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 11/12/2020 and 11/19/2020. 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.
 
Cabot Corp. (CBT)
Industry: Chemical (Diversified)
Industry RS rank: 18 out of 59
Stock RS rank: 311 out of 576
11/19/20 close: $41.69
1 Month avg volatility: $1.37. Volatility stop (for upward breakout): $37.97 or 8.9% below the close.
Change YTD: -12.27%
Volume: 343,400 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: Triangle, symmetrical continuation pattern from 10/29/2020 to 11/19/2020
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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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 2 out of 59
Stock RS rank: 114 out of 576
11/19/20 close: $1.80
1 Month avg volatility: $0.13. Volatility stop (for upward breakout): $1.41 or 21.4% below the close.
Change YTD: -52.76%
Volume: 1,245,900 shares. 3 month avg: 2,783,222 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Flag, high and tight continuation pattern from 10/01/2020 to 11/19/2020
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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Coty (COTY)
Industry: Toiletries/Cosmetics
Industry RS rank: 30 out of 59
Stock RS rank: 25 out of 576
11/19/20 close: $6.25
1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $5.17 or 17.3% below the close.
Change YTD: -44.44%
Volume: 54,800,000 shares. 3 month avg: 5,764,371 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: Flag, high and tight continuation pattern from 09/29/2020 to 11/19/2020
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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Flir Systems Inc (FLIR)
Industry: Aerospace/Defense
Industry RS rank: 47 out of 59
Stock RS rank: 551 out of 576
11/19/20 close: $37.59
1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $40.25 or 7.1% above the close.
Change YTD: -27.81%
Volume: 2,047,600 shares. 3 month avg: 1,165,460 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: Rising wedge reversal pattern from 10/23/2020 to 11/19/2020
Breakout is downward 69% of the time.
Average decline: 14%.
Break-even failure rate: 24%.
Pullbacks occur 63% of the time.
Price hits measure rule target 46% of the time.

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Griffon Corp (GFF)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 23 out of 59
Stock RS rank: 255 out of 576
11/19/20 close: $20.97
1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $23.17 or 10.5% above the close.
Change YTD: 3.15%
Volume: 290,400 shares. 3 month avg: 83,558 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Dead-cat bounce continuation pattern from 11/13/2020 to 11/13/2020
Breakout is downward 67% of the time.
Average decline: 18%.

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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 6 out of 59
Stock RS rank: 5 out of 576
11/19/20 close: $38.71
1 Month avg volatility: $2.47. Volatility stop (for downward breakout): $45.14 or 16.6% above the close.
Change YTD: 85.48%
Volume: 131,700 shares. 3 month avg: 1,539,280 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: Rising wedge reversal pattern from 08/18/2020 to 11/19/2020
WARNING: A dead-cat bounce occurred on 06/11/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 12/10/2020.
Breakout is downward 69% of the time.
Average decline: 14%.
Break-even failure rate: 24%.
Pullbacks occur 63% of the time.
Price hits measure rule target 46% of the time.

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Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 45 out of 59
Stock RS rank: 238 out of 576
11/19/20 close: $21.59
1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $22.97 or 6.4% above the close.
Change YTD: -6.54%
Volume: 2,657,000 shares. 3 month avg: 6,516,800 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: Diamond top reversal pattern from 11/09/2020 to 11/19/2020
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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L Brands, Inc. (LB)
Industry: Apparel
Industry RS rank: 2 out of 59
Stock RS rank: 4 out of 576
11/19/20 close: $39.55
1 Month avg volatility: $1.49. Volatility stop (for upward breakout): $34.61 or 12.5% below the close.
Change YTD: 118.27%
Volume: 15,595,300 shares. 3 month avg: 4,494,122 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Rectangle top continuation pattern from 10/01/2020 to 11/18/2020
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.

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Martin Marietta Materials, Inc (MLM)
Industry: Cement and Aggregates
Industry RS rank: 8 out of 59
Stock RS rank: 105 out of 576
11/19/20 close: $269.55
1 Month avg volatility: $9.77. Volatility stop (for upward breakout): $246.88 or 8.4% below the close.
Change YTD: -3.61%
Volume: 279,200 shares. 3 month avg: 575,872 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 11/06/2020 to 11/19/2020
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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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 27 out of 59
Stock RS rank: 431 out of 576
11/19/20 close: $4.24
1 Month avg volatility: $0.25. Volatility stop (for upward breakout): $3.56 or 16.0% below the close.
Change YTD: -59.62%
Volume: 5,968,400 shares. 3 month avg: 3,925,269 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: Flag, high and tight continuation pattern from 10/29/2020 to 11/18/2020
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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RingCentral Inc (RNG)
Industry: Computer Software and Svcs
Industry RS rank: 42 out of 59
Stock RS rank: 402 out of 576
11/19/20 close: $296.90
1 Month avg volatility: $14.15. Volatility stop (for downward breakout): $330.75 or 11.4% above the close.
Change YTD: 76.02%
Volume: 1,151,200 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 top reversal pattern from 10/05/2020 to 11/13/2020
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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Skechers USA Inc (SKX)
Industry: Shoe
Industry RS rank: 3 out of 59
Stock RS rank: 345 out of 576
11/19/20 close: $33.23
1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $37.05 or 11.5% above the close.
Change YTD: -23.06%
Volume: 1,102,000 shares. 3 month avg: 3,234,920 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: Diamond top reversal pattern from 10/05/2020 to 11/19/2020
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Southwestern Energy Company (SWN)
Industry: Natural Gas (Diversified)
Industry RS rank: 55 out of 59
Stock RS rank: 473 out of 576
11/19/20 close: $3.01
1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $3.44 or 14.3% above the close.
Change YTD: 24.38%
Volume: 14,047,900 shares. 3 month avg: 16,683,949 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 10/09/2020 to 11/18/2020
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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Thermo Electron Corp (TMO)
Industry: Precision Instrument
Industry RS rank: 21 out of 59
Stock RS rank: 215 out of 576
11/19/20 close: $453.10
1 Month avg volatility: $15.01. Volatility stop (for downward breakout): $489.72 or 8.1% above the close.
Change YTD: 39.47%
Volume: 2,082,600 shares. 3 month avg: 1,572,766 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 11/02/2020 to 11/09/2020
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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Transocean Inc. (RIG)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 27 out of 59
Stock RS rank: 529 out of 576
11/19/20 close: $1.33
1 Month avg volatility: $0.09. Volatility stop (for upward breakout): $1.11 or 16.9% below the close.
Change YTD: -80.67%
Volume: 21,409,600 shares. 3 month avg: 13,612,100 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: Flag, high and tight continuation pattern from 10/30/2020 to 11/19/2020
WARNING: A dead-cat bounce occurred on 08/20/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/18/2021.
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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Verisign (VRSN)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 37 out of 59
Stock RS rank: 527 out of 576
11/19/20 close: $197.44
1 Month avg volatility: $4.80. Volatility stop (for downward breakout): $208.16 or 5.4% above the close.
Change YTD: 2.47%
Volume: 531,200 shares. 3 month avg: 871,351 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: Pipe top reversal pattern from 11/02/2020 to 11/09/2020
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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