As of 10/23/2020
  Indus: 28,336 -28.09 -0.1%  
  Trans: 11,880 +131.58 +1.1%  
  Utils: 894 +2.40 +0.3%  
  Nasdaq: 11,548 +42.27 +0.4%  
  S&P 500: 3,465 +11.90 +0.3%  
YTD
-0.7%  
 +9.0%  
 +1.7%  
 +28.7%  
 +7.3%  
  Targets    Overview: 09/29/2020  
  Up arrow29,300 or 27,400 by 11/01/2020
  Up arrow12,000 or 11,000 by 11/01/2020
  Up arrow915 or 840 by 11/01/2020
  Up arrow12,800 or 11,300 by 11/01/2020
  Up arrow3,700 or 3,400 by 11/01/2020
CPI (updated daily): Arrows on 9/25/20
As of 10/23/2020
  Indus: 28,336 -28.09 -0.1%  
  Trans: 11,880 +131.58 +1.1%  
  Utils: 894 +2.40 +0.3%  
  Nasdaq: 11,548 +42.27 +0.4%  
  S&P 500: 3,465 +11.90 +0.3%  
YTD
-0.7%  
 +9.0%  
 +1.7%  
 +28.7%  
 +7.3%  
  Targets    Overview: 09/29/2020  
  Up arrow29,300 or 27,400 by 11/01/2020
  Up arrow12,000 or 11,000 by 11/01/2020
  Up arrow915 or 840 by 11/01/2020
  Up arrow12,800 or 11,300 by 11/01/2020
  Up arrow3,700 or 3,400 by 11/01/2020
CPI (updated daily): Arrows on 9/25/20

Patterns for the Weekend Details

Copyright © 2020 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

 

Weekly screen for chart patterns ending between 10/08/2020 and 10/15/2020. 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.
 
3D Systems (DDD)
Industry: Electronics
Industry RS rank: 27 out of 59
Stock RS rank: 516 out of 576
10/15/20 close: $6.67
1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $5.80 or 13.0% below the close.
Change YTD: -23.77%
Volume: 2,175,600 shares. 3 month avg: 3,031,971 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: Flag continuation pattern from 10/09/2020 to 10/15/2020
Breakout is upward 54% of the time.
Average rise: 23%.
Break-even failure rate: 4%.
Throwbacks occur 43% of the time.
Price hits measure rule target 64% of the time.

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Anika Therapeutics Inc (ANIK)
Industry: Biotechnology
Industry RS rank: 48 out of 59
Stock RS rank: 255 out of 576
10/15/20 close: $38.36
1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $42.16 or 9.9% above the close.
Change YTD: -26.02%
Volume: 79,400 shares. 3 month avg: 71,871 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 Tuesday.
 
Chart pattern: Broadening top reversal pattern from 07/15/2020 to 10/12/2020
Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

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Arrow Electronics (ARW)
Industry: Electronics
Industry RS rank: 27 out of 59
Stock RS rank: 114 out of 576
10/15/20 close: $84.22
1 Month avg volatility: $1.84. Volatility stop (for upward breakout): $78.62 or 6.6% below the close.
Change YTD: -0.61%
Volume: 290,000 shares. 3 month avg: 447,163 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: Pennant continuation pattern from 10/08/2020 to 10/14/2020
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.

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Cabot Corp. (CBT)
Industry: Chemical (Diversified)
Industry RS rank: 9 out of 59
Stock RS rank: 179 out of 576
10/15/20 close: $40.90
1 Month avg volatility: $1.23. Volatility stop (for upward breakout): $37.69 or 7.9% below the close.
Change YTD: -13.93%
Volume: 224,900 shares. 3 month avg: 325,852 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: Flag continuation pattern from 10/09/2020 to 10/15/2020
Breakout is upward 54% of the time.
Average rise: 23%.
Break-even failure rate: 4%.
Throwbacks occur 43% of the time.
Price hits measure rule target 64% of the time.

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Cabot Oil and Gas A (COG)
Industry: Natural Gas (Diversified)
Industry RS rank: 54 out of 59
Stock RS rank: 492 out of 576
10/15/20 close: $19.47
1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $17.81 or 8.5% below the close.
Change YTD: 11.83%
Volume: 3,366,500 shares. 3 month avg: 5,196,143 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 09/28/2020 to 10/05/2020
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.

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CTS Corp (CTS)
Industry: Electronics
Industry RS rank: 27 out of 59
Stock RS rank: 281 out of 576
10/15/20 close: $25.34
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $23.01 or 9.2% below the close.
Change YTD: -15.56%
Volume: 84,300 shares. 3 month avg: 73,662 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 Wednesday.
 
Chart pattern: Pennant continuation pattern from 10/08/2020 to 10/15/2020
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.

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Dril-Quip Inc (DRQ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 52 out of 59
Stock RS rank: 564 out of 576
10/15/20 close: $24.98
1 Month avg volatility: $1.20. Volatility stop (for upward breakout): $21.71 or 13.1% below the close.
Change YTD: -46.75%
Volume: 264,300 shares. 3 month avg: 557,835 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 09/30/2020 to 10/09/2020
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.

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GoPro (GPRO)
Industry: Electronics
Industry RS rank: 27 out of 59
Stock RS rank: 13 out of 576
10/15/20 close: $7.02
1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $5.90 or 16.0% below the close.
Change YTD: 61.75%
Volume: 5,127,300 shares. 3 month avg: 5,624,629 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: Flag, high and tight continuation pattern from 09/11/2020 to 10/15/2020
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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Lilly, Eli and Co. (LLY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 42 out of 59
Stock RS rank: 494 out of 576
10/15/20 close: $146.78
1 Month avg volatility: $3.18. Volatility stop (for upward breakout): $139.03 or 5.3% below the close.
Change YTD: 11.68%
Volume: 3,782,900 shares. 3 month avg: 3,358,597 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Broadening bottom reversal pattern from 08/21/2020 to 10/09/2020
Breakout is upward 53% of the time.
Average rise: 27%.
Break-even failure rate: 10%.
Throwbacks occur 41% of the time.
Price hits measure rule target 59% of the time.

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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 52 out of 59
Stock RS rank: 531 out of 576
10/15/20 close: $8.15
1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $7.07 or 13.3% below the close.
Change YTD: -64.38%
Volume: 126,900 shares. 3 month avg: 303,508 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: Triangle, symmetrical continuation pattern from 08/31/2020 to 10/15/2020
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.

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Omnicell, Inc (OMCL)
Industry: Healthcare Information
Industry RS rank: 24 out of 59
Stock RS rank: 345 out of 576
10/15/20 close: $82.68
1 Month avg volatility: $2.54. Volatility stop (for upward breakout): $74.44 or 10.0% below the close.
Change YTD: 1.17%
Volume: 718,100 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: Horn bottom reversal pattern from 09/21/2020 to 10/05/2020
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 9%.
Throwbacks occur 29% of the time.
Price hits measure rule target 76% of the time.

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Open Text Corp (OTEX)
Industry: E-Commerce
Industry RS rank: 15 out of 59
Stock RS rank: 376 out of 576
10/15/20 close: $41.57
1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $43.12 or 3.7% above the close.
Change YTD: -5.67%
Volume: 391,700 shares. 3 month avg: 520,157 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, Eve and Adam reversal pattern from 10/01/2020 to 10/12/2020
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.

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Sherwin-Williams Co (SHW)
Industry: Chemical (Basic)
Industry RS rank: 10 out of 59
Stock RS rank: 190 out of 576
10/15/20 close: $688.00
1 Month avg volatility: $13.47. Volatility stop (for upward breakout): $656.04 or 4.7% below the close.
Change YTD: 17.90%
Volume: 420,100 shares. 3 month avg: 564,294 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, symmetrical continuation pattern from 09/04/2020 to 10/14/2020
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.

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Vertex Pharmaceuticals (VRTX)
Industry: Biotechnology
Industry RS rank: 48 out of 59
Stock RS rank: 550 out of 576
10/15/20 close: $215.28
1 Month avg volatility: $7.99. Volatility stop (for downward breakout): $248.45 or 15.4% above the close.
Change YTD: -1.68%
Volume: 17,452,200 shares. 3 month avg: 1,548,174 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 10/15/2020 to 10/15/2020
Breakout is downward 67% of the time.
Average decline: 18%.

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