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

 

Weekly screen for chart patterns ending between 07/29/2021 and 08/05/2021. 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: 52 out of 60
Stock RS rank: 559 out of 572
8/5/21 close: $200.13
1 Month avg volatility: $6.89. Volatility stop (for downward breakout): $232.85 or 16.4% above the close.
Change YTD: -31.77%
Volume: 1,931,200 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 Friday.
 
Chart pattern: Dead-cat bounce continuation pattern from 08/05/2021 to 08/05/2021
Breakout is downward 67% of the time.
Average decline: 18%.

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Applied Materials (AMAT)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 46 out of 572
8/5/21 close: $142.27
1 Month avg volatility: $3.96. Volatility stop (for downward breakout): $151.81 or 6.7% above the close.
Change YTD: 64.86%
Volume: 4,202,000 shares. 3 month avg: 11,583,771 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 06/04/2021 to 08/02/2021
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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Beacon Roofing Supply Inc. (BECN)
Industry: Retail Building Supply
Industry RS rank: 26 out of 60
Stock RS rank: 80 out of 572
8/5/21 close: $54.35
1 Month avg volatility: $1.58. Volatility stop (for downward breakout): $58.77 or 8.1% above the close.
Change YTD: 35.23%
Volume: 355,800 shares. 3 month avg: 811,195 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: Roof, inverted reversal pattern from 06/24/2021 to 08/05/2021
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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Brooks Automation (BRKS)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 222 out of 572
8/5/21 close: $90.48
1 Month avg volatility: $2.78. Volatility stop (for upward breakout): $82.98 or 8.3% below the close.
Change YTD: 33.35%
Volume: 777,200 shares. 3 month avg: 448,778 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: Triangle, ascending reversal pattern from 07/12/2021 to 08/05/2021
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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Century Aluminum Co. (CENX)
Industry: Metals and Mining (Div.)
Industry RS rank: 41 out of 60
Stock RS rank: 430 out of 572
8/5/21 close: $10.92
1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $14.61 or 33.8% above the close.
Change YTD: -1.00%
Volume: 6,237,700 shares. 3 month avg: 2,285,742 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: Dead-cat bounce continuation pattern from 08/05/2021 to 08/05/2021
Breakout is downward 67% of the time.
Average decline: 18%.

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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 18 out of 60
Stock RS rank: 2 out of 572
8/5/21 close: $5.87
1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $4.83 or 17.8% below the close.
Change YTD: 269.18%
Volume: 887,000 shares. 3 month avg: 2,783,222 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: Triangle, symmetrical continuation pattern from 06/18/2021 to 08/05/2021
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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Cincinnati Financial Corp (CINF)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 20 out of 60
Stock RS rank: 72 out of 572
8/5/21 close: $116.39
1 Month avg volatility: $2.66. Volatility stop (for downward breakout): $123.39 or 6.0% above the close.
Change YTD: 33.22%
Volume: 542,600 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 08/05/2021
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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Discover Financial Services (DFS)
Industry: Financial Services
Industry RS rank: 22 out of 60
Stock RS rank: 36 out of 572
8/5/21 close: $127.10
1 Month avg volatility: $3.91. Volatility stop (for upward breakout): $118.95 or 6.4% below the close.
Change YTD: 40.40%
Volume: 1,315,600 shares. 3 month avg: 2,443,809 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, ascending reversal pattern from 07/08/2021 to 08/03/2021
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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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 50 out of 60
Stock RS rank: 407 out of 572
8/5/21 close: $76.08
1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $72.57 or 4.6% below the close.
Change YTD: 1.17%
Volume: 2,459,700 shares. 3 month avg: 2,249,422 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, symmetrical continuation pattern from 07/14/2021 to 08/05/2021
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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FormFactor Inc. (FORM)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 40 out of 60
Stock RS rank: 514 out of 572
8/5/21 close: $38.30
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $35.33 or 7.8% below the close.
Change YTD: -10.97%
Volume: 324,300 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: Broadening bottom reversal pattern from 06/04/2021 to 08/05/2021
WARNING: A dead-cat bounce occurred on 04/29/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/28/2021.
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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General Mills Inc (GIS)
Industry: Food Processing
Industry RS rank: 48 out of 60
Stock RS rank: 442 out of 572
8/5/21 close: $57.58
1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $59.69 or 3.7% above the close.
Change YTD: -2.07%
Volume: 2,894,500 shares. 3 month avg: 4,139,065 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, Adam and Adam reversal pattern from 07/27/2021 to 08/03/2021
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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Hologic Inc (HOLX)
Industry: Medical Supplies
Industry RS rank: 12 out of 60
Stock RS rank: 502 out of 572
8/5/21 close: $76.35
1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $72.20 or 5.4% below the close.
Change YTD: 4.83%
Volume: 1,285,300 shares. 3 month avg: 3,130,522 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: Rounding bottom continuation pattern from 04/19/2021 to 08/04/2021
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 18 out of 572
8/5/21 close: $60.36
1 Month avg volatility: $2.28. Volatility stop (for upward breakout): $54.31 or 10.0% below the close.
Change YTD: 89.75%
Volume: 3,044,800 shares. 3 month avg: 518,337 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, ascending reversal pattern from 07/14/2021 to 08/04/2021
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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LSB Industries Inc (LXU)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 36 out of 60
Stock RS rank: 6 out of 572
8/5/21 close: $7.84
1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $6.25 or 20.3% below the close.
Change YTD: 131.27%
Volume: 164,300 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: Flag, high and tight continuation pattern from 07/19/2021 to 08/02/2021
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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Marathon Oil (MRO)
Industry: Petroleum (Integrated)
Industry RS rank: 19 out of 60
Stock RS rank: 29 out of 572
8/5/21 close: $11.79
1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $10.05 or 14.8% below the close.
Change YTD: 76.76%
Volume: 22,388,900 shares. 3 month avg: 12,845,475 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, right-angled and descending continuation pattern from 07/21/2021 to 08/05/2021
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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Marchex, Inc (MCHX)
Industry: Advertising
Industry RS rank: 9 out of 60
Stock RS rank: 493 out of 572
8/5/21 close: $2.80
1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $2.38 or 15.2% below the close.
Change YTD: 42.86%
Volume: 33,700 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: Double Bottom, Adam and Adam reversal pattern from 07/27/2021 to 08/03/2021
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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Materion Corp (MTRN)
Industry: Metals and Mining (Div.)
Industry RS rank: 41 out of 60
Stock RS rank: 389 out of 572
8/5/21 close: $72.58
1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $68.24 or 6.0% below the close.
Change YTD: 13.90%
Volume: 103,000 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: Pipe bottom reversal pattern from 07/19/2021 to 07/26/2021
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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NextEra Energy Inc (NEE)
Industry: Electric Utility (East)
Industry RS rank: 50 out of 60
Stock RS rank: 476 out of 572
8/5/21 close: $80.49
1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $77.03 or 4.3% below the close.
Change YTD: 4.33%
Volume: 6,278,800 shares. 3 month avg: 1,582,705 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: Rounding bottom continuation pattern from 04/16/2021 to 08/05/2021
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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OGE Energy Corp (OGE)
Industry: Electric Utility (Central)
Industry RS rank: 38 out of 60
Stock RS rank: 308 out of 572
8/5/21 close: $34.47
1 Month avg volatility: $0.58. Volatility stop (for downward breakout): $35.63 or 3.4% above the close.
Change YTD: 8.19%
Volume: 1,062,300 shares. 3 month avg: 1,006,480 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: Roof, inverted reversal pattern from 06/28/2021 to 08/05/2021
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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Quest Diagnostics (DGX)
Industry: Medical Services
Industry RS rank: 52 out of 60
Stock RS rank: 232 out of 572
8/5/21 close: $147.30
1 Month avg volatility: $2.35. Volatility stop (for upward breakout): $140.12 or 4.9% below the close.
Change YTD: 23.60%
Volume: 1,260,300 shares. 3 month avg: 1,490,418 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: Rounding bottom continuation pattern from 05/10/2021 to 07/30/2021
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Reinsurance Group of America (RGA)
Industry: Insurance (Life)
Industry RS rank: 28 out of 60
Stock RS rank: 288 out of 572
8/5/21 close: $120.64
1 Month avg volatility: $3.15. Volatility stop (for upward breakout): $111.58 or 7.5% below the close.
Change YTD: 4.09%
Volume: 510,100 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: Head-and-shoulders complex bottom reversal pattern from 07/08/2021 to 08/03/2021
Breakout is upward 100% of the time.
Average rise: 39%.
Break-even failure rate: 4%.
Throwbacks occur 63% of the time.
Price hits measure rule target 74% of the time.

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Southwest Gas Corp. (SWX)
Industry: Natural Gas (Distributor)
Industry RS rank: 27 out of 60
Stock RS rank: 195 out of 572
8/5/21 close: $72.03
1 Month avg volatility: $1.55. Volatility stop (for upward breakout): $68.36 or 5.1% below the close.
Change YTD: 18.57%
Volume: 323,600 shares. 3 month avg: 213,628 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, symmetrical continuation pattern from 07/16/2021 to 08/02/2021
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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Stratasys Ltd (SSYS)
Industry: Electronics
Industry RS rank: 53 out of 60
Stock RS rank: 572 out of 572
8/5/21 close: $21.89
1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $19.15 or 12.5% below the close.
Change YTD: 5.65%
Volume: 2,197,300 shares. 3 month avg: 835,520 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 07/19/2021 to 08/03/2021
WARNING: A dead-cat bounce occurred on 02/23/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/24/2021.
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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Texas Instruments Inc. (TXN)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 40 out of 60
Stock RS rank: 260 out of 572
8/5/21 close: $193.16
1 Month avg volatility: $3.60. Volatility stop (for downward breakout): $201.11 or 4.1% above the close.
Change YTD: 17.69%
Volume: 2,747,200 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: Roof, inverted reversal pattern from 06/29/2021 to 08/05/2021
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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Williams-Sonoma Inc. (WSM)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 11 out of 60
Stock RS rank: 147 out of 572
8/5/21 close: $157.91
1 Month avg volatility: $4.32. Volatility stop (for upward breakout): $147.30 or 6.7% below the close.
Change YTD: 55.06%
Volume: 619,900 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 Monday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 05/27/2021 to 08/05/2021
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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Xcel Energy, Inc (XEL)
Industry: Electric Utility (West)
Industry RS rank: 45 out of 60
Stock RS rank: 341 out of 572
8/5/21 close: $69.24
1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $66.18 or 4.4% below the close.
Change YTD: 3.85%
Volume: 2,011,800 shares. 3 month avg: 3,202,808 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, symmetrical continuation pattern from 07/19/2021 to 08/05/2021
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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