As of 05/16/2024

Indus: 39,869 -38.62 -0.1%

Trans: 15,561 -20.59 -0.1%

Utils: 950 +0.34 +0.0%

Nasdaq: 16,698 -44.07 -0.3%

S&P 500: 5,297 -11.05 -0.2%

YTD

+5.8%

-2.1%

+7.7%

+11.2%

+11.1%

Targets Overview: 05/13/2024

39,950 or 38,500 by 06/01/2024

16,050 or 15,300 by 06/01/2024

960 or 900 by 06/01/2024

17,250 or 15,850 by 06/01/2024

5,500 or 5,100 by 06/01/2024

Chart Pattern Indicator:

on 5/1/24

As of 05/16/2024

Indus: 39,869 -38.62 -0.1%

Trans: 15,561 -20.59 -0.1%

Utils: 950 +0.34 +0.0%

Nasdaq: 16,698 -44.07 -0.3%

S&P 500: 5,297 -11.05 -0.2%

YTD

+5.8%

-2.1%

+7.7%

+11.2%

+11.1%

Targets Overview: 05/13/2024

39,950 or 38,500 by 06/01/2024

16,050 or 15,300 by 06/01/2024

960 or 900 by 06/01/2024

17,250 or 15,850 by 06/01/2024

5,500 or 5,100 by 06/01/2024

Chart Pattern Indicator:

on 5/1/24

Patterns for the Weekend Details

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Definitions

RS is relative strength (where 1 is best). For other definitions, see the glossary.

'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.

All numbers assume a bull market and are based on the breakout direction that occurs most often.

For more information, consult my book, Encyclopedia of Chart Patterns.

3M Company (MMM)

Industry: Diversified Co.

Industry RS rank: 34 out of 60

Stock RS rank: 437 out of 620

5/2/24 close: $96.81

1 Month avg volatility: $1.86. Volatility stop (for upward breakout): $92.93 or 4.0% below the close.

Change YTD: -11.44%

Volume: 6,263,500 shares. 3 month avg: 3,021,471 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Triangle, symmetrical continuation pattern from 04/04/2024 to 04/29/2024

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

AES Corp (AES)

Industry: Electric Utility (East)

Industry RS rank: 41 out of 60

Stock RS rank: 170 out of 620

5/2/24 close: $18.93

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $17.16 or 9.3% below the close.

Change YTD: -1.66%

Volume: 10,576,200 shares. 3 month avg: 5,494,342 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Head-and-shoulders complex bottom reversal pattern from 02/13/2024 to 04/17/2024

Breakout is upward 100% of the time.
Average rise: 39%.
Break-even failure rate: 4%.
Throwbacks occur 63% of the time.
Price hits measure rule target 74% of the time.

Air Products and Chemicals, Inc. (APD)

Industry: Chemical (Diversified)

Industry RS rank: 53 out of 60

Stock RS rank: 572 out of 620

5/2/24 close: $243.69

1 Month avg volatility: $4.23. Volatility stop (for upward breakout): $226.68 or 7.0% below the close.

Change YTD: -11.00%

Volume: 1,805,000 shares. 3 month avg: 1,051,743 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Triple bottom reversal pattern from 04/16/2024 to 04/30/2024

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

American Eagle Outfitters Inc. (AEO)

Industry: Apparel

Industry RS rank: 2 out of 60

Stock RS rank: 97 out of 620

5/2/24 close: $24.47

1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $26.18 or 7.0% above the close.

Change YTD: 15.64%

Volume: 2,981,500 shares. 3 month avg: 4,309,748 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/21/2024 to 04/09/2024

Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

AMN Healthcare (AMN)

Industry: Human Resources

Industry RS rank: 56 out of 60

Stock RS rank: 593 out of 620

5/2/24 close: $60.21

1 Month avg volatility: $1.84. Volatility stop (for upward breakout): $54.12 or 10.1% below the close.

Change YTD: -19.59%

Volume: 821,000 shares. 3 month avg: 286,222 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Triple bottom reversal pattern from 04/15/2024 to 04/25/2024

WARNING: A dead-cat bounce occurred on 02/16/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/17/2024 and a 38% chance by 08/16/2024.
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

Axis Capital Holdings Ltd (AXS)

Industry: Insurance (Prop/Casualty)

Industry RS rank: 40 out of 60

Stock RS rank: 358 out of 620

5/2/24 close: $65.18

1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $60.83 or 6.7% below the close.

Change YTD: 17.72%

Volume: 1,012,900 shares. 3 month avg: 808,385 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 04/17/2024 to 04/26/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Berry Global Group Inc (BERY)

Industry: Packaging and Container

Industry RS rank: 32 out of 60

Stock RS rank: 472 out of 620

5/2/24 close: $58.38

1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $55.74 or 4.5% below the close.

Change YTD: -13.37%

Volume: 692,300 shares. 3 month avg: 894,866 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 04/16/2024 to 04/24/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Booking Holdings (BKNG)

Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 22 out of 60

Stock RS rank: 189 out of 620

5/2/24 close: $3,472.91

1 Month avg volatility: $76.20. Volatility stop (for downward breakout): $3,640.31 or 4.8% above the close.

Change YTD: -2.09%

Volume: 431,000 shares. 3 month avg: 441,478 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.

Chart pattern: Triangle, descending reversal pattern from 03/15/2024 to 05/01/2024

Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

Cal-Maine Foods Inc (CALM)

Industry: Food Processing

Industry RS rank: 51 out of 60

Stock RS rank: 245 out of 620

5/2/24 close: $57.52

1 Month avg volatility: $1.70. Volatility stop (for downward breakout): $61.02 or 6.1% above the close.

Change YTD: 0.23%

Volume: 630,100 shares. 3 month avg: 322,132 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/22/2024 to 04/17/2024

Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

CF Industries Holdings, Inc. (CF)

Industry: Chemical (Basic)

Industry RS rank: 20 out of 60

Stock RS rank: 548 out of 620

5/2/24 close: $73.87

1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $80.45 or 8.9% above the close.

Change YTD: -7.08%

Volume: 4,327,000 shares. 3 month avg: 3,754,700 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/18/2024 to 04/29/2024

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Diamondback Energy Inc (FANG)

Industry: Petroleum (Producing)

Industry RS rank: 48 out of 60

Stock RS rank: 208 out of 620

5/2/24 close: $197.63

1 Month avg volatility: $4.50. Volatility stop (for downward breakout): $207.14 or 4.8% above the close.

Change YTD: 27.44%

Volume: 1,899,100 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 04/12/2024 to 04/26/2024

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

DJ 30 Industrials (^DJI)

Industry: None

Industry RS rank: 25 out of 60

5/2/24 close: $38,225.66

1 Month avg volatility: $402.35. Volatility stop (for upward breakout): $37,090.96 or 3.0% below the close.

Change YTD: 1.42%

Volume: 0 shares. Could not calculate the 3 month avg volume.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Triangle, symmetrical continuation pattern from 04/17/2024 to 05/02/2024

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

eBay, Inc. (EBAY)

Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 22 out of 60

Stock RS rank: 169 out of 620

5/2/24 close: $49.39

1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $46.43 or 6.0% below the close.

Change YTD: 13.23%

Volume: 10,824,100 shares. 3 month avg: 8,868,903 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Broadening top, right-angled and descending continuation pattern from 03/14/2024 to 05/02/2024

Breakout is upward 51% of the time.
Average rise: 28%.
Break-even failure rate: 19%.
Throwbacks occur 52% of the time.
Price hits measure rule target 63% of the time.

eXp World Holdings (EXPI)

Industry: E-Commerce

Industry RS rank: 23 out of 60

Stock RS rank: 576 out of 620

5/2/24 close: $11.25

1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $9.41 or 16.3% below the close.

Change YTD: -27.51%

Volume: 2,368,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 03/19/2024 to 04/10/2024

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

EZCorp Inc (EZPW)

Industry: Financial Services

Industry RS rank: 17 out of 60

Stock RS rank: 155 out of 620

5/2/24 close: $10.54

1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $11.36 or 7.8% above the close.

Change YTD: 20.59%

Volume: 1,273,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 04/01/2024 to 04/24/2024

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

Flextronics International Ltd (FLEX)

Industry: Electronics

Industry RS rank: 31 out of 60

Stock RS rank: 446 out of 620

5/2/24 close: $27.42

1 Month avg volatility: $0.91. Volatility stop (for downward breakout): $29.24 or 6.6% above the close.

Change YTD: -9.98%

Volume: 10,494,900 shares. 3 month avg: 3,241,565 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/04/2024 to 04/30/2024

WARNING: A dead-cat bounce occurred on 01/03/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 07/03/2024.
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

GameStop Corp (GME)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 4 out of 60

Stock RS rank: 522 out of 620

5/2/24 close: $12.76

1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $9.74 or 23.6% below the close.

Change YTD: -27.21%

Volume: 8,489,000 shares. 3 month avg: 3,063,175 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 04/16/2024 to 04/22/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Horton, D.R. Inc. (DHI)

Industry: Homebuilding

Industry RS rank: 3 out of 60

Stock RS rank: 127 out of 620

5/2/24 close: $145.46

1 Month avg volatility: $4.13. Volatility stop (for upward breakout): $133.58 or 8.2% below the close.

Change YTD: -4.29%

Volume: 1,779,500 shares. 3 month avg: 4,390,840 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Diamond bottom reversal pattern from 04/19/2024 to 05/02/2024

Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

Insperity (NSP)

Industry: Human Resources

Industry RS rank: 56 out of 60

Stock RS rank: 513 out of 620

5/2/24 close: $103.17

1 Month avg volatility: $2.31. Volatility stop (for downward breakout): $109.95 or 6.6% above the close.

Change YTD: -11.99%

Volume: 372,400 shares. 3 month avg: 131,942 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Top, Adam and Eve reversal pattern from 03/28/2024 to 04/23/2024

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 14%.
Pullbacks occur 59% of the time.
Price hits measure rule target 69% of the time.

Insulet Corporation (PODD)

Industry: Medical Supplies

Industry RS rank: 37 out of 60

Stock RS rank: 184 out of 620

5/2/24 close: $173.42

1 Month avg volatility: $5.25. Volatility stop (for upward breakout): $157.78 or 9.0% below the close.

Change YTD: -20.08%

Volume: 630,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 04/19/2024 to 04/25/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Intrepid Potash Inc (IPI)

Industry: Chemical (Diversified)

Industry RS rank: 53 out of 60

Stock RS rank: 483 out of 620

5/2/24 close: $20.51

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $18.74 or 8.6% below the close.

Change YTD: -14.15%

Volume: 68,500 shares. 3 month avg: 1,190,495 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Triangle, symmetrical continuation pattern from 03/07/2024 to 05/02/2024

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

Johnson and Johnson (JNJ)

Industry: Medical Supplies

Industry RS rank: 37 out of 60

Stock RS rank: 501 out of 620

5/2/24 close: $149.92

1 Month avg volatility: $2.45. Volatility stop (for upward breakout): $144.25 or 3.8% below the close.

Change YTD: -4.35%

Volume: 8,334,500 shares. 3 month avg: 5,464,417 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 04/18/2024 to 04/30/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Kaiser Aluminum Corp (KALU)

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 22 out of 620

5/2/24 close: $94.33

1 Month avg volatility: $3.24. Volatility stop (for upward breakout): $85.02 or 9.9% below the close.

Change YTD: 32.50%

Volume: 138,800 shares. 3 month avg: 141,669 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 04/16/2024 to 04/25/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Leggett and Platt (LEG)

Industry: Furn/Home Furnishings

Industry RS rank: 11 out of 60

Stock RS rank: 614 out of 620

5/2/24 close: $13.56

1 Month avg volatility: $0.50. Volatility stop (for downward breakout): $14.68 or 8.2% above the close.

Change YTD: -48.18%

Volume: 5,575,100 shares. 3 month avg: 1,259,645 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Dead-cat bounce continuation pattern from 05/01/2024 to 05/01/2024

Breakout is downward 67% of the time.
Average decline: 18%.

Lennar Corp. Cl A (LEN)

Industry: Homebuilding

Industry RS rank: 3 out of 60

Stock RS rank: 93 out of 620

5/2/24 close: $155.21

1 Month avg volatility: $4.24. Volatility stop (for upward breakout): $142.90 or 7.9% below the close.

Change YTD: 4.14%

Volume: 1,022,100 shares. 3 month avg: 3,465,638 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Diamond bottom reversal pattern from 04/16/2024 to 05/02/2024

Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

Lilly, Eli and Co. (LLY)

Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 24 out of 60

Stock RS rank: 108 out of 620

5/2/24 close: $755.91

1 Month avg volatility: $17.94. Volatility stop (for upward breakout): $718.41 or 5.0% below the close.

Change YTD: 29.68%

Volume: 3,145,300 shares. 3 month avg: 3,086,694 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Multi-peaks from 02/08/2024 to 05/02/2024

LiveRamp Holdings (RAMP)

Industry: Computer Software and Svcs

Industry RS rank: 43 out of 60

Stock RS rank: 272 out of 620

5/2/24 close: $32.48

1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $30.69 or 5.5% below the close.

Change YTD: -14.26%

Volume: 332,700 shares. 3 month avg: 906,945 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Pennant continuation pattern from 04/24/2024 to 05/02/2024

Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

LSB Industries Inc (LXU)

Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 8 out of 60

Stock RS rank: 549 out of 620

5/2/24 close: $8.52

1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $7.78 or 8.7% below the close.

Change YTD: -8.49%

Volume: 380,100 shares. 3 month avg: 417,169 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Scallop, ascending continuation pattern from 04/04/2024 to 04/30/2024

Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

Matador Resources Co (MTDR)

Industry: Petroleum (Producing)

Industry RS rank: 48 out of 60

Stock RS rank: 488 out of 620

5/2/24 close: $62.11

1 Month avg volatility: $1.90. Volatility stop (for downward breakout): $66.36 or 6.9% above the close.

Change YTD: 9.23%

Volume: 1,317,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Head-and-shoulders complex top reversal pattern from 03/25/2024 to 04/24/2024

Breakout is downward 100% of the time.
Average decline: 23%.
Break-even failure rate: 4%.
Pullbacks occur 67% of the time.
Price hits measure rule target 53% of the time.

MGE Energy Inc (MGEE)

Industry: Electric Utility (Central)

Industry RS rank: 44 out of 60

Stock RS rank: 377 out of 620

5/2/24 close: $80.29

1 Month avg volatility: $1.53. Volatility stop (for upward breakout): $76.27 or 5.0% below the close.

Change YTD: 11.04%

Volume: 213,900 shares. 3 month avg: 83,160 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Eve and Eve reversal pattern from 03/20/2024 to 04/16/2024

Breakout is upward 100% of the time.
Average rise: 40%.
Break-even failure rate: 4%.
Throwbacks occur 55% of the time.
Price hits measure rule target 67% of the time.

Netgear Inc. (NTGR)

Industry: Telecom. Equipment

Industry RS rank: 14 out of 60

Stock RS rank: 525 out of 620

5/2/24 close: $11.78

1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $13.95 or 18.5% above the close.

Change YTD: -19.20%

Volume: 1,473,500 shares. 3 month avg: 452,812 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/01/2024 to 05/01/2024

WARNING: A dead-cat bounce occurred on 05/02/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/01/2024 and a 38% chance by 10/31/2024.
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

ON Semiconductor Corp (ON)

Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 1 out of 60

Stock RS rank: 422 out of 620

5/2/24 close: $70.01

1 Month avg volatility: $2.36. Volatility stop (for upward breakout): $63.34 or 9.5% below the close.

Change YTD: -16.19%

Volume: 6,485,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

Chart pattern: Pipe bottom reversal pattern from 04/15/2024 to 04/22/2024

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Osisko Gold Royalties Ltd (OR)

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 174 out of 620

5/2/24 close: $15.60

1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $16.59 or 6.3% above the close.

Change YTD: 9.24%

Volume: 380,400 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/01/2024 to 04/12/2024

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Outfont Media (OUT)

Industry: Advertising

Industry RS rank: 12 out of 60

Stock RS rank: 23 out of 620

5/2/24 close: $16.04

1 Month avg volatility: $0.47. Volatility stop (for upward breakout): $14.66 or 8.6% below the close.

Change YTD: 14.90%

Volume: 2,757,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Pipe bottom reversal pattern from 04/15/2024 to 04/22/2024

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Patrick Industries Inc (PATK)

Industry: Retail Building Supply

Industry RS rank: 9 out of 60

Stock RS rank: 72 out of 620

5/2/24 close: $110.34

1 Month avg volatility: $3.20. Volatility stop (for upward breakout): $96.02 or 13.0% below the close.

Change YTD: 9.96%

Volume: 347,200 shares. 3 month avg: 94,083 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Triple bottom reversal pattern from 04/18/2024 to 05/01/2024

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

Pfizer Inc. (PFE)

Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 24 out of 60

Stock RS rank: 556 out of 620

5/2/24 close: $27.70

1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $26.08 or 5.9% below the close.

Change YTD: -3.79%

Volume: 60,899,400 shares. 3 month avg: 34,097,717 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 04/18/2024 to 04/26/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

PG and E (PCG)

Industry: Electric Utility (West)

Industry RS rank: 55 out of 60

Stock RS rank: 466 out of 620

5/2/24 close: $17.53

1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $16.66 or 4.9% below the close.

Change YTD: -2.77%

Volume: 9,524,900 shares. 3 month avg: 5,870,049 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Triple bottom reversal pattern from 02/13/2024 to 04/16/2024

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

SAIA Inc (SAIA)

Industry: Trucking/Transp. Leasing

Industry RS rank: 54 out of 60

Stock RS rank: 439 out of 620

5/2/24 close: $405.95

1 Month avg volatility: $22.99. Volatility stop (for downward breakout): $455.92 or 12.3% above the close.

Change YTD: -7.36%

Volume: 638,800 shares. 3 month avg: 163,825 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Dead-cat bounce continuation pattern from 04/26/2024 to 04/26/2024

Breakout is downward 67% of the time.
Average decline: 18%.

Schlumberger Limited (SLB)

Industry: Oilfield Svcs/Equipment

Industry RS rank: 59 out of 60

Stock RS rank: 575 out of 620

5/2/24 close: $47.58

1 Month avg volatility: $1.22. Volatility stop (for downward breakout): $50.43 or 6.0% above the close.

Change YTD: -8.57%

Volume: 8,929,600 shares. 3 month avg: 8,320,412 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.

Chart pattern: Double Top, Eve and Adam reversal pattern from 03/28/2024 to 04/08/2024

Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

Semtech Corp (SMTC)

Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 5 out of 60

Stock RS rank: 1 out of 620

5/2/24 close: $38.68

1 Month avg volatility: $2.15. Volatility stop (for upward breakout): $32.45 or 16.1% below the close.

Change YTD: 76.54%

Volume: 1,985,900 shares. 3 month avg: 510,991 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Pipe bottom reversal pattern from 04/15/2024 to 04/22/2024

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Surmodics, Inc (SRDX)

Industry: Medical Supplies

Industry RS rank: 37 out of 60

Stock RS rank: 304 out of 620

5/2/24 close: $34.55

1 Month avg volatility: $1.22. Volatility stop (for upward breakout): $30.45 or 11.9% below the close.

Change YTD: -4.95%

Volume: 368,400 shares. 3 month avg: 37,286 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Triple bottom reversal pattern from 04/22/2024 to 04/30/2024

WARNING: A dead-cat bounce occurred on 02/01/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/01/2024.
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

Techne Corporation (TECH)

Industry: Biotechnology

Industry RS rank: 39 out of 60

Stock RS rank: 70 out of 620

5/2/24 close: $75.60

1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $69.02 or 8.7% below the close.

Change YTD: -2.02%

Volume: 2,250,200 shares. 3 month avg: 150,611 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 04/18/2024 to 04/25/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Teleflex Inc (TFX)

Industry: Diversified Co.

Industry RS rank: 34 out of 60

Stock RS rank: 454 out of 620

5/2/24 close: $198.73

1 Month avg volatility: $4.96. Volatility stop (for downward breakout): $223.32 or 12.4% above the close.

Change YTD: -20.30%

Volume: 669,300 shares. 3 month avg: 269,822 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/23/2024 to 05/02/2024

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Tempur-pedic Intl (TPX)

Industry: Furn/Home Furnishings

Industry RS rank: 11 out of 60

Stock RS rank: 195 out of 620

5/2/24 close: $50.42

1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $53.16 or 5.4% above the close.

Change YTD: -1.08%

Volume: 1,488,300 shares. 3 month avg: 985,960 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 03/13/2024 to 03/28/2024

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

Timken Co., The (TKR)

Industry: Metal Fabricating

Industry RS rank: 33 out of 60

Stock RS rank: 153 out of 620

5/2/24 close: $89.17

1 Month avg volatility: $2.20. Volatility stop (for upward breakout): $82.80 or 7.2% below the close.

Change YTD: 11.25%

Volume: 578,900 shares. 3 month avg: 853,643 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 04/16/2024 to 04/25/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Tredegar Corp (TG)

Industry: Chemical (Specialty)

Industry RS rank: 27 out of 60

Stock RS rank: 58 out of 620

5/2/24 close: $6.36

1 Month avg volatility: $0.20. Volatility stop (for upward breakout): $5.93 or 6.7% below the close.

Change YTD: 17.56%

Volume: 72,100 shares. 3 month avg: 64,734 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.

Chart pattern: Rectangle top continuation pattern from 03/27/2024 to 05/02/2024

Breakout is upward 68% of the time.
Average rise: 39%.
Break-even failure rate: 9%.
Throwbacks occur 64% of the time.
Price hits measure rule target 80% of the time.

Valmont Industries Inc. (VMI)

Industry: Metal Fabricating

Industry RS rank: 33 out of 60

Stock RS rank: 214 out of 620

5/2/24 close: $244.57

1 Month avg volatility: $4.84. Volatility stop (for upward breakout): $215.32 or 12.0% below the close.

Change YTD: 4.74%

Volume: 591,300 shares. 3 month avg: 117,540 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 03/05/2024 to 05/01/2024

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Veeva Systems Inc (VEEV)

Industry: Healthcare Information

Industry RS rank: 49 out of 60

Stock RS rank: 428 out of 620

5/2/24 close: $201.43

1 Month avg volatility: $4.00. Volatility stop (for upward breakout): $190.56 or 5.4% below the close.

Change YTD: 4.63%

Volume: 629,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Diamond bottom reversal pattern from 04/18/2024 to 05/02/2024

Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

Wolfspeed (WOLF)

Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 1 out of 60

Stock RS rank: 603 out of 620

5/2/24 close: $23.56

1 Month avg volatility: $1.61. Volatility stop (for downward breakout): $27.29 or 15.8% above the close.

Change YTD: -45.85%

Volume: 18,360,000 shares. 3 month avg: 2,005,123 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

Chart pattern: Dead-cat bounce continuation pattern from 05/02/2024 to 05/02/2024

Breakout is downward 67% of the time.
Average decline: 18%.

Zebra Technologies Corp (ZBRA)

Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 19 out of 60

Stock RS rank: 34 out of 620

5/2/24 close: $312.71

1 Month avg volatility: $8.84. Volatility stop (for upward breakout): $285.54 or 8.7% below the close.

Change YTD: 14.41%

Volume: 507,700 shares. 3 month avg: 395,197 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.

Chart pattern: Pipe bottom reversal pattern from 04/15/2024 to 04/22/2024

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

iShares US Medical devices index fund (IHI)

Industry: Medical Supplies

Industry RS rank: 37 out of 60

Stock RS rank: 246 out of 620

5/2/24 close: $55.16

1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $57.03 or 3.4% above the close.

Change YTD: 2.20%

Volume: 1,055,300 shares. 3 month avg: 82,220 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Triangle, descending reversal pattern from 03/01/2024 to 04/11/2024

Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

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