As of 05/01/2024
  Indus: 37,903 +87.37 +0.2%  
  Trans: 14,865 -44.88 -0.3%  
  Utils: 904 +10.56 +1.2%  
  Nasdaq: 15,605 -52.34 -0.3%  
  S&P 500: 5,018 -17.30 -0.3%  
YTD
 +0.6%  
-6.5%  
 +2.5%  
 +4.0%  
 +5.2%  
  Targets    Overview: 04/29/2024  
  Up arrow39,325 or 37,000 by 05/15/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow925 or 865 by 05/15/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024
As of 05/01/2024
  Indus: 37,903 +87.37 +0.2%  
  Trans: 14,865 -44.88 -0.3%  
  Utils: 904 +10.56 +1.2%  
  Nasdaq: 15,605 -52.34 -0.3%  
  S&P 500: 5,018 -17.30 -0.3%  
YTD
 +0.6%  
-6.5%  
 +2.5%  
 +4.0%  
 +5.2%  
  Targets    Overview: 04/29/2024  
  Up arrow39,325 or 37,000 by 05/15/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow925 or 865 by 05/15/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 04/29/2021 and 05/06/2021. 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.
 
Alaska Air Group, Inc (ALK)
Industry: Air Transport
Industry RS rank: 32 out of 59
Stock RS rank: 88 out of 575
5/6/21 close: $67.04
1 Month avg volatility: $2.17. Volatility stop (for upward breakout): $61.44 or 8.4% below the close.
Change YTD: 28.92%
Volume: 1,008,500 shares. 3 month avg: 1,966,126 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 03/25/2021 to 05/06/2021
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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American Electric Power AEP (AEP)
Industry: Electric Utility (Central)
Industry RS rank: 54 out of 59
Stock RS rank: 536 out of 575
5/6/21 close: $88.12
1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $84.68 or 3.9% below the close.
Change YTD: 5.82%
Volume: 1,637,300 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: Triangle, symmetrical continuation pattern from 04/13/2021 to 05/06/2021
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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American Equity Investment Life Holding (AEL)
Industry: Insurance (Life)
Industry RS rank: 14 out of 59
Stock RS rank: 294 out of 575
5/6/21 close: $31.50
1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $28.90 or 8.3% below the close.
Change YTD: 13.88%
Volume: 314,700 shares. 3 month avg: 625,883 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 04/08/2021 to 05/04/2021
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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Biogen Idec (BIIB)
Industry: Biotechnology
Industry RS rank: 46 out of 59
Stock RS rank: 563 out of 575
5/6/21 close: $272.11
1 Month avg volatility: $5.66. Volatility stop (for upward breakout): $257.17 or 5.5% below the close.
Change YTD: 11.13%
Volume: 928,600 shares. 3 month avg: 1,244,726 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: Head-and-shoulders bottom reversal pattern from 04/13/2021 to 04/30/2021
WARNING: A dead-cat bounce occurred on 11/09/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/10/2021.
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.

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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: 44 out of 59
Stock RS rank: 270 out of 575
5/6/21 close: $2,279.35
1 Month avg volatility: $54.43. Volatility stop (for downward breakout): $2,432.86 or 6.7% above the close.
Change YTD: 2.34%
Volume: 432,000 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: Broadening top reversal pattern from 04/06/2021 to 05/06/2021
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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Cleveland-Cliffs Inc (CLF)
Industry: Metals and Mining (Div.)
Industry RS rank: 16 out of 59
Stock RS rank: 21 out of 575
5/6/21 close: $20.46
1 Month avg volatility: $1.10. Volatility stop (for upward breakout): $17.08 or 16.5% below the close.
Change YTD: 40.52%
Volume: 28,516,300 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 bottom reversal pattern from 04/08/2021 to 04/30/2021
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.

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ConocoPhillips (COP)
Industry: Petroleum (Integrated)
Industry RS rank: 5 out of 59
Stock RS rank: 75 out of 575
5/6/21 close: $55.70
1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $50.84 or 8.7% below the close.
Change YTD: 39.28%
Volume: 9,626,000 shares. 3 month avg: 6,156,062 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 bottom reversal pattern from 04/13/2021 to 04/30/2021
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.

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Dilliards Inc (DDS)
Industry: Retail Store
Industry RS rank: 28 out of 59
Stock RS rank: 32 out of 575
5/6/21 close: $105.49
1 Month avg volatility: $4.57. Volatility stop (for upward breakout): $94.66 or 10.3% below the close.
Change YTD: 67.31%
Volume: 248,700 shares. 3 month avg: 658,302 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 04/19/2021 to 04/26/2021
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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Dril-Quip Inc (DRQ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 1 out of 59
Stock RS rank: 203 out of 575
5/6/21 close: $35.27
1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $31.31 or 11.2% below the close.
Change YTD: 19.07%
Volume: 256,200 shares. 3 month avg: 557,835 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 bottom reversal pattern from 04/19/2021 to 04/26/2021
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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Eastman Chemical (EMN)
Industry: Chemical (Diversified)
Industry RS rank: 25 out of 59
Stock RS rank: 175 out of 575
5/6/21 close: $124.04
1 Month avg volatility: $2.55. Volatility stop (for upward breakout): $116.35 or 6.2% below the close.
Change YTD: 23.69%
Volume: 548,100 shares. 3 month avg: 1,209,300 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: Scallop, ascending continuation pattern from 03/11/2021 to 05/06/2021
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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Haynes International Inc. (HAYN)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 22 out of 59
Stock RS rank: 56 out of 575
5/6/21 close: $32.95
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $29.00 or 12.0% below the close.
Change YTD: 38.21%
Volume: 47,500 shares. 3 month avg: 80,035 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: Pipe bottom reversal pattern from 04/19/2021 to 04/26/2021
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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Illinois Tool Works Inc. (ITW)
Industry: Metal Fabricating
Industry RS rank: 17 out of 59
Stock RS rank: 400 out of 575
5/6/21 close: $237.06
1 Month avg volatility: $3.11. Volatility stop (for upward breakout): $229.02 or 3.4% below the close.
Change YTD: 16.27%
Volume: 798,400 shares. 3 month avg: 1,139,580 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: Scallop, ascending continuation pattern from 03/29/2021 to 05/06/2021
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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KB Home Corp. (KBH)
Industry: Homebuilding
Industry RS rank: 9 out of 59
Stock RS rank: 251 out of 575
5/6/21 close: $48.78
1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $52.48 or 7.6% above the close.
Change YTD: 45.53%
Volume: 1,132,800 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: Roof, inverted reversal pattern from 04/06/2021 to 05/06/2021
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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Kimball International, Inc. (KBAL)
Industry: Furn/Home Furnishings
Industry RS rank: 7 out of 59
Stock RS rank: 380 out of 575
5/6/21 close: $12.56
1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $13.37 or 6.5% above the close.
Change YTD: 5.10%
Volume: 529,000 shares. 3 month avg: 102,372 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: Double Top, Eve and Adam reversal pattern from 03/18/2021 to 04/30/2021
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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Miller, Herman (MLHR)
Industry: Furn/Home Furnishings
Industry RS rank: 7 out of 59
Stock RS rank: 232 out of 575
5/6/21 close: $43.40
1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $39.94 or 8.0% below the close.
Change YTD: 28.40%
Volume: 785,500 shares. 3 month avg: 361,806 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 04/19/2021 to 04/26/2021
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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Myriad Genetics Inc (MYGN)
Industry: Biotechnology
Industry RS rank: 46 out of 59
Stock RS rank: 66 out of 575
5/6/21 close: $26.86
1 Month avg volatility: $1.68. Volatility stop (for downward breakout): $31.11 or 15.8% above the close.
Change YTD: 35.83%
Volume: 514,000 shares. 3 month avg: 906,888 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: Double Top, Adam and Adam reversal pattern from 04/28/2021 to 05/04/2021
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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Park Electrochemical (PKE)
Industry: Chemical (Specialty)
Industry RS rank: 47 out of 59
Stock RS rank: 327 out of 575
5/6/21 close: $13.71
1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $12.67 or 7.6% below the close.
Change YTD: 2.24%
Volume: 71,100 shares. 3 month avg: 70,862 shares.
This security may be thinly traded (less than 100k 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: Triangle, symmetrical continuation pattern from 03/29/2021 to 05/06/2021
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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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 1 out of 59
Stock RS rank: 15 out of 575
5/6/21 close: $8.01
1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $6.85 or 14.4% below the close.
Change YTD: 52.28%
Volume: 2,532,300 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: Pipe bottom reversal pattern from 04/19/2021 to 04/26/2021
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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Public Service Enterprise Group PEG (PEG)
Industry: Electric Utility (East)
Industry RS rank: 55 out of 59
Stock RS rank: 469 out of 575
5/6/21 close: $62.57
1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $64.53 or 3.1% above the close.
Change YTD: 7.32%
Volume: 2,171,800 shares. 3 month avg: 3,334,326 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 Adam reversal pattern from 04/21/2021 to 05/03/2021
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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Regis Corp (RGS)
Industry: Toiletries/Cosmetics
Industry RS rank: 34 out of 59
Stock RS rank: 61 out of 575
5/6/21 close: $10.27
1 Month avg volatility: $0.66. Volatility stop (for downward breakout): $12.53 or 22.0% above the close.
Change YTD: 11.75%
Volume: 1,561,800 shares. 3 month avg: 193,511 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: Dead-cat bounce continuation pattern from 05/06/2021 to 05/06/2021
Breakout is downward 67% of the time.
Average decline: 18%.

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Reinsurance Group of America (RGA)
Industry: Insurance (Life)
Industry RS rank: 14 out of 59
Stock RS rank: 282 out of 575
5/6/21 close: $134.43
1 Month avg volatility: $2.49. Volatility stop (for upward breakout): $127.15 or 5.4% below the close.
Change YTD: 15.99%
Volume: 485,500 shares. 3 month avg: 326,800 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: Triangle, ascending reversal pattern from 03/15/2021 to 05/06/2021
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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Revlon Inc (REV)
Industry: Toiletries/Cosmetics
Industry RS rank: 34 out of 59
Stock RS rank: 49 out of 575
5/6/21 close: $11.38
1 Month avg volatility: $0.64. Volatility stop (for downward breakout): $12.71 or 11.7% above the close.
Change YTD: -4.21%
Volume: 129,700 shares. 3 month avg: 238,602 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 bottom continuation pattern from 02/02/2021 to 05/06/2021
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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Science Applications International Corp (SAIC)
Industry: IT Services
Industry RS rank: 43 out of 59
Stock RS rank: 481 out of 575
5/6/21 close: $88.62
1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $84.98 or 4.1% below the close.
Change YTD: -6.36%
Volume: 377,400 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: Scallop, ascending continuation pattern from 04/20/2021 to 05/03/2021
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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Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 24 out of 59
Stock RS rank: 180 out of 575
5/6/21 close: $240.44
1 Month avg volatility: $6.49. Volatility stop (for upward breakout): $222.75 or 7.4% below the close.
Change YTD: 20.74%
Volume: 384,800 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: Double Bottom, Eve and Adam reversal pattern from 04/20/2021 to 05/04/2021
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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Wal-Mart Stores Inc. (WMT)
Industry: Retail Store
Industry RS rank: 28 out of 59
Stock RS rank: 525 out of 575
5/6/21 close: $141.05
1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $144.37 or 2.4% above the close.
Change YTD: -2.15%
Volume: 5,407,300 shares. 3 month avg: 9,313,488 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 04/06/2021 to 05/03/2021
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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