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 07/15/2021 and 07/22/2021. 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.
 
ADTRAN Inc (ADTN)
Industry: Telecom. Equipment
Industry RS rank: 58 out of 60
Stock RS rank: 126 out of 574
7/22/21 close: $21.29
1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $18.49 or 13.1% below the close.
Change YTD: 44.14%
Volume: 443,200 shares. 3 month avg: 348,746 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: Broadening wedge, descending reversal pattern from 06/08/2021 to 07/21/2021
Breakout is upward 79% of the time.
Average rise: 33%.
Break-even failure rate: 6%.
Throwbacks occur 53% of the time.
Price hits measure rule target 79% of the time.

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American Equity Investment Life Holding (AEL)
Industry: Insurance (Life)
Industry RS rank: 45 out of 60
Stock RS rank: 412 out of 574
7/22/21 close: $31.00
1 Month avg volatility: $0.90. Volatility stop (for upward breakout): $28.77 or 7.2% below the close.
Change YTD: 12.08%
Volume: 305,000 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: Double Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021
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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Baxter International, Inc. (BAX)
Industry: Medical Supplies
Industry RS rank: 23 out of 60
Stock RS rank: 419 out of 574
7/22/21 close: $80.51
1 Month avg volatility: $1.01. Volatility stop (for downward breakout): $82.73 or 2.8% above the close.
Change YTD: 0.34%
Volume: 874,600 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: Triangle, descending reversal pattern from 06/15/2021 to 07/16/2021
Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

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Cincinnati Financial Corp (CINF)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 33 out of 60
Stock RS rank: 98 out of 574
7/22/21 close: $115.02
1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $121.65 or 5.8% above the close.
Change YTD: 31.65%
Volume: 344,000 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: Rectangle bottom continuation pattern from 06/18/2021 to 07/22/2021
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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Clorox Co, The (CLX)
Industry: Household Products
Industry RS rank: 55 out of 60
Stock RS rank: 498 out of 574
7/22/21 close: $180.71
1 Month avg volatility: $3.70. Volatility stop (for downward breakout): $191.96 or 6.2% above the close.
Change YTD: -10.50%
Volume: 2,259,300 shares. 3 month avg: 971,306 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 reversal pattern from 06/29/2021 to 07/22/2021
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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Corning Inc. (GLW)
Industry: Telecom. Equipment
Industry RS rank: 58 out of 60
Stock RS rank: 350 out of 574
7/22/21 close: $40.43
1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $39.01 or 3.5% below the close.
Change YTD: 12.31%
Volume: 2,281,600 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: Broadening top, right-angled and descending continuation pattern from 06/25/2021 to 07/22/2021
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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FormFactor Inc. (FORM)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 51 out of 60
Stock RS rank: 557 out of 574
7/22/21 close: $36.08
1 Month avg volatility: $1.05. Volatility stop (for upward breakout): $33.85 or 6.2% below the close.
Change YTD: -16.13%
Volume: 326,700 shares. 3 month avg: 748,688 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 Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021
WARNING: A dead-cat bounce occurred on 04/29/2021. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 07/29/2021 and a 38% chance by 10/28/2021.
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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General Dynamics Corp (GD)
Industry: Aerospace/Defense
Industry RS rank: 21 out of 60
Stock RS rank: 106 out of 574
7/22/21 close: $190.57
1 Month avg volatility: $2.66. Volatility stop (for upward breakout): $184.49 or 3.2% below the close.
Change YTD: 28.05%
Volume: 518,500 shares. 3 month avg: 1,076,035 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: Triple bottom reversal pattern from 06/18/2021 to 07/19/2021
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

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Insperity (NSP)
Industry: Human Resources
Industry RS rank: 14 out of 60
Stock RS rank: 324 out of 574
7/22/21 close: $92.61
1 Month avg volatility: $1.79. Volatility stop (for upward breakout): $88.83 or 4.1% below the close.
Change YTD: 13.74%
Volume: 98,600 shares. 3 month avg: 131,942 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 05/28/2021 to 07/22/2021
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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KB Home Corp. (KBH)
Industry: Homebuilding
Industry RS rank: 11 out of 60
Stock RS rank: 437 out of 574
7/22/21 close: $40.51
1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $37.62 or 7.1% below the close.
Change YTD: 20.85%
Volume: 1,782,500 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: Triple bottom reversal pattern from 07/08/2021 to 07/19/2021
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

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Kellogg Co (K)
Industry: Food Processing
Industry RS rank: 35 out of 60
Stock RS rank: 280 out of 574
7/22/21 close: $62.77
1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $60.80 or 3.1% below the close.
Change YTD: 0.87%
Volume: 2,287,000 shares. 3 month avg: 3,593,774 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 06/22/2021 to 07/20/2021
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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L3Harris Technologies (LHX)
Industry: Aerospace/Defense
Industry RS rank: 21 out of 60
Stock RS rank: 135 out of 574
7/22/21 close: $226.12
1 Month avg volatility: $3.25. Volatility stop (for upward breakout): $219.24 or 3.0% below the close.
Change YTD: 19.63%
Volume: 583,500 shares. 3 month avg: 1,674,089 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 Bottom, Eve and Adam reversal pattern from 06/29/2021 to 07/19/2021
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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LSB Industries Inc (LXU)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 44 out of 60
Stock RS rank: 6 out of 574
7/22/21 close: $7.67
1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $6.07 or 20.9% below the close.
Change YTD: 126.25%
Volume: 479,700 shares. 3 month avg: 278,209 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 Bottom, Adam and Adam reversal pattern from 07/08/2021 to 07/19/2021
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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Masco Corp. (MAS)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 44 out of 60
Stock RS rank: 423 out of 574
7/22/21 close: $58.95
1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $57.06 or 3.2% below the close.
Change YTD: 7.32%
Volume: 1,433,800 shares. 3 month avg: 2,351,771 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 bottom reversal pattern from 06/18/2021 to 07/21/2021
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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Newell Brands Inc (NWL)
Industry: Household Products
Industry RS rank: 55 out of 60
Stock RS rank: 274 out of 574
7/22/21 close: $26.94
1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $25.67 or 4.7% below the close.
Change YTD: 26.90%
Volume: 1,285,200 shares. 3 month avg: 7,205,206 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: Triangle, symmetrical continuation pattern from 06/01/2021 to 07/22/2021
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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Open Text Corp (OTEX)
Industry: E-Commerce
Industry RS rank: 19 out of 60
Stock RS rank: 312 out of 574
7/22/21 close: $50.93
1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $49.38 or 3.0% below the close.
Change YTD: 12.03%
Volume: 294,800 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: Scallop, ascending and inverted continuation pattern from 05/19/2021 to 07/19/2021
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

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Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 26 out of 60
Stock RS rank: 383 out of 574
7/22/21 close: $77.45
1 Month avg volatility: $2.37. Volatility stop (for upward breakout): $70.81 or 8.6% below the close.
Change YTD: 13.31%
Volume: 141,600 shares. 3 month avg: 94,083 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 Friday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 06/22/2021 to 07/19/2021
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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Vulcan Materials (VMC)
Industry: Cement and Aggregates
Industry RS rank: 25 out of 60
Stock RS rank: 270 out of 574
7/22/21 close: $176.05
1 Month avg volatility: $3.34. Volatility stop (for upward breakout): $167.60 or 4.8% below the close.
Change YTD: 18.70%
Volume: 400,200 shares. 3 month avg: 770,269 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 06/18/2021 to 07/22/2021
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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WEX Inc (WEX)
Industry: Information Services
Industry RS rank: 12 out of 60
Stock RS rank: 476 out of 574
7/22/21 close: $196.83
1 Month avg volatility: $4.46. Volatility stop (for upward breakout): $184.86 or 6.1% below the close.
Change YTD: -3.29%
Volume: 165,700 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 06/29/2021 to 07/16/2021
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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