As of 12/27/2024
  Indus: 42,992 -333.59 -0.8%  
  Trans: 16,031 -73.46 -0.5%  
  Utils: 987 -4.51 -0.5%  
  Nasdaq: 19,722 -298.33 -1.5%  
  S&P 500: 5,971 -66.75 -1.1%  
YTD
 +14.1%  
 +0.8%  
 +12.0%  
 +31.4%  
 +25.2%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Up arrow16,700 or 15,500 by 01/15/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025
As of 12/27/2024
  Indus: 42,992 -333.59 -0.8%  
  Trans: 16,031 -73.46 -0.5%  
  Utils: 987 -4.51 -0.5%  
  Nasdaq: 19,722 -298.33 -1.5%  
  S&P 500: 5,971 -66.75 -1.1%  
YTD
 +14.1%  
 +0.8%  
 +12.0%  
 +31.4%  
 +25.2%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Up arrow16,700 or 15,500 by 01/15/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 10/22/2020 and 10/29/2020. 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.
 
Abercrombie and Fitch Co. (ANF)
Industry: Apparel
Industry RS rank: 27 out of 59
Stock RS rank: 154 out of 576
10/29/20 close: $14.29
1 Month avg volatility: $0.68. Volatility stop (for downward breakout): $15.82 or 10.7% above the close.
Change YTD: -17.35%
Volume: 925,300 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: Head-and-shoulders top reversal pattern from 09/16/2020 to 10/23/2020
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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AFLAC Inc (AFL)
Industry: Insurance (Diversified)
Industry RS rank: 40 out of 59
Stock RS rank: 483 out of 576
10/29/20 close: $34.22
1 Month avg volatility: $0.95. Volatility stop (for downward breakout): $36.50 or 6.7% above the close.
Change YTD: -35.31%
Volume: 4,586,000 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 10/27/2020
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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Alliance Data Systems Corp (ADS)
Industry: Information Services
Industry RS rank: 42 out of 59
Stock RS rank: 421 out of 576
10/29/20 close: $52.04
1 Month avg volatility: $2.49. Volatility stop (for downward breakout): $57.29 or 10.1% above the close.
Change YTD: -53.62%
Volume: 2,954,900 shares. 3 month avg: 546,969 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 top reversal pattern from 10/12/2020 to 10/19/2020
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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AptarGroup Inc (ATR)
Industry: Packaging and Container
Industry RS rank: 25 out of 59
Stock RS rank: 354 out of 576
10/29/20 close: $112.94
1 Month avg volatility: $1.85. Volatility stop (for downward breakout): $116.80 or 3.4% above the close.
Change YTD: -2.32%
Volume: 279,000 shares. 3 month avg: 241,254 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: Double Top, Eve and Eve reversal pattern from 10/13/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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Arch Capital Group Ltd (ACGL)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 46 out of 59
Stock RS rank: 197 out of 576
10/29/20 close: $30.43
1 Month avg volatility: $0.96. Volatility stop (for downward breakout): $32.66 or 7.3% above the close.
Change YTD: -29.05%
Volume: 3,679,000 shares. 3 month avg: 517,168 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: Double Top, Eve and Adam reversal pattern from 10/09/2020 to 10/23/2020
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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Booking Holdings (BKNG)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 17 out of 59
Stock RS rank: 305 out of 576
10/29/20 close: $1,630.26
1 Month avg volatility: $49.74. Volatility stop (for downward breakout): $1,742.59 or 6.9% above the close.
Change YTD: -20.62%
Volume: 339,800 shares. 3 month avg: 441,478 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: Double Top, Adam and Adam reversal pattern from 10/12/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

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Campbell Soup Co (CPB)
Industry: Food Processing
Industry RS rank: 41 out of 59
Stock RS rank: 438 out of 576
10/29/20 close: $46.77
1 Month avg volatility: $0.91. Volatility stop (for downward breakout): $49.22 or 5.2% above the close.
Change YTD: -5.36%
Volume: 1,993,900 shares. 3 month avg: 2,769,580 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: Head-and-shoulders top reversal pattern from 10/05/2020 to 10/27/2020
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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Celanese Corp (CE)
Industry: Chemical (Basic)
Industry RS rank: 11 out of 59
Stock RS rank: 118 out of 576
10/29/20 close: $113.79
1 Month avg volatility: $3.06. Volatility stop (for downward breakout): $120.99 or 6.3% above the close.
Change YTD: -7.58%
Volume: 740,800 shares. 3 month avg: 691,697 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 10/09/2020 to 10/23/2020
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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Corning Inc. (GLW)
Industry: Telecom. Equipment
Industry RS rank: 15 out of 59
Stock RS rank: 67 out of 576
10/29/20 close: $32.10
1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $34.11 or 6.3% above the close.
Change YTD: 10.27%
Volume: 4,296,300 shares. 3 month avg: 5,449,098 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 Top, Eve and Eve reversal pattern from 10/08/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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Cross Country Healthcare Inc (CCRN)
Industry: Human Resources
Industry RS rank: 28 out of 59
Stock RS rank: 327 out of 576
10/29/20 close: $7.13
1 Month avg volatility: $0.39. Volatility stop (for downward breakout): $7.95 or 11.5% above the close.
Change YTD: -38.64%
Volume: 115,000 shares. 3 month avg: 226,311 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: Broadening top reversal pattern from 10/12/2020 to 10/27/2020
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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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 10 out of 59
10/29/20 close: $11,183.52
1 Month avg volatility: $225.63. Volatility stop (for downward breakout): $11,743.26 or 5.0% above the close.
Change YTD: 2.59%
Volume: 131,916,700 shares. 3 month avg: 157,663,175 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: Diamond top reversal pattern from 10/09/2020 to 10/23/2020
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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Emerson Electric (EMR)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 59
Stock RS rank: 287 out of 576
10/29/20 close: $64.44
1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $68.37 or 6.1% above the close.
Change YTD: -15.50%
Volume: 4,480,700 shares. 3 month avg: 3,509,922 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: Triple top reversal pattern from 10/09/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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Guess Inc. (GES)
Industry: Apparel
Industry RS rank: 27 out of 59
Stock RS rank: 161 out of 576
10/29/20 close: $11.98
1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $10.47 or 12.6% below the close.
Change YTD: -46.47%
Volume: 1,139,300 shares. 3 month avg: 1,269,442 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 08/21/2020 to 10/29/2020
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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Hawaiian Electric Industries, Inc. (HE)
Industry: Electric Utility (West)
Industry RS rank: 52 out of 59
Stock RS rank: 517 out of 576
10/29/20 close: $32.51
1 Month avg volatility: $0.73. Volatility stop (for downward breakout): $34.15 or 5.0% above the close.
Change YTD: -30.62%
Volume: 584,900 shares. 3 month avg: 432,540 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: Double Top, Eve and Eve reversal pattern from 10/06/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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HealthEquity, Inc (HQY)
Industry: Healthcare Information
Industry RS rank: 16 out of 59
Stock RS rank: 487 out of 576
10/29/20 close: $51.41
1 Month avg volatility: $2.14. Volatility stop (for downward breakout): $56.16 or 9.2% above the close.
Change YTD: -30.59%
Volume: 818,200 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 Top, Adam and Adam reversal pattern from 10/12/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

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Inovalon Holdings Inc (INOV)
Industry: Healthcare Information
Industry RS rank: 16 out of 59
Stock RS rank: 331 out of 576
10/29/20 close: $19.29
1 Month avg volatility: $0.94. Volatility stop (for downward breakout): $25.86 or 34.0% above the close.
Change YTD: 2.50%
Volume: 2,809,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Dead-cat bounce continuation pattern from 10/29/2020 to 10/29/2020
Breakout is downward 67% of the time.
Average decline: 18%.

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Intuitive Surgical Inc. (ISRG)
Industry: Medical Supplies
Industry RS rank: 21 out of 59
Stock RS rank: 117 out of 576
10/29/20 close: $686.28
1 Month avg volatility: $18.29. Volatility stop (for downward breakout): $731.06 or 6.5% above the close.
Change YTD: 16.09%
Volume: 885,400 shares. 3 month avg: 734,668 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: Pipe top reversal pattern from 10/12/2020 to 10/19/2020
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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Lamar Advertising (LAMR)
Industry: Advertising
Industry RS rank: 53 out of 59
Stock RS rank: 329 out of 576
10/29/20 close: $61.61
1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $68.89 or 11.8% above the close.
Change YTD: -30.98%
Volume: 655,900 shares. 3 month avg: 612,354 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: Head-and-shoulders top reversal pattern from 09/17/2020 to 10/23/2020
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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Manpower Inc. (MAN)
Industry: Human Resources
Industry RS rank: 28 out of 59
Stock RS rank: 481 out of 576
10/29/20 close: $67.13
1 Month avg volatility: $2.43. Volatility stop (for downward breakout): $73.49 or 9.5% above the close.
Change YTD: -30.87%
Volume: 795,000 shares. 3 month avg: 461,820 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 Eve reversal pattern from 10/06/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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National Oilwell Varco (NOV)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 56 out of 59
Stock RS rank: 568 out of 576
10/29/20 close: $8.10
1 Month avg volatility: $0.45. Volatility stop (for downward breakout): $9.02 or 11.4% above the close.
Change YTD: -67.66%
Volume: 7,499,900 shares. 3 month avg: 3,130,966 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: Double Top, Eve and Eve reversal pattern from 10/09/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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Nordstrom Inc (JWN)
Industry: Retail Store
Industry RS rank: 14 out of 59
Stock RS rank: 570 out of 576
10/29/20 close: $12.21
1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $10.49 or 14.1% below the close.
Change YTD: -70.17%
Volume: 8,293,200 shares. 3 month avg: 2,612,688 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: Triangle, symmetrical continuation pattern from 09/15/2020 to 10/29/2020
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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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 29 out of 59
Stock RS rank: 303 out of 576
10/29/20 close: $27.57
1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $30.71 or 11.4% above the close.
Change YTD: -17.23%
Volume: 35,000 shares. 3 month avg: 31,645 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 Friday.
 
Chart pattern: Triple top reversal pattern from 10/12/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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Omnicom Group (OMC)
Industry: Advertising
Industry RS rank: 53 out of 59
Stock RS rank: 539 out of 576
10/29/20 close: $45.80
1 Month avg volatility: $1.56. Volatility stop (for downward breakout): $49.52 or 8.1% above the close.
Change YTD: -43.47%
Volume: 4,129,500 shares. 3 month avg: 2,548,395 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: Double Top, Eve and Adam reversal pattern from 10/13/2020 to 10/27/2020
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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Prudential Financial Inc (PRU)
Industry: Insurance (Life)
Industry RS rank: 50 out of 59
Stock RS rank: 402 out of 576
10/29/20 close: $63.04
1 Month avg volatility: $1.86. Volatility stop (for upward breakout): $56.68 or 10.1% below the close.
Change YTD: -32.75%
Volume: 1,882,100 shares. 3 month avg: 1,669,805 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 09/16/2020 to 10/23/2020
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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Standex International Corp (SXI)
Industry: Diversified Co.
Industry RS rank: 47 out of 59
Stock RS rank: 260 out of 576
10/29/20 close: $61.24
1 Month avg volatility: $1.90. Volatility stop (for downward breakout): $65.56 or 7.1% above the close.
Change YTD: -22.82%
Volume: 40,800 shares. 3 month avg: 37,109 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 Thursday.
 
Chart pattern: Double Top, Eve and Adam reversal pattern from 10/09/2020 to 10/26/2020
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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Summit Materials Inc (SUM)
Industry: Cement and Aggregates
Industry RS rank: 7 out of 59
Stock RS rank: 316 out of 576
10/29/20 close: $16.96
1 Month avg volatility: $0.80. Volatility stop (for downward breakout): $18.83 or 11.0% above the close.
Change YTD: -29.04%
Volume: 2,197,800 shares. 3 month avg: 1,204,178 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 Top, Eve and Eve reversal pattern from 10/09/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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TJX Companies Inc (TJX)
Industry: Retail Store
Industry RS rank: 14 out of 59
Stock RS rank: 378 out of 576
10/29/20 close: $51.73
1 Month avg volatility: $1.39. Volatility stop (for downward breakout): $55.09 or 6.5% above the close.
Change YTD: -15.28%
Volume: 4,888,800 shares. 3 month avg: 4,406,445 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: Head-and-shoulders top reversal pattern from 09/16/2020 to 10/23/2020
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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Western Union Co (WU)
Industry: Financial Services
Industry RS rank: 33 out of 59
Stock RS rank: 337 out of 576
10/29/20 close: $20.90
1 Month avg volatility: $0.55. Volatility stop (for downward breakout): $22.13 or 5.9% above the close.
Change YTD: -21.96%
Volume: 10,149,700 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 Top, Adam and Adam reversal pattern from 10/09/2020 to 10/23/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

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Williams Companies Inc. (WMB)
Industry: Natural Gas (Distributor)
Industry RS rank: 58 out of 59
Stock RS rank: 397 out of 576
10/29/20 close: $19.10
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $16.98 or 11.1% below the close.
Change YTD: -19.48%
Volume: 7,772,300 shares. 3 month avg: 4,990,974 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 bottom reversal pattern from 10/06/2020 to 10/26/2020
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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Williams-Sonoma Inc. (WSM)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 8 out of 59
Stock RS rank: 62 out of 576
10/29/20 close: $94.22
1 Month avg volatility: $3.25. Volatility stop (for downward breakout): $102.90 or 9.2% above the close.
Change YTD: 28.30%
Volume: 874,000 shares. 3 month avg: 1,925,938 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 10/12/2020 to 10/19/2020
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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DJ US Medical devices index fund (IHI)
Industry: Medical Supplies
Industry RS rank: 21 out of 59
Stock RS rank: 233 out of 576
10/29/20 close: $299.54
1 Month avg volatility: $4.70. Volatility stop (for downward breakout): $312.70 or 4.4% above the close.
Change YTD: 13.32%
Volume: 155,400 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: Diamond top reversal pattern from 10/12/2020 to 10/27/2020
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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