As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/14/2024
  Indus: 38,589 -57.94 -0.1%  
  Trans: 14,807 -161.34 -1.1%  
  Utils: 917 -0.41 0.0%  
  Nasdaq: 17,689 +21.32 +0.1%  
  S&P 500: 5,432 -2.14 0.0%  
YTD
 +2.4%  
-6.9%  
 +4.0%  
 +17.8%  
 +13.9%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Patterns for the Weekend Details

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

 

Weekly screen for chart patterns ending between 09/02/2021 and 09/09/2021. 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.
 
Arrow Electronics (ARW)
Industry: Electronics
Industry RS rank: 33 out of 60
Stock RS rank: 219 out of 572
9/9/21 close: $115.33
1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $120.25 or 4.3% above the close.
Change YTD: 18.53%
Volume: 353,500 shares. 3 month avg: 447,163 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 08/23/2021 to 08/30/2021
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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Avient (AVNT)
Industry: Chemical (Specialty)
Industry RS rank: 54 out of 60
Stock RS rank: 380 out of 572
9/9/21 close: $47.83
1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $50.98 or 6.6% above the close.
Change YTD: 18.74%
Volume: 363,800 shares. 3 month avg: 523,769 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 top reversal pattern from 08/23/2021 to 08/30/2021
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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Balchem Corp (BCPC)
Industry: Chemical (Specialty)
Industry RS rank: 54 out of 60
Stock RS rank: 290 out of 572
9/9/21 close: $139.13
1 Month avg volatility: $2.62. Volatility stop (for downward breakout): $146.33 or 5.2% above the close.
Change YTD: 20.75%
Volume: 109,700 shares. 3 month avg: 82,003 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 Friday.
 
Chart pattern: Diamond top reversal pattern from 08/31/2021 to 09/09/2021
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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Bed Bath and Beyond (BBBY)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 52 out of 60
Stock RS rank: 470 out of 572
9/9/21 close: $25.33
1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $21.59 or 14.8% below the close.
Change YTD: 42.62%
Volume: 3,215,000 shares. 3 month avg: 4,821,077 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 top, right-angled and descending continuation pattern from 07/29/2021 to 09/08/2021
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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CF Industries Holdings, Inc. (CF)
Industry: Chemical (Basic)
Industry RS rank: 47 out of 60
Stock RS rank: 447 out of 572
9/9/21 close: $45.40
1 Month avg volatility: $1.47. Volatility stop (for upward breakout): $41.10 or 9.5% below the close.
Change YTD: 17.28%
Volume: 2,062,300 shares. 3 month avg: 3,754,700 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: Broadening bottom reversal pattern from 08/26/2021 to 09/09/2021
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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Cummins Inc. (CMI)
Industry: Machinery
Industry RS rank: 46 out of 60
Stock RS rank: 506 out of 572
9/9/21 close: $232.98
1 Month avg volatility: $4.21. Volatility stop (for upward breakout): $223.88 or 3.9% below the close.
Change YTD: 2.59%
Volume: 783,300 shares. 3 month avg: 1,327,631 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, symmetrical continuation pattern from 08/09/2021 to 09/09/2021
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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Dilliards Inc (DDS)
Industry: Retail Store
Industry RS rank: 4 out of 60
Stock RS rank: 1 out of 572
9/9/21 close: $196.49
1 Month avg volatility: $10.59. Volatility stop (for upward breakout): $174.83 or 11.0% below the close.
Change YTD: 211.64%
Volume: 299,600 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: Rectangle top continuation pattern from 08/13/2021 to 09/09/2021
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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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 22 out of 60
Stock RS rank: 271 out of 572
9/9/21 close: $78.46
1 Month avg volatility: $1.09. Volatility stop (for downward breakout): $81.09 or 3.4% above the close.
Change YTD: 4.34%
Volume: 4,450,000 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: Double Top, Adam and Adam reversal pattern from 08/20/2021 to 09/03/2021
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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General Electric Co (GE)
Industry: Diversified Co.
Industry RS rank: 45 out of 60
Stock RS rank: 390 out of 572
9/9/21 close: $103.29
1 Month avg volatility: $2.38. Volatility stop (for upward breakout): $97.34 or 5.8% below the close.
Change YTD: 19.55%
Volume: 9,188,200 shares. 3 month avg: 74,714,158 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 07/21/2021 to 09/09/2021
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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General Mills Inc (GIS)
Industry: Food Processing
Industry RS rank: 50 out of 60
Stock RS rank: 367 out of 572
9/9/21 close: $58.45
1 Month avg volatility: $0.85. Volatility stop (for upward breakout): $56.75 or 2.9% below the close.
Change YTD: -0.60%
Volume: 5,721,400 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 Bottom, Adam and Adam reversal pattern from 08/27/2021 to 09/07/2021
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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Gilead Sciences Inc (GILD)
Industry: Biotechnology
Industry RS rank: 16 out of 60
Stock RS rank: 227 out of 572
9/9/21 close: $70.61
1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $68.39 or 3.1% below the close.
Change YTD: 21.20%
Volume: 6,997,300 shares. 3 month avg: 8,272,228 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: Scallop, ascending and inverted continuation pattern from 08/10/2021 to 09/07/2021
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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HealthEquity, Inc (HQY)
Industry: Healthcare Information
Industry RS rank: 27 out of 60
Stock RS rank: 498 out of 572
9/9/21 close: $65.97
1 Month avg volatility: $1.99. Volatility stop (for upward breakout): $60.51 or 8.3% below the close.
Change YTD: -5.37%
Volume: 1,408,200 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 08/24/2021 to 09/09/2021
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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Invacare Corp. (IVC)
Industry: Medical Supplies
Industry RS rank: 2 out of 60
Stock RS rank: 571 out of 572
9/9/21 close: $5.40
1 Month avg volatility: $0.40. Volatility stop (for downward breakout): $7.49 or 38.6% above the close.
Change YTD: -39.66%
Volume: 3,116,100 shares. 3 month avg: 553,063 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 09/09/2021 to 09/09/2021
Breakout is downward 67% of the time.
Average decline: 18%.

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Kforce Inc (KFRC)
Industry: Human Resources
Industry RS rank: 8 out of 60
Stock RS rank: 204 out of 572
9/9/21 close: $59.88
1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $55.75 or 6.9% below the close.
Change YTD: 42.27%
Volume: 118,500 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: Head-and-shoulders bottom reversal pattern from 08/19/2021 to 09/08/2021
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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Microsoft Corp (MSFT)
Industry: Computer Software and Svcs
Industry RS rank: 11 out of 60
Stock RS rank: 68 out of 572
9/9/21 close: $297.25
1 Month avg volatility: $3.99. Volatility stop (for downward breakout): $310.12 or 4.3% above the close.
Change YTD: 33.64%
Volume: 19,882,800 shares. 3 month avg: 21,460,729 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 wedge, ascending reversal pattern from 07/07/2021 to 09/09/2021
Breakout is downward 73% of the time.
Average decline: 17%.
Break-even failure rate: 11%.
Pullbacks occur 57% of the time.
Price hits measure rule target 58% of the time.

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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 51 out of 60
Stock RS rank: 551 out of 572
9/9/21 close: $25.50
1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $24.14 or 5.3% below the close.
Change YTD: -9.89%
Volume: 33,200 shares. 3 month avg: 31,645 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 08/20/2021 to 09/09/2021
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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PICO Holdings (PICO)
Industry: Diversified Co.
Industry RS rank: 45 out of 60
Stock RS rank: 96 out of 572
9/9/21 close: $12.56
1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $14.42 or 14.8% above the close.
Change YTD: 34.33%
Volume: 163,300 shares. 3 month avg: 140,617 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: Horn top reversal pattern from 08/16/2021 to 08/30/2021
Breakout is downward 100% of the time.
Average decline: 21%.
Break-even failure rate: 7%.
Pullbacks occur 33% of the time.
Price hits measure rule target 70% of the time.

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Reinsurance Group of America (RGA)
Industry: Insurance (Life)
Industry RS rank: 49 out of 60
Stock RS rank: 465 out of 572
9/9/21 close: $116.99
1 Month avg volatility: $2.53. Volatility stop (for downward breakout): $123.42 or 5.5% above the close.
Change YTD: 0.94%
Volume: 429,500 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: Rectangle bottom continuation pattern from 08/16/2021 to 09/09/2021
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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Robert Half International (RHI)
Industry: Human Resources
Industry RS rank: 8 out of 60
Stock RS rank: 48 out of 572
9/9/21 close: $103.33
1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $99.32 or 3.9% below the close.
Change YTD: 65.38%
Volume: 476,700 shares. 3 month avg: 1,012,069 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: Rectangle top continuation pattern from 08/16/2021 to 09/09/2021
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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SAIA Inc (SAIA)
Industry: Trucking/Transp. Leasing
Industry RS rank: 40 out of 60
Stock RS rank: 246 out of 572
9/9/21 close: $238.88
1 Month avg volatility: $7.54. Volatility stop (for downward breakout): $257.73 or 7.9% above the close.
Change YTD: 32.12%
Volume: 167,200 shares. 3 month avg: 163,825 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: Diamond top reversal pattern from 08/12/2021 to 09/07/2021
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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Sherwin-Williams Co (SHW)
Industry: Chemical (Basic)
Industry RS rank: 47 out of 60
Stock RS rank: 73 out of 572
9/9/21 close: $297.30
1 Month avg volatility: $4.32. Volatility stop (for downward breakout): $307.95 or 3.6% above the close.
Change YTD: 21.36%
Volume: 1,703,300 shares. 3 month avg: 564,294 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 top reversal pattern from 08/16/2021 to 09/03/2021
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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Steelcase (SCS)
Industry: Furn/Home Furnishings
Industry RS rank: 37 out of 60
Stock RS rank: 519 out of 572
9/9/21 close: $13.30
1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $12.66 or 4.8% below the close.
Change YTD: -1.85%
Volume: 655,800 shares. 3 month avg: 708,518 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: Broadening bottom reversal pattern from 08/02/2021 to 09/09/2021
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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Techne Corporation (TECH)
Industry: Biotechnology
Industry RS rank: 16 out of 60
Stock RS rank: 38 out of 572
9/9/21 close: $508.17
1 Month avg volatility: $10.84. Volatility stop (for upward breakout): $485.46 or 4.5% below the close.
Change YTD: 60.03%
Volume: 150,500 shares. 3 month avg: 150,611 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: Scallop, ascending continuation pattern from 08/05/2021 to 09/03/2021
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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Texas Instruments Inc. (TXN)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 18 out of 60
Stock RS rank: 210 out of 572
9/9/21 close: $188.47
1 Month avg volatility: $2.60. Volatility stop (for upward breakout): $183.06 or 2.9% below the close.
Change YTD: 14.83%
Volume: 1,808,200 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: Rectangle top continuation pattern from 05/25/2021 to 09/09/2021
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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