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 05/06/2021 and 05/13/2021. 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.
 
American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 4 out of 59
Stock RS rank: 18 out of 575
5/13/21 close: $34.56
1 Month avg volatility: $1.35. Volatility stop (for downward breakout): $38.05 or 10.1% above the close.
Change YTD: 72.20%
Volume: 3,572,900 shares. 3 month avg: 4,309,748 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, Adam and Adam reversal pattern from 04/23/2021 to 05/10/2021
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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Assured Guaranty Ltd. (AGO)
Industry: Insurance (Life)
Industry RS rank: 19 out of 59
Stock RS rank: 95 out of 575
5/13/21 close: $46.38
1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $49.60 or 6.9% above the close.
Change YTD: 47.28%
Volume: 674,100 shares. 3 month avg: 1,068,715 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 top reversal pattern from 04/26/2021 to 05/03/2021
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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Atmos Energy Corp (ATO)
Industry: Natural Gas (Diversified)
Industry RS rank: 40 out of 59
Stock RS rank: 502 out of 575
5/13/21 close: $100.61
1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $104.64 or 4.0% above the close.
Change YTD: 5.43%
Volume: 549,400 shares. 3 month avg: 444,800 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 04/21/2021 to 05/10/2021
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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Baxter International, Inc. (BAX)
Industry: Medical Supplies
Industry RS rank: 49 out of 59
Stock RS rank: 478 out of 575
5/13/21 close: $83.40
1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $86.42 or 3.6% above the close.
Change YTD: 3.94%
Volume: 2,954,400 shares. 3 month avg: 2,457,589 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, Eve and Eve reversal pattern from 04/22/2021 to 05/07/2021
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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Chevron Corp (CVX)
Industry: Petroleum (Integrated)
Industry RS rank: 6 out of 59
Stock RS rank: 224 out of 575
5/13/21 close: $106.68
1 Month avg volatility: $2.29. Volatility stop (for upward breakout): $100.87 or 5.5% below the close.
Change YTD: 26.32%
Volume: 9,682,500 shares. 3 month avg: 5,172,805 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: Cup with handle continuation pattern from 03/12/2021 to 05/13/2021
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.

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Cincinnati Financial Corp (CINF)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 25 out of 59
Stock RS rank: 144 out of 575
5/13/21 close: $120.04
1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $110.94 or 7.6% below the close.
Change YTD: 37.39%
Volume: 559,300 shares. 3 month avg: 534,966 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: Scallop, ascending continuation pattern from 03/15/2021 to 05/10/2021
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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ConAgra Brands Inc (CAG)
Industry: Food Processing
Industry RS rank: 41 out of 59
Stock RS rank: 438 out of 575
5/13/21 close: $38.13
1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $35.98 or 5.6% below the close.
Change YTD: 5.16%
Volume: 3,667,700 shares. 3 month avg: 3,423,360 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 03/30/2021 to 05/13/2021
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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Deckers Outdoor Corp (DECK)
Industry: Shoe
Industry RS rank: 12 out of 59
Stock RS rank: 236 out of 575
5/13/21 close: $323.33
1 Month avg volatility: $9.90. Volatility stop (for upward breakout): $297.40 or 8.0% below the close.
Change YTD: 12.74%
Volume: 236,400 shares. 3 month avg: 637,325 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 02/02/2021 to 05/13/2021
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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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 48 out of 59
5/13/21 close: $905.11
1 Month avg volatility: $12.10. Volatility stop (for downward breakout): $933.98 or 3.2% above the close.
Change YTD: 4.68%
Volume: 45,204,600 shares. 3 month avg: 52,349,963 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 05/03/2021 to 05/10/2021
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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Evolent Health, Inc (EVH)
Industry: Healthcare Information
Industry RS rank: 58 out of 59
Stock RS rank: 120 out of 575
5/13/21 close: $18.89
1 Month avg volatility: $0.95. Volatility stop (for downward breakout): $21.11 or 11.7% above the close.
Change YTD: 17.84%
Volume: 450,800 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 top reversal pattern from 04/26/2021 to 05/03/2021
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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Exxon Mobil Corp. (XOM)
Industry: Petroleum (Integrated)
Industry RS rank: 6 out of 59
Stock RS rank: 73 out of 575
5/13/21 close: $59.30
1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $55.99 or 5.6% below the close.
Change YTD: 43.86%
Volume: 24,185,400 shares. 3 month avg: 15,538,298 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: Cup with handle continuation pattern from 03/11/2021 to 05/13/2021
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.

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Five9 Inc (FIVN)
Industry: Computer Software and Svcs
Industry RS rank: 50 out of 59
Stock RS rank: 400 out of 575
5/13/21 close: $159.50
1 Month avg volatility: $7.22. Volatility stop (for downward breakout): $181.69 or 13.9% above the close.
Change YTD: -8.54%
Volume: 814,600 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: Pipe top reversal pattern from 04/26/2021 to 05/03/2021
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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Gap Inc. (GPS)
Industry: Apparel
Industry RS rank: 4 out of 59
Stock RS rank: 119 out of 575
5/13/21 close: $33.50
1 Month avg volatility: $1.38. Volatility stop (for downward breakout): $36.74 or 9.7% above the close.
Change YTD: 65.92%
Volume: 5,996,000 shares. 3 month avg: 5,662,882 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: Double Top, Adam and Adam reversal pattern from 05/03/2021 to 05/10/2021
WARNING: A dead-cat bounce occurred on 11/25/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/26/2021.
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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Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 5 out of 59
Stock RS rank: 71 out of 575
5/13/21 close: $358.81
1 Month avg volatility: $8.24. Volatility stop (for upward breakout): $336.77 or 6.1% below the close.
Change YTD: 36.06%
Volume: 2,671,400 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: Scallop, ascending continuation pattern from 03/18/2021 to 05/10/2021
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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Guess Inc. (GES)
Industry: Apparel
Industry RS rank: 4 out of 59
Stock RS rank: 28 out of 575
5/13/21 close: $27.79
1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $31.03 or 11.6% above the close.
Change YTD: 22.86%
Volume: 593,400 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 Thursday.
 
Chart pattern: Broadening top reversal pattern from 04/22/2021 to 05/12/2021
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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Honeywell International Inc (HON)
Industry: Aerospace/Defense
Industry RS rank: 33 out of 59
Stock RS rank: 383 out of 575
5/13/21 close: $223.68
1 Month avg volatility: $3.48. Volatility stop (for downward breakout): $231.84 or 3.7% above the close.
Change YTD: 5.16%
Volume: 2,904,700 shares. 3 month avg: 2,744,942 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 Top, Eve and Adam reversal pattern from 04/16/2021 to 05/10/2021
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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JetBlue Airways Corporation (JBLU)
Industry: Air Transport
Industry RS rank: 27 out of 59
Stock RS rank: 192 out of 575
5/13/21 close: $18.95
1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $17.13 or 9.6% below the close.
Change YTD: 30.33%
Volume: 5,730,100 shares. 3 month avg: 6,141,268 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, symmetrical continuation pattern from 03/25/2021 to 05/10/2021
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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Kohls Corporation (KSS)
Industry: Retail Store
Industry RS rank: 28 out of 59
Stock RS rank: 11 out of 575
5/13/21 close: $56.78
1 Month avg volatility: $2.44. Volatility stop (for upward breakout): $50.54 or 11.0% below the close.
Change YTD: 39.54%
Volume: 2,354,900 shares. 3 month avg: 4,163,043 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 03/15/2021 to 05/10/2021
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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Materion Corp (MTRN)
Industry: Metals and Mining (Div.)
Industry RS rank: 13 out of 59
Stock RS rank: 149 out of 575
5/13/21 close: $78.09
1 Month avg volatility: $2.27. Volatility stop (for upward breakout): $71.15 or 8.9% below the close.
Change YTD: 22.55%
Volume: 173,400 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: Cup with handle continuation pattern from 03/10/2021 to 05/12/2021
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.

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MDC Holdings Inc. (MDC)
Industry: Homebuilding
Industry RS rank: 8 out of 59
Stock RS rank: 261 out of 575
5/13/21 close: $57.97
1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $62.64 or 8.1% above the close.
Change YTD: 19.28%
Volume: 643,200 shares. 3 month avg: 498,709 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 reversal pattern from 04/05/2021 to 05/12/2021
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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Morgan Stanley (MS)
Industry: Securities Brokerage
Industry RS rank: 5 out of 59
Stock RS rank: 111 out of 575
5/13/21 close: $84.86
1 Month avg volatility: $2.11. Volatility stop (for upward breakout): $79.19 or 6.7% below the close.
Change YTD: 23.83%
Volume: 8,569,800 shares. 3 month avg: 7,779,832 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: Cup with handle continuation pattern from 03/18/2021 to 05/13/2021
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.

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NextGen Healthcare Inc (NXGN)
Industry: Healthcare Information
Industry RS rank: 58 out of 59
Stock RS rank: 341 out of 575
5/13/21 close: $18.37
1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $19.45 or 5.9% above the close.
Change YTD: 0.71%
Volume: 231,200 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: Rectangle bottom continuation pattern from 03/25/2021 to 05/10/2021
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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Open Text Corp (OTEX)
Industry: E-Commerce
Industry RS rank: 57 out of 59
Stock RS rank: 435 out of 575
5/13/21 close: $45.26
1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $47.87 or 5.8% above the close.
Change YTD: -0.44%
Volume: 673,500 shares. 3 month avg: 520,157 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 03/22/2021 to 05/10/2021
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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Selective Insurance Group Inc (SIGI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 25 out of 59
Stock RS rank: 252 out of 575
5/13/21 close: $76.13
1 Month avg volatility: $1.82. Volatility stop (for downward breakout): $80.37 or 5.6% above the close.
Change YTD: 13.66%
Volume: 224,100 shares. 3 month avg: 158,554 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 04/15/2021 to 05/10/2021
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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Visteon Corp (VC)
Industry: Electronics
Industry RS rank: 29 out of 59
Stock RS rank: 364 out of 575
5/13/21 close: $116.57
1 Month avg volatility: $5.32. Volatility stop (for downward breakout): $128.23 or 10.0% above the close.
Change YTD: -7.13%
Volume: 274,000 shares. 3 month avg: 325,660 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, Adam and Eve reversal pattern from 04/29/2021 to 05/07/2021
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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Vulcan Materials (VMC)
Industry: Cement and Aggregates
Industry RS rank: 9 out of 59
Stock RS rank: 195 out of 575
5/13/21 close: $190.05
1 Month avg volatility: $3.44. Volatility stop (for downward breakout): $197.85 or 4.1% above the close.
Change YTD: 28.14%
Volume: 1,164,600 shares. 3 month avg: 1,153,271 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: Diamond top reversal pattern from 05/05/2021 to 05/13/2021
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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W. R. Berkley Corp (WRB)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 25 out of 59
Stock RS rank: 366 out of 575
5/13/21 close: $79.42
1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $82.68 or 4.1% above the close.
Change YTD: 19.57%
Volume: 438,500 shares. 3 month avg: 444,512 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 04/26/2021 to 05/10/2021
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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