Gainers To Give You An Edge

Summary

• Two new Breakout Stocks for Week 7 with better than 10% short-term upside and one Dow 30 Picks. Average cumulative returns for 2023 are +26.6% YTD.
• This week no selections gained over 10% as the Momentum Gauges® recorded the largest drop since the December 5th negative signal and started an early negative signal.
• The streak of weekly picks gaining over 10% in less than a week has reached 238 out of 298 trading weeks (79.9%) not including multiple gainers or signals.
• Annual returns are simulated by adding 52 weekly selections though they could be compounded weekly.  Top annual gainers have joined the growing multibagger list.
• The MDA breakout picks continue to beat the S&P 500 into 7 consecutive years delivering +708.2% compound returns through 2022 and a CAGR +30.87%.
• Looking for a portfolio of ideas like this one? Members of Value & Momentum Breakouts get exclusive access to our subscriber-only portfolios. Learn More »

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I continue to follow the Market Momentum Gauge® and Sector Momentum Gauge® signals. I adjust my exposure ahead of weekends and holidays to minimize the risk from these high volatility 3x funds that may not be appropriate investments for your portfolio. Readers are highly encouraged to consider your own optimal asset allocation strategies to diversify risks and enhance returns.