As of 12/04/2020
  Indus: 30,218 +248.74 +0.8%  
  Trans: 12,742 +155.26 +1.2%  
  Utils: 856 -10.76 -1.2%  
  Nasdaq: 12,464 +87.05 +0.7%  
  S&P 500: 3,699 +32.40 +0.9%  
YTD
 +5.9%  
 +16.9%  
-2.6%  
 +38.9%  
 +14.5%  
  Targets    Overview: 11/30/2020  
  Up arrow30,700 or 28,250 by 12/15/2020
  Up arrow13,500 or 11,700 by 12/15/2020
  Down arrow830 or 925 by 12/15/2020
  Up arrow12,500 or 11,400 by 12/15/2020
  Up arrow3,750 or 3,400 by 12/15/2020
CPI (updated daily): Arrows on 11/2/20
As of 12/04/2020
  Indus: 30,218 +248.74 +0.8%  
  Trans: 12,742 +155.26 +1.2%  
  Utils: 856 -10.76 -1.2%  
  Nasdaq: 12,464 +87.05 +0.7%  
  S&P 500: 3,699 +32.40 +0.9%  
YTD
 +5.9%  
 +16.9%  
-2.6%  
 +38.9%  
 +14.5%  
  Targets    Overview: 11/30/2020  
  Up arrow30,700 or 28,250 by 12/15/2020
  Up arrow13,500 or 11,700 by 12/15/2020
  Down arrow830 or 925 by 12/15/2020
  Up arrow12,500 or 11,400 by 12/15/2020
  Up arrow3,750 or 3,400 by 12/15/2020
CPI (updated daily): Arrows on 11/2/20

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 10/15/2020 and 10/22/2020. 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.
 
Abbott Laboratories (ABT)
Industry: Medical Supplies
Industry RS rank: 31 out of 59
Stock RS rank: 364 out of 576
10/22/20 close: $109.48
1 Month avg volatility: $2.39. Volatility stop (for downward breakout): $114.83 or 4.9% above the close.
Change YTD: 26.04%
Volume: 4,640,400 shares. 3 month avg: 6,008,617 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: Head-and-shoulders top reversal pattern from 10/01/2020 to 10/19/2020
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.

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Abercrombie and Fitch Co. (ANF)
Industry: Apparel
Industry RS rank: 7 out of 59
Stock RS rank: 79 out of 576
10/22/20 close: $15.67
1 Month avg volatility: $0.69. Volatility stop (for downward breakout): $17.09 or 9.0% above the close.
Change YTD: -9.37%
Volume: 1,609,100 shares. 3 month avg: 2,821,334 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

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AFLAC Inc (AFL)
Industry: Insurance (Diversified)
Industry RS rank: 43 out of 59
Stock RS rank: 443 out of 576
10/22/20 close: $37.51
1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $39.29 or 4.8% above the close.
Change YTD: -29.09%
Volume: 2,305,600 shares. 3 month avg: 1,541,537 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: Rectangle bottom continuation pattern from 07/15/2020 to 10/22/2020
Breakout is downward 55% of the time.
Average decline: 14%.
Break-even failure rate: 16%.
Pullbacks occur 69% of the time.
Price hits measure rule target 50% of the time.

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Alarm.com Holdings inc (ALRM)
Industry: Computer Software and Svcs
Industry RS rank: 30 out of 59
Stock RS rank: 186 out of 576
10/22/20 close: $60.74
1 Month avg volatility: $1.61. Volatility stop (for upward breakout): $56.09 or 7.7% below the close.
Change YTD: 41.35%
Volume: 323,000 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 10/14/2020 to 10/21/2020
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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American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 7 out of 59
Stock RS rank: 29 out of 576
10/22/20 close: $14.47
1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $15.94 or 10.2% above the close.
Change YTD: -1.56%
Volume: 7,578,600 shares. 3 month avg: 4,309,748 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: Head-and-shoulders top reversal pattern from 09/16/2020 to 10/16/2020
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.

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Apache Corp. (APA)
Industry: Petroleum (Producing)
Industry RS rank: 53 out of 59
Stock RS rank: 472 out of 576
10/22/20 close: $9.44
1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $7.69 or 18.5% below the close.
Change YTD: -63.11%
Volume: 26,389,100 shares. 3 month avg: 24,558,411 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 10/02/2020 to 10/22/2020
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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Berry Global Group Inc (BERY)
Industry: Packaging and Container
Industry RS rank: 25 out of 59
Stock RS rank: 194 out of 576
10/22/20 close: $49.96
1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $46.91 or 6.1% below the close.
Change YTD: 5.20%
Volume: 707,800 shares. 3 month avg: 894,866 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: Triangle, symmetrical continuation pattern from 09/15/2020 to 10/22/2020
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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Heartland Express, Inc (HTLD)
Industry: Trucking/Transp. Leasing
Industry RS rank: 14 out of 59
Stock RS rank: 471 out of 576
10/22/20 close: $19.12
1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $20.11 or 5.2% above the close.
Change YTD: -9.17%
Volume: 258,900 shares. 3 month avg: 472,148 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

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Hunt, J.B. (JBHT)
Industry: Trucking/Transp. Leasing
Industry RS rank: 14 out of 59
Stock RS rank: 279 out of 576
10/22/20 close: $127.47
1 Month avg volatility: $3.50. Volatility stop (for downward breakout): $135.26 or 6.1% above the close.
Change YTD: 9.15%
Volume: 1,150,000 shares. 3 month avg: 898,451 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

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Installed Building Products Inc (IBP)
Industry: Retail Building Supply
Industry RS rank: 5 out of 59
Stock RS rank: 9 out of 576
10/22/20 close: $103.50
1 Month avg volatility: $4.02. Volatility stop (for downward breakout): $113.46 or 9.6% above the close.
Change YTD: 50.28%
Volume: 165,300 shares. 3 month avg: 201,345 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% 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: 44 out of 59
Stock RS rank: 523 out of 576
10/22/20 close: $141.65
1 Month avg volatility: $3.11. Volatility stop (for downward breakout): $148.49 or 4.8% above the close.
Change YTD: 7.78%
Volume: 2,965,200 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: Pipe top reversal pattern from 10/05/2020 to 10/12/2020
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

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Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 55 out of 59
Stock RS rank: 406 out of 576
10/22/20 close: $85.73
1 Month avg volatility: $1.91. Volatility stop (for upward breakout): $78.96 or 7.9% below the close.
Change YTD: -4.67%
Volume: 1,136,600 shares. 3 month avg: 665,203 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: Cup with handle continuation pattern from 08/11/2020 to 10/21/2020
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 5%.
Throwbacks occur 58% of the time.
Price hits measure rule target 50% of the time.

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Werner Enterprises, Inc (WERN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 14 out of 59
Stock RS rank: 432 out of 576
10/22/20 close: $41.73
1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $38.59 or 7.5% below the close.
Change YTD: 14.67%
Volume: 1,040,000 shares. 3 month avg: 887,242 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: Broadening bottom reversal pattern from 09/21/2020 to 10/21/2020
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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Westlake Chemical Corp (WLK)
Industry: Chemical (Basic)
Industry RS rank: 18 out of 59
Stock RS rank: 55 out of 576
10/22/20 close: $71.50
1 Month avg volatility: $2.12. Volatility stop (for upward breakout): $65.19 or 8.8% below the close.
Change YTD: 1.92%
Volume: 187,300 shares. 3 month avg: 812,517 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: Pennant continuation pattern from 10/14/2020 to 10/22/2020
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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