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 08/19/2021 and 08/26/2021. 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.
 
Acuity Brands, Inc (AYI)
Industry: Furn/Home Furnishings
Industry RS rank: 14 out of 60
Stock RS rank: 25 out of 572
8/26/21 close: $185.36
1 Month avg volatility: $4.15. Volatility stop (for upward breakout): $176.81 or 4.6% below the close.
Change YTD: 53.08%
Volume: 188,700 shares. 3 month avg: 670,414 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: Ugly double bottom reversal pattern from 07/19/2021 to 08/20/2021
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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AMN Healthcare (AMN)
Industry: Human Resources
Industry RS rank: 6 out of 60
Stock RS rank: 31 out of 572
8/26/21 close: $108.13
1 Month avg volatility: $2.96. Volatility stop (for upward breakout): $101.70 or 5.9% below the close.
Change YTD: 58.43%
Volume: 147,400 shares. 3 month avg: 549,046 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 08/06/2021 to 08/26/2021
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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Berry Global Group Inc (BERY)
Industry: Packaging and Container
Industry RS rank: 19 out of 60
Stock RS rank: 147 out of 572
8/26/21 close: $66.62
1 Month avg volatility: $1.36. Volatility stop (for upward breakout): $63.67 or 4.4% below the close.
Change YTD: 18.56%
Volume: 995,800 shares. 3 month avg: 894,866 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: Head-and-shoulders bottom reversal pattern from 07/23/2021 to 08/23/2021
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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Cabot Corp. (CBT)
Industry: Chemical (Diversified)
Industry RS rank: 27 out of 60
Stock RS rank: 356 out of 572
8/26/21 close: $52.83
1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $49.78 or 5.8% below the close.
Change YTD: 17.71%
Volume: 205,800 shares. 3 month avg: 325,852 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: Diamond bottom reversal pattern from 07/19/2021 to 08/26/2021
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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CACI International (CACI)
Industry: IT Services
Industry RS rank: 8 out of 60
Stock RS rank: 225 out of 572
8/26/21 close: $256.61
1 Month avg volatility: $4.62. Volatility stop (for upward breakout): $246.29 or 4.0% below the close.
Change YTD: 2.92%
Volume: 134,300 shares. 3 month avg: 131,971 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: Flag continuation pattern from 08/18/2021 to 08/26/2021
Breakout is upward 54% of the time.
Average rise: 23%.
Break-even failure rate: 4%.
Throwbacks occur 43% of the time.
Price hits measure rule target 64% of the time.

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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 43 out of 60
Stock RS rank: 3 out of 572
8/26/21 close: $5.95
1 Month avg volatility: $0.40. Volatility stop (for upward breakout): $5.12 or 14.0% below the close.
Change YTD: 274.21%
Volume: 2,155,100 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: Broadening bottom reversal pattern from 07/23/2021 to 08/24/2021
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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Clean Energy Fuels Corp. (CLNE)
Industry: Natural Gas (Distributor)
Industry RS rank: 55 out of 60
Stock RS rank: 570 out of 572
8/26/21 close: $7.64
1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $6.66 or 12.8% below the close.
Change YTD: -2.80%
Volume: 3,438,200 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: Broadening bottom reversal pattern from 07/19/2021 to 08/20/2021
WARNING: A dead-cat bounce occurred on 04/20/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/19/2021.
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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CRH plc (CRH)
Industry: Cement and Aggregates
Industry RS rank: 23 out of 60
Stock RS rank: 152 out of 572
8/26/21 close: $53.44
1 Month avg volatility: $0.65. Volatility stop (for upward breakout): $51.64 or 3.4% below the close.
Change YTD: 25.50%
Volume: 531,500 shares. 3 month avg: 546,094 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: Ugly double bottom reversal pattern from 07/19/2021 to 08/20/2021
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Devon Energy Corp. (DVN)
Industry: Natural Gas (Diversified)
Industry RS rank: 34 out of 60
Stock RS rank: 62 out of 572
8/26/21 close: $29.09
1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $26.64 or 8.4% below the close.
Change YTD: 84.00%
Volume: 11,951,900 shares. 3 month avg: 4,704,349 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: Horn bottom reversal pattern from 08/02/2021 to 08/16/2021
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 9%.
Throwbacks occur 29% of the time.
Price hits measure rule target 76% of the time.

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Friedman Industries Inc (FRD)
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: 33 out of 572
8/26/21 close: $12.30
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $14.45 or 17.5% above the close.
Change YTD: 79.30%
Volume: 176,800 shares. 3 month avg: 8,680 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 Top, Eve and Adam reversal pattern from 08/10/2021 to 08/23/2021
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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Haynes International Inc. (HAYN)
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: 79 out of 572
8/26/21 close: $37.55
1 Month avg volatility: $1.55. Volatility stop (for upward breakout): $34.40 or 8.4% below the close.
Change YTD: 57.51%
Volume: 26,400 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: Triangle, symmetrical continuation pattern from 07/19/2021 to 08/26/2021
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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Horton, D.R. Inc. (DHI)
Industry: Homebuilding
Industry RS rank: 10 out of 60
Stock RS rank: 131 out of 572
8/26/21 close: $95.55
1 Month avg volatility: $2.45. Volatility stop (for downward breakout): $102.27 or 7.0% above the close.
Change YTD: 38.64%
Volume: 1,567,300 shares. 3 month avg: 4,390,840 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: Diamond top reversal pattern from 08/02/2021 to 08/26/2021
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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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 52 out of 60
Stock RS rank: 54 out of 572
8/26/21 close: $66.73
1 Month avg volatility: $2.88. Volatility stop (for downward breakout): $73.65 or 10.4% above the close.
Change YTD: 109.78%
Volume: 581,100 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: Scallop, descending continuation pattern from 08/10/2021 to 08/26/2021
Breakout is downward 66% of the time.
Average decline: 17%.
Break-even failure rate: 15%.
Pullbacks occur 55% of the time.
Price hits measure rule target 30% of the time.

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Mastercard Inc (MA)
Industry: Financial Services
Industry RS rank: 39 out of 60
Stock RS rank: 440 out of 572
8/26/21 close: $352.86
1 Month avg volatility: $6.71. Volatility stop (for upward breakout): $338.38 or 4.1% below the close.
Change YTD: -1.14%
Volume: 3,917,700 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: Falling wedge from 07/19/2021 to 08/20/2021
Breakout is upward 68% of the time.
Average rise: 32%.
Break-even failure rate: 11%.
Throwbacks occur 56% of the time.
Price hits measure rule target 70% of the time.

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Nordstrom Inc (JWN)
Industry: Retail Store
Industry RS rank: 3 out of 60
Stock RS rank: 547 out of 572
8/26/21 close: $28.51
1 Month avg volatility: $1.68. Volatility stop (for downward breakout): $33.84 or 18.7% above the close.
Change YTD: -8.65%
Volume: 18,190,300 shares. 3 month avg: 2,612,688 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 Adam reversal pattern from 08/12/2021 to 08/24/2021
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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Pfizer Inc. (PFE)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 12 out of 60
Stock RS rank: 35 out of 572
8/26/21 close: $47.38
1 Month avg volatility: $1.34. Volatility stop (for downward breakout): $50.83 or 7.3% above the close.
Change YTD: 28.72%
Volume: 28,891,000 shares. 3 month avg: 24,885,588 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: Double Top, Adam and Adam reversal pattern from 08/18/2021 to 08/23/2021
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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Westlake Chemical Corp (WLK)
Industry: Chemical (Basic)
Industry RS rank: 46 out of 60
Stock RS rank: 415 out of 572
8/26/21 close: $86.17
1 Month avg volatility: $2.31. Volatility stop (for upward breakout): $81.37 or 5.6% below the close.
Change YTD: 5.60%
Volume: 455,500 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: Broadening bottom reversal pattern from 07/21/2021 to 08/25/2021
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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