As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 08/20/2020 and 08/27/2020. 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.
 
Alteryx, Inc (AYX)
Industry: Computer Software and Svcs
Industry RS rank: 10 out of 59
Stock RS rank: 366 out of 579
8/27/20 close: $125.07
1 Month avg volatility: $6.71. Volatility stop (for upward breakout): $103.44 or 17.3% below the close.
Change YTD: 24.98%
Volume: 5,487,800 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, Eve and Adam reversal pattern from 08/11/2020 to 08/25/2020
WARNING: A dead-cat bounce occurred on 08/07/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/06/2020 and a 38% chance by 02/05/2021.
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.

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Amgen Inc. (AMGN)
Industry: Biotechnology
Industry RS rank: 24 out of 59
Stock RS rank: 154 out of 579
8/27/20 close: $252.81
1 Month avg volatility: $4.88. Volatility stop (for upward breakout): $240.65 or 4.8% below the close.
Change YTD: 4.87%
Volume: 3,873,100 shares. 3 month avg: 2,770,322 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 08/11/2020 to 08/24/2020
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.

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Apogee Enterprises (APOG)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 39 out of 59
Stock RS rank: 532 out of 579
8/27/20 close: $21.46
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $19.60 or 8.7% below the close.
Change YTD: -33.97%
Volume: 143,400 shares. 3 month avg: 243,183 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 bottom reversal pattern from 07/02/2020 to 08/26/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/10/2020.
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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Charles River Labs Intl (CRL)
Industry: Biotechnology
Industry RS rank: 24 out of 59
Stock RS rank: 66 out of 579
8/27/20 close: $217.15
1 Month avg volatility: $5.60. Volatility stop (for upward breakout): $203.51 or 6.3% below the close.
Change YTD: 42.15%
Volume: 210,700 shares. 3 month avg: 379,248 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: Triangle, symmetrical continuation pattern from 08/11/2020 to 08/27/2020
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: 51 out of 59
Stock RS rank: 578 out of 579
8/27/20 close: $1.38
1 Month avg volatility: $0.10. Volatility stop (for downward breakout): $1.75 or 26.5% above the close.
Change YTD: -63.78%
Volume: 2,207,300 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: Rectangle bottom continuation pattern from 06/11/2020 to 08/27/2020
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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CoreLogic Inc (CLGX)
Industry: Information Services
Industry RS rank: 36 out of 59
Stock RS rank: 58 out of 579
8/27/20 close: $66.25
1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $64.36 or 2.9% below the close.
Change YTD: 51.57%
Volume: 928,600 shares. 3 month avg: 487,489 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: Falling wedge from 07/23/2020 to 08/27/2020
Breakout is upward 68% of the time.
Average rise: 32%.
Break-even failure rate: 11%.
Throwbacks occur 56% of the time.
Price hits measure rule target 70% of the time.

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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 7 out of 59
8/27/20 close: $11,205.61
1 Month avg volatility: $164.42. Volatility stop (for upward breakout): $10,839.81 or 3.3% below the close.
Change YTD: 2.79%
Volume: 237,081,500 shares. 3 month avg: 252,135,655 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: Flag continuation pattern from 08/12/2020 to 08/21/2020
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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E-Trade Financial Corp (ETFC)
Industry: Securities Brokerage
Industry RS rank: 43 out of 59
Stock RS rank: 180 out of 579
8/27/20 close: $54.51
1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $51.65 or 5.3% below the close.
Change YTD: 20.15%
Volume: 2,094,100 shares. 3 month avg: 2,308,982 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: Triangle, ascending reversal pattern from 07/09/2020 to 08/27/2020
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.

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Facebook (FB)
Industry: E-Commerce
Industry RS rank: 4 out of 59
Stock RS rank: 36 out of 579
8/27/20 close: $293.22
1 Month avg volatility: $8.42. Volatility stop (for upward breakout): $275.17 or 6.2% below the close.
Change YTD: 42.86%
Volume: 30,115,700 shares. 3 month avg: 16,363,594 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: Scallop, ascending continuation pattern from 08/07/2020 to 08/26/2020
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.

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Fiserv, Inc (FISV)
Industry: IT Services
Industry RS rank: 25 out of 59
Stock RS rank: 397 out of 579
8/27/20 close: $99.00
1 Month avg volatility: $2.64. Volatility stop (for upward breakout): $92.37 or 6.7% below the close.
Change YTD: -14.38%
Volume: 4,961,500 shares. 3 month avg: 915,811 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, right-angled and descending continuation pattern from 07/20/2020 to 08/24/2020
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.

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Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 43 out of 59
Stock RS rank: 326 out of 579
8/27/20 close: $210.15
1 Month avg volatility: $4.11. Volatility stop (for upward breakout): $198.19 or 5.7% below the close.
Change YTD: -8.60%
Volume: 3,604,100 shares. 3 month avg: 2,673,269 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: Triangle, symmetrical continuation pattern from 06/26/2020 to 08/27/2020
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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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 18 out of 59
Stock RS rank: 115 out of 579
8/27/20 close: $32.83
1 Month avg volatility: $2.32. Volatility stop (for upward breakout): $27.44 or 16.4% below the close.
Change YTD: 57.31%
Volume: 77,900 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 Tuesday.
 
Chart pattern: Flag continuation pattern from 08/20/2020 to 08/27/2020
WARNING: A dead-cat bounce occurred on 06/11/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 09/10/2020 and a 38% chance by 12/10/2020.
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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Installed Building Products Inc (IBP)
Industry: Retail Building Supply
Industry RS rank: 5 out of 59
Stock RS rank: 108 out of 579
8/27/20 close: $88.09
1 Month avg volatility: $2.62. Volatility stop (for upward breakout): $82.52 or 6.3% below the close.
Change YTD: 27.91%
Volume: 150,900 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: Rectangle top continuation pattern from 08/10/2020 to 08/27/2020
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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LiveRamp Holdings (RAMP)
Industry: Computer Software and Svcs
Industry RS rank: 10 out of 59
Stock RS rank: 25 out of 579
8/27/20 close: $54.72
1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $49.04 or 10.4% below the close.
Change YTD: 13.83%
Volume: 627,800 shares. 3 month avg: 906,945 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 Eve reversal pattern from 08/18/2020 to 08/21/2020
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.

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MGE Energy Inc (MGEE)
Industry: Electric Utility (Central)
Industry RS rank: 49 out of 59
Stock RS rank: 421 out of 579
8/27/20 close: $65.78
1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $62.52 or 5.0% below the close.
Change YTD: -16.54%
Volume: 52,500 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: Triangle, symmetrical continuation pattern from 04/17/2020 to 08/27/2020
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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Microsoft Corp (MSFT)
Industry: Computer Software and Svcs
Industry RS rank: 10 out of 59
Stock RS rank: 75 out of 579
8/27/20 close: $226.58
1 Month avg volatility: $4.55. Volatility stop (for downward breakout): $240.24 or 6.0% above the close.
Change YTD: 43.68%
Volume: 57,283,500 shares. 3 month avg: 21,460,729 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: Roof, inverted reversal pattern from 07/09/2020 to 08/25/2020
Breakout is downward 50% of the time.
Average decline: 17%.
Break-even failure rate: 10%.
Pullbacks occur 56% of the time.
Price hits measure rule target 73% of the time.

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PG and E (PCG)
Industry: Electric Utility (West)
Industry RS rank: 54 out of 59
Stock RS rank: 560 out of 579
8/27/20 close: $9.17
1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $9.81 or 7.0% above the close.
Change YTD: -15.64%
Volume: 22,951,100 shares. 3 month avg: 5,870,049 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: Rectangle bottom continuation pattern from 07/13/2020 to 08/27/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/10/2020.
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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PICO Holdings (PICO)
Industry: Diversified Co.
Industry RS rank: 35 out of 59
Stock RS rank: 392 out of 579
8/27/20 close: $8.75
1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $8.09 or 7.6% below the close.
Change YTD: -21.31%
Volume: 41,100 shares. 3 month avg: 140,617 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: Triangle, ascending reversal pattern from 05/14/2020 to 08/27/2020
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.

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Premier Inc (PINC)
Industry: Healthcare Information
Industry RS rank: 6 out of 59
Stock RS rank: 215 out of 579
8/27/20 close: $32.47
1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $35.04 or 7.9% above the close.
Change YTD: -14.30%
Volume: 744,800 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: Pipe top reversal pattern from 08/10/2020 to 08/17/2020
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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Tempur-pedic Intl (TPX)
Industry: Furn/Home Furnishings
Industry RS rank: 44 out of 59
Stock RS rank: 236 out of 579
8/27/20 close: $86.48
1 Month avg volatility: $2.71. Volatility stop (for upward breakout): $80.66 or 6.7% below the close.
Change YTD: -0.67%
Volume: 437,300 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: Rectangle top continuation pattern from 08/07/2020 to 08/27/2020
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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Thermo Electron Corp (TMO)
Industry: Precision Instrument
Industry RS rank: 11 out of 59
Stock RS rank: 61 out of 579
8/27/20 close: $420.53
1 Month avg volatility: $7.79. Volatility stop (for downward breakout): $439.41 or 4.5% above the close.
Change YTD: 29.45%
Volume: 2,082,300 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: Broadening top, right-angled and ascending reversal pattern from 07/22/2020 to 08/27/2020
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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United Parcel Service (UPS)
Industry: Air Transport
Industry RS rank: 9 out of 59
Stock RS rank: 14 out of 579
8/27/20 close: $160.21
1 Month avg volatility: $3.99. Volatility stop (for upward breakout): $150.73 or 5.9% below the close.
Change YTD: 36.86%
Volume: 2,909,900 shares. 3 month avg: 2,659,363 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: Triangle, symmetrical continuation pattern from 08/10/2020 to 08/27/2020
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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Wolverine World Wide (WWW)
Industry: Shoe
Industry RS rank: 29 out of 59
Stock RS rank: 367 out of 579
8/27/20 close: $25.24
1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $22.97 or 9.0% below the close.
Change YTD: -25.19%
Volume: 289,300 shares. 3 month avg: 772,149 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: Triangle, ascending reversal pattern from 08/05/2020 to 08/27/2020
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.

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DJ US Medical devices index fund (IHI)
Industry: Medical Supplies
Industry RS rank: 14 out of 59
Stock RS rank: 148 out of 579
8/27/20 close: $302.21
1 Month avg volatility: $3.85. Volatility stop (for upward breakout): $288.00 or 4.7% below the close.
Change YTD: 14.33%
Volume: 221,700 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 Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Rectangle top continuation pattern from 07/27/2020 to 08/25/2020
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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