As of 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/23/24

As of 04/25/2024   Indus: 38,086 -375.12 -1.0%     Trans: 15,297 +219.09 +1.5%     Utils: 895 +1.83 +0.2%     Nasdaq: 15,612 -100.99 -0.6%     S&P 500: 5,048 -23.21 -0.5%	YTD  +1.1%   -3.8%    +1.5%    +4.0%    +5.8%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/23/24

Patterns for the Weekend Details

Copyright © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 03/04/2021 and 03/11/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Telecom. Equipment

Industry RS rank: 24 out of 59

Stock RS rank: 91 out of 575

3/11/21 close: $18.06

1 Month avg volatility: $0.76. Volatility stop (for downward breakout): $19.96 or 10.5% above the close.

Change YTD: 22.27%

Volume: 337,600 shares. 3 month avg: 348,746 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: Broadening top reversal pattern from 02/04/2021 to 03/11/2021

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.

Industry: Aerospace/Defense

Industry RS rank: 49 out of 59

Stock RS rank: 29 out of 575

3/11/21 close: $32.16

1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $28.32 or 11.9% below the close.

Change YTD: 39.52%

Volume: 6,198,700 shares. 3 month avg: 8,355,648 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: Flag, high and tight continuation pattern from 01/27/2021 to 03/11/2021

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.

Industry: Electric Utility (Central)

Industry RS rank: 56 out of 59

Stock RS rank: 510 out of 575

3/11/21 close: $80.00

1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $76.54 or 4.3% below the close.

Change YTD: -3.93%

Volume: 3,096,400 shares. 3 month avg: 2,150,485 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Packaging and Container

Industry RS rank: 26 out of 59

Stock RS rank: 153 out of 575

3/11/21 close: $179.28

1 Month avg volatility: $4.94. Volatility stop (for downward breakout): $191.34 or 6.7% above the close.

Change YTD: 15.58%

Volume: 698,700 shares. 3 month avg: 661,129 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: Broadening top reversal pattern from 02/11/2021 to 03/11/2021

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.

Industry: Electric Utility (West)

Industry RS rank: 54 out of 59

Stock RS rank: 385 out of 575

3/11/21 close: $64.05

1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $60.83 or 5.0% below the close.

Change YTD: 4.23%

Volume: 313,600 shares. 3 month avg: 512,838 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 02/22/2021 to 03/01/2021

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.

Industry: Aerospace/Defense

Industry RS rank: 49 out of 59

Stock RS rank: 146 out of 575

3/11/21 close: $252.00

1 Month avg volatility: $9.43. Volatility stop (for upward breakout): $227.69 or 9.7% below the close.

Change YTD: 17.72%

Volume: 29,811,100 shares. 3 month avg: 3,332,308 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: Cup with handle continuation pattern from 12/07/2020 to 03/09/2021

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.

Industry: Retail (Special Lines)

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

Industry RS rank: 2 out of 59

Stock RS rank: 18 out of 575

3/11/21 close: $8.52

1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $6.83 or 19.8% below the close.

Change YTD: 99.53%

Volume: 495,000 shares. 3 month avg: 99,982 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 Friday.

 

Chart pattern: Flag, high and tight continuation pattern from 01/11/2021 to 03/10/2021

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.

Industry: Metals and Mining (Div.)

Industry RS rank: 19 out of 59

Stock RS rank: 51 out of 575

3/11/21 close: $19.05

1 Month avg volatility: $1.41. Volatility stop (for upward breakout): $15.70 or 17.6% below the close.

Change YTD: 72.71%

Volume: 1,397,400 shares. 3 month avg: 2,285,742 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: Flag, high and tight continuation pattern from 01/27/2021 to 03/11/2021

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.

Industry: Apparel

Industry RS rank: 4 out of 59

Stock RS rank: 9 out of 575

3/11/21 close: $3.52

1 Month avg volatility: $0.33. Volatility stop (for upward breakout): $2.36 or 33.0% below the close.

Change YTD: 121.38%

Volume: 3,210,400 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Telecom. Equipment

Industry RS rank: 24 out of 59

Stock RS rank: 53 out of 575

3/11/21 close: $30.01

1 Month avg volatility: $1.40. Volatility stop (for upward breakout): $26.45 or 11.9% below the close.

Change YTD: 45.05%

Volume: 282,000 shares. 3 month avg: 255,535 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Retail (Special Lines)

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

Industry RS rank: 2 out of 59

Stock RS rank: 156 out of 575

3/11/21 close: $16.46

1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $14.65 or 11.0% below the close.

Change YTD: 40.80%

Volume: 255,900 shares. 3 month avg: 567,568 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 02/22/2021 to 03/01/2021

WARNING: A dead-cat bounce occurred on 12/08/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 06/08/2021.

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.

Industry: Petroleum (Producing)

Industry RS rank: 3 out of 59

Stock RS rank: 39 out of 575

3/11/21 close: $30.98

1 Month avg volatility: $1.69. Volatility stop (for upward breakout): $27.17 or 12.3% below the close.

Change YTD: 90.06%

Volume: 1,644,000 shares. 3 month avg: 2,362,946 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 01/04/2021 to 03/11/2021

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.

Industry: IT Services

Industry RS rank: 42 out of 59

Stock RS rank: 303 out of 575

3/11/21 close: $48.72

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $45.40 or 6.8% below the close.

Change YTD: 8.10%

Volume: 176,600 shares. 3 month avg: 127,302 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 Eve reversal pattern from 02/22/2021 to 03/05/2021

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Information Services

Industry RS rank: 47 out of 59

Stock RS rank: 499 out of 575

3/11/21 close: $170.72

1 Month avg volatility: $4.97. Volatility stop (for upward breakout): $159.64 or 6.5% below the close.

Change YTD: -11.47%

Volume: 712,800 shares. 3 month avg: 3,458,600 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, Adam and Adam reversal pattern from 02/26/2021 to 03/05/2021

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.

Industry: IT Services

Industry RS rank: 42 out of 59

Stock RS rank: 196 out of 575

3/11/21 close: $186.23

1 Month avg volatility: $5.05. Volatility stop (for upward breakout): $174.88 or 6.1% below the close.

Change YTD: 16.26%

Volume: 384,900 shares. 3 month avg: 564,655 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: Triple bottom reversal pattern from 02/16/2021 to 03/05/2021

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.

Industry: Telecom. Equipment

Industry RS rank: 24 out of 59

Stock RS rank: 160 out of 575

3/11/21 close: $8.45

1 Month avg volatility: $0.34. Volatility stop (for upward breakout): $7.52 or 11.1% below the close.

Change YTD: 14.34%

Volume: 801,700 shares. 3 month avg: 585,235 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: Head-and-shoulders bottom reversal pattern from 02/03/2021 to 03/05/2021

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Food Processing

Industry RS rank: 53 out of 59

Stock RS rank: 493 out of 575

3/11/21 close: $151.90

1 Month avg volatility: $2.84. Volatility stop (for upward breakout): $145.85 or 4.0% below the close.

Change YTD: -0.28%

Volume: 907,900 shares. 3 month avg: 973,146 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: Broadening top, right-angled and descending continuation pattern from 12/07/2020 to 03/11/2021

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.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 366 out of 575

3/11/21 close: $83.31

1 Month avg volatility: $2.89. Volatility stop (for upward breakout): $76.40 or 8.3% below the close.

Change YTD: 20.88%

Volume: 4,079,200 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Machinery

Industry RS rank: 31 out of 59

Stock RS rank: 436 out of 575

3/11/21 close: $199.03

1 Month avg volatility: $3.93. Volatility stop (for upward breakout): $190.92 or 4.1% below the close.

Change YTD: -0.09%

Volume: 308,700 shares. 3 month avg: 279,572 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, ascending reversal pattern from 01/29/2021 to 03/11/2021

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Medical Supplies

Industry RS rank: 51 out of 59

Stock RS rank: 347 out of 575

3/11/21 close: $8.29

1 Month avg volatility: $0.56. Volatility stop (for downward breakout): $10.05 or 21.3% above the close.

Change YTD: -7.37%

Volume: 4,923,000 shares. 3 month avg: 553,063 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: Dead-cat bounce continuation pattern from 03/11/2021 to 03/11/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 318 out of 575

3/11/21 close: $44.43

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $40.15 or 9.6% below the close.

Change YTD: 32.55%

Volume: 1,015,500 shares. 3 month avg: 2,684,634 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 02/22/2021 to 03/01/2021

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.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 352 out of 575

3/11/21 close: $90.99

1 Month avg volatility: $3.46. Volatility stop (for upward breakout): $82.80 or 9.0% below the close.

Change YTD: 19.36%

Volume: 2,292,300 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Aerospace/Defense

Industry RS rank: 49 out of 59

Stock RS rank: 554 out of 575

3/11/21 close: $339.73

1 Month avg volatility: $6.75. Volatility stop (for downward breakout): $357.13 or 5.1% above the close.

Change YTD: -4.30%

Volume: 1,668,900 shares. 3 month avg: 1,022,062 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: Diamond top reversal pattern from 02/12/2021 to 03/11/2021

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.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 286 out of 575

3/11/21 close: $57.03

1 Month avg volatility: $2.52. Volatility stop (for upward breakout): $50.68 or 11.1% below the close.

Change YTD: 28.76%

Volume: 195,700 shares. 3 month avg: 256,088 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: IT Services

Industry RS rank: 42 out of 59

Stock RS rank: 75 out of 575

3/11/21 close: $36.92

1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $33.66 or 8.8% below the close.

Change YTD: -1.73%

Volume: 718,900 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: Broadening bottom reversal pattern from 02/12/2021 to 03/08/2021

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.

Industry: Shoe

Industry RS rank: 8 out of 59

Stock RS rank: 325 out of 575

3/11/21 close: $141.19

1 Month avg volatility: $3.42. Volatility stop (for upward breakout): $131.72 or 6.7% below the close.

Change YTD: -0.20%

Volume: 5,648,200 shares. 3 month avg: 10,538,462 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: Double Bottom, Adam and Adam reversal pattern from 02/23/2021 to 03/05/2021

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.

Industry: Electric Utility (West)

Industry RS rank: 54 out of 59

Stock RS rank: 473 out of 575

3/11/21 close: $76.78

1 Month avg volatility: $1.90. Volatility stop (for upward breakout): $72.98 or 5.0% below the close.

Change YTD: -3.96%

Volume: 732,100 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: Pipe bottom reversal pattern from 02/22/2021 to 03/01/2021

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.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 458 out of 575

3/11/21 close: $48.25

1 Month avg volatility: $1.79. Volatility stop (for upward breakout): $44.24 or 8.3% below the close.

Change YTD: 11.90%

Volume: 1,990,000 shares. 3 month avg: 4,812,565 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 02/22/2021 to 03/01/2021

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.

Industry: Homebuilding

Industry RS rank: 17 out of 59

Stock RS rank: 252 out of 575

3/11/21 close: $57.33

1 Month avg volatility: $2.19. Volatility stop (for upward breakout): $52.89 or 7.8% below the close.

Change YTD: 31.88%

Volume: 2,065,600 shares. 3 month avg: 2,237,614 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 02/22/2021 to 03/01/2021

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 59

Stock RS rank: 4 out of 575

3/11/21 close: $4.55

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $3.77 or 17.2% below the close.

Change YTD: 96.97%

Volume: 25,439,300 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 01/22/2021 to 03/11/2021

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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