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

 

Weekly screen for chart patterns ending between 03/11/2021 and 03/18/2021. 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.
 
Amedisys Inc (AMED)
Industry: Medical Services
Industry RS rank: 33 out of 59
Stock RS rank: 408 out of 575
3/18/21 close: $269.00
1 Month avg volatility: $10.05. Volatility stop (for upward breakout): $248.65 or 7.6% below the close.
Change YTD: -8.29%
Volume: 277,500 shares. 3 month avg: 412,928 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 03/01/2021 to 03/08/2021
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.

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American Woodmark Corp (AMWD)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 20 out of 59
Stock RS rank: 363 out of 575
3/18/21 close: $99.96
1 Month avg volatility: $4.06. Volatility stop (for downward breakout): $109.58 or 9.6% above the close.
Change YTD: 6.51%
Volume: 88,700 shares. 3 month avg: 141,992 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: Broadening top reversal pattern from 02/10/2021 to 03/12/2021
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.

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Bunge Ltd (BG)
Industry: Food Processing
Industry RS rank: 51 out of 59
Stock RS rank: 91 out of 575
3/18/21 close: $78.53
1 Month avg volatility: $2.59. Volatility stop (for downward breakout): $85.72 or 9.2% above the close.
Change YTD: 19.75%
Volume: 854,200 shares. 3 month avg: 1,268,517 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 top reversal pattern from 02/16/2021 to 03/12/2021
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.

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Ciena Corp (CIEN)
Industry: Telecom. Equipment
Industry RS rank: 23 out of 59
Stock RS rank: 236 out of 575
3/18/21 close: $55.25
1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $51.75 or 6.3% below the close.
Change YTD: 4.54%
Volume: 932,500 shares. 3 month avg: 3,226,991 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 03/01/2021 to 03/08/2021
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.

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Clean Energy Fuels Corp. (CLNE)
Industry: Natural Gas (Distributor)
Industry RS rank: 17 out of 59
Stock RS rank: 3 out of 575
3/18/21 close: $14.38
1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $11.55 or 19.7% below the close.
Change YTD: 82.95%
Volume: 6,048,300 shares. 3 month avg: 1,021,160 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 bottom reversal pattern from 03/01/2021 to 03/08/2021
WARNING: A dead-cat bounce occurred on 02/23/2021. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/25/2021 and a 38% chance by 08/24/2021.
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.

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Crown Holdings Inc (CCK)
Industry: Packaging and Container
Industry RS rank: 30 out of 59
Stock RS rank: 283 out of 575
3/18/21 close: $96.14
1 Month avg volatility: $2.19. Volatility stop (for upward breakout): $91.75 or 4.6% below the close.
Change YTD: -4.05%
Volume: 834,400 shares. 3 month avg: 762,669 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: Triangle, symmetrical continuation pattern from 03/02/2021 to 03/18/2021
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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Dynamic Materials (BOOM)
Industry: Metal Fabricating
Industry RS rank: 13 out of 59
Stock RS rank: 100 out of 575
3/18/21 close: $55.66
1 Month avg volatility: $4.02. Volatility stop (for downward breakout): $67.24 or 20.8% above the close.
Change YTD: 28.69%
Volume: 117,000 shares. 3 month avg: 60,208 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: Horn top reversal pattern from 02/22/2021 to 03/08/2021
Breakout is downward 100% of the time.
Average decline: 21%.
Break-even failure rate: 7%.
Pullbacks occur 33% of the time.
Price hits measure rule target 70% of the time.

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Fair Isaac Corp (FICO)
Industry: IT Services
Industry RS rank: 41 out of 59
Stock RS rank: 466 out of 575
3/18/21 close: $461.62
1 Month avg volatility: $15.97. Volatility stop (for upward breakout): $426.62 or 7.6% below the close.
Change YTD: -9.67%
Volume: 291,800 shares. 3 month avg: 162,437 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: Pipe bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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GoPro (GPRO)
Industry: Electronics
Industry RS rank: 9 out of 59
Stock RS rank: 10 out of 575
3/18/21 close: $13.06
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $11.46 or 12.3% below the close.
Change YTD: 57.73%
Volume: 8,105,400 shares. 3 month avg: 5,624,629 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: Flag, high and tight continuation pattern from 02/23/2021 to 03/18/2021
WARNING: A dead-cat bounce occurred on 02/05/2021. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/07/2021 and a 38% chance by 08/06/2021.
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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Hecla Mining Co. (HL)
Industry: Metals and Mining (Div.)
Industry RS rank: 22 out of 59
Stock RS rank: 393 out of 575
3/18/21 close: $6.64
1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $5.70 or 14.2% below the close.
Change YTD: 2.47%
Volume: 7,585,600 shares. 3 month avg: 4,539,271 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 03/01/2021 to 03/08/2021
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.

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Infinera Corp. (INFN)
Industry: Telecom. Equipment
Industry RS rank: 23 out of 59
Stock RS rank: 124 out of 575
3/18/21 close: $10.01
1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $8.87 or 11.4% below the close.
Change YTD: -4.48%
Volume: 3,826,500 shares. 3 month avg: 1,624,214 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 bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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Marchex, Inc (MCHX)
Industry: Advertising
Industry RS rank: 11 out of 59
Stock RS rank: 50 out of 575
3/18/21 close: $3.34
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $2.76 or 17.4% below the close.
Change YTD: 70.41%
Volume: 135,600 shares. 3 month avg: 97,160 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 Wednesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 02/23/2021 to 03/12/2021
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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MDC Pateners Inc (MDCA)
Industry: Advertising
Industry RS rank: 11 out of 59
Stock RS rank: 59 out of 575
3/18/21 close: $3.78
1 Month avg volatility: $0.26. Volatility stop (for upward breakout): $3.14 or 16.8% below the close.
Change YTD: 50.60%
Volume: 246,600 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 bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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Medtronic Inc (MDT)
Industry: Medical Supplies
Industry RS rank: 54 out of 59
Stock RS rank: 431 out of 575
3/18/21 close: $118.83
1 Month avg volatility: $2.25. Volatility stop (for upward breakout): $113.73 or 4.3% below the close.
Change YTD: 1.44%
Volume: 4,266,800 shares. 3 month avg: 5,761,640 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, ascending reversal pattern from 01/20/2021 to 03/18/2021
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.

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Murphy Oil Corporation (MUR)
Industry: Petroleum (Integrated)
Industry RS rank: 10 out of 59
Stock RS rank: 116 out of 575
3/18/21 close: $17.23
1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $21.14 or 22.7% above the close.
Change YTD: 42.40%
Volume: 4,533,900 shares. 3 month avg: 2,218,335 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: Double Top, Adam and Eve reversal pattern from 03/08/2021 to 03/12/2021
Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 14%.
Pullbacks occur 59% of the time.
Price hits measure rule target 69% of the time.

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Netgear Inc. (NTGR)
Industry: Telecom. Equipment
Industry RS rank: 23 out of 59
Stock RS rank: 205 out of 575
3/18/21 close: $42.94
1 Month avg volatility: $1.74. Volatility stop (for upward breakout): $39.30 or 8.5% below the close.
Change YTD: 5.69%
Volume: 326,600 shares. 3 month avg: 452,812 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: Pipe bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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New Jersey Resources Corp (NJR)
Industry: Natural Gas (Distributor)
Industry RS rank: 17 out of 59
Stock RS rank: 183 out of 575
3/18/21 close: $40.25
1 Month avg volatility: $1.10. Volatility stop (for downward breakout): $42.58 or 5.8% above the close.
Change YTD: 13.22%
Volume: 767,700 shares. 3 month avg: 632,043 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: Broadening top, right-angled and ascending reversal pattern from 02/25/2021 to 03/18/2021
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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RPC Inc (RES)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 1 out of 59
Stock RS rank: 96 out of 575
3/18/21 close: $5.25
1 Month avg volatility: $0.47. Volatility stop (for downward breakout): $6.68 or 27.2% above the close.
Change YTD: 66.67%
Volume: 1,653,700 shares. 3 month avg: 1,275,503 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 03/01/2021 to 03/08/2021
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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Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 40 out of 59
Stock RS rank: 155 out of 575
3/18/21 close: $228.82
1 Month avg volatility: $8.88. Volatility stop (for upward breakout): $205.34 or 10.3% below the close.
Change YTD: 14.90%
Volume: 487,900 shares. 3 month avg: 327,891 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 bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

Top

Texas Instruments Inc. (TXN)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 59
Stock RS rank: 288 out of 575
3/18/21 close: $174.36
1 Month avg volatility: $5.09. Volatility stop (for upward breakout): $164.06 or 5.9% below the close.
Change YTD: 6.23%
Volume: 4,170,500 shares. 3 month avg: 4,332,837 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: Pipe bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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Travelzoo Inc. (TZOO)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 39 out of 59
Stock RS rank: 45 out of 575
3/18/21 close: $16.04
1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $13.07 or 18.5% below the close.
Change YTD: 69.92%
Volume: 125,200 shares. 3 month avg: 22,411 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 Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 03/01/2021 to 03/08/2021
WARNING: A dead-cat bounce occurred on 09/21/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 03/22/2021.
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.

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Westlake Chemical Corp (WLK)
Industry: Chemical (Basic)
Industry RS rank: 40 out of 59
Stock RS rank: 198 out of 575
3/18/21 close: $92.87
1 Month avg volatility: $3.49. Volatility stop (for downward breakout): $104.14 or 12.1% above the close.
Change YTD: 13.81%
Volume: 625,800 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: Diamond top reversal pattern from 03/08/2021 to 03/17/2021
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.

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Wordday, Inc (WDAY)
Industry: Computer Software and Svcs
Industry RS rank: 45 out of 59
Stock RS rank: 321 out of 575
3/18/21 close: $249.14
1 Month avg volatility: $9.55. Volatility stop (for upward breakout): $229.39 or 7.9% below the close.
Change YTD: 3.98%
Volume: 1,689,200 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: Pipe bottom reversal pattern from 03/01/2021 to 03/08/2021
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.

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