As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024
As of 04/19/2024
  Indus: 37,986 +211.02 +0.6%  
  Trans: 15,084 +136.79 +0.9%  
  Utils: 876 +15.31 +1.8%  
  Nasdaq: 15,282 -319.49 -2.0%  
  S&P 500: 4,967 -43.89 -0.9%  
YTD
 +0.8%  
-5.1%  
-0.7%  
 +1.8%  
 +4.1%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,150 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024

Patterns for the Weekend Details

Copyright © 2022 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

 

Weekly screen for chart patterns found in the last week. 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 Equity Investment Life Holding (AEL)
Industry: Insurance (Life)
Industry RS rank: 7 out of 60
Stock RS rank: 41 out of 567
2/3/22 close: $40.79
1 Month avg volatility: $1.44. Volatility stop (for downward breakout): $44.46 or 9.0% above the close.
Change YTD: 4.80%
Volume: 529,100 shares. 3 month avg: 625,883 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: Pipe top reversal pattern from 01/10/2022 to 01/18/2022
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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Apple Inc. (AAPL)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 34 out of 60
Stock RS rank: 78 out of 567
2/3/22 close: $172.90
1 Month avg volatility: $4.55. Volatility stop (for upward breakout): $163.01 or 5.7% below the close.
Change YTD: -2.63%
Volume: 86,927,700 shares. 3 month avg: 27,687,312 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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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Badger Meter Inc. (BMI)
Industry: Precision Instrument
Industry RS rank: 37 out of 60
Stock RS rank: 274 out of 567
2/3/22 close: $100.37
1 Month avg volatility: $3.54. Volatility stop (for upward breakout): $92.75 or 7.6% below the close.
Change YTD: -5.81%
Volume: 107,300 shares. 3 month avg: 149,246 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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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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: 55 out of 60
Stock RS rank: 558 out of 567
2/3/22 close: $15.88
1 Month avg volatility: $1.51. Volatility stop (for upward breakout): $12.50 or 21.3% below the close.
Change YTD: 8.92%
Volume: 6,406,900 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: Double Bottom, Adam and Adam reversal pattern from 01/11/2022 to 01/21/2022
WARNING: A dead-cat bounce occurred on 09/30/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 03/31/2022.
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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Boot Barn Holdings Inc (BOOT)
Industry: Shoe
Industry RS rank: 60 out of 60
Stock RS rank: 216 out of 567
2/3/22 close: $85.99
1 Month avg volatility: $6.66. Volatility stop (for downward breakout): $103.94 or 20.9% above the close.
Change YTD: -30.12%
Volume: 490,500 shares. 3 month avg: 434,749 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: Three Falling Peaks reversal pattern from 11/18/2021 to 12/30/2021
Breakout is downward 100% of the time.
Average decline: 17%.
Break-even failure rate: 12%.
Pullbacks occur 59% of the time.
Price hits measure rule target 33% of the time.

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Centene Corp (CNC)
Industry: Medical Services
Industry RS rank: 50 out of 60
Stock RS rank: 74 out of 567
2/3/22 close: $81.53
1 Month avg volatility: $2.33. Volatility stop (for upward breakout): $73.96 or 9.3% below the close.
Change YTD: -1.06%
Volume: 5,405,000 shares. 3 month avg: 1,816,006 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, Eve and Eve reversal pattern from 01/06/2022 to 01/26/2022
Breakout is upward 100% of the time.
Average rise: 40%.
Break-even failure rate: 4%.
Throwbacks occur 55% of the time.
Price hits measure rule target 67% of the time.

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Exelon Corp. (EXC)
Industry: Electric Utility (East)
Industry RS rank: 20 out of 60
Stock RS rank: 379 out of 567
2/3/22 close: $43.79
1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $46.47 or 6.1% above the close.
Change YTD: -24.19%
Volume: 25,554,800 shares. 3 month avg: 5,244,875 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: Dead-cat bounce continuation pattern from 02/02/2022 to 02/02/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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EZCorp Inc (EZPW)
Industry: Financial Services
Industry RS rank: 49 out of 60
Stock RS rank: 67 out of 567
2/3/22 close: $6.70
1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $5.80 or 13.5% below the close.
Change YTD: -9.09%
Volume: 501,100 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 Eve reversal pattern from 01/13/2022 to 01/28/2022
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Home Depot, Inc (HD)
Industry: Retail Building Supply
Industry RS rank: 10 out of 60
Stock RS rank: 130 out of 567
2/3/22 close: $364.81
1 Month avg volatility: $9.47. Volatility stop (for upward breakout): $344.25 or 5.6% below the close.
Change YTD: -12.10%
Volume: 3,658,300 shares. 3 month avg: 4,416,295 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 bottom reversal pattern from 01/18/2022 to 01/24/2022
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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Kohls Corporation (KSS)
Industry: Retail Store
Industry RS rank: 12 out of 60
Stock RS rank: 77 out of 567
2/3/22 close: $58.58
1 Month avg volatility: $2.57. Volatility stop (for upward breakout): $52.79 or 9.9% below the close.
Change YTD: 18.61%
Volume: 4,225,600 shares. 3 month avg: 4,163,043 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: Pipe bottom reversal pattern from 12/13/2021 to 12/20/2021
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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La-Z-Boy Inc (LZB)
Industry: Furn/Home Furnishings
Industry RS rank: 30 out of 60
Stock RS rank: 158 out of 567
2/3/22 close: $36.06
1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $33.41 or 7.4% below the close.
Change YTD: -0.69%
Volume: 460,600 shares. 3 month avg: 437,505 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 bottom reversal pattern from 01/24/2022 to 01/24/2022
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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Meta (Facebook) (FB)
Industry: E-Commerce
Industry RS rank: 57 out of 60
Stock RS rank: 549 out of 567
2/3/22 close: $237.76
1 Month avg volatility: $11.21. Volatility stop (for downward breakout): $270.42 or 13.7% above the close.
Change YTD: -29.31%
Volume: 186,059,100 shares. 3 month avg: 16,363,594 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: Dead-cat bounce continuation pattern from 02/03/2022 to 02/03/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Miller, Herman (MLKN)
Industry: Furn/Home Furnishings
Industry RS rank: 30 out of 60
Stock RS rank: 448 out of 567
2/3/22 close: $37.36
1 Month avg volatility: $1.55. Volatility stop (for upward breakout): $34.20 or 8.5% below the close.
Change YTD: -4.67%
Volume: 342,100 shares. 3 month avg: 361,806 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, symmetrical continuation pattern from 12/08/2021 to 02/03/2022
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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Morgan Stanley (MS)
Industry: Securities Brokerage
Industry RS rank: 15 out of 60
Stock RS rank: 169 out of 567
2/3/22 close: $102.29
1 Month avg volatility: $3.08. Volatility stop (for upward breakout): $95.96 or 6.2% below the close.
Change YTD: 4.21%
Volume: 5,974,200 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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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Old Republic International Corp (ORI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 8 out of 60
Stock RS rank: 157 out of 567
2/3/22 close: $26.23
1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $24.66 or 6.0% below the close.
Change YTD: 6.71%
Volume: 1,626,400 shares. 3 month avg: 1,253,378 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: Head-and-shoulders bottom reversal pattern from 12/01/2021 to 01/24/2022
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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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 3 out of 60
Stock RS rank: 19 out of 567
2/3/22 close: $10.44
1 Month avg volatility: $0.58. Volatility stop (for downward breakout): $11.68 or 11.9% above the close.
Change YTD: 23.55%
Volume: 1,778,300 shares. 3 month avg: 3,925,269 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: Roof, inverted reversal pattern from 01/11/2022 to 02/03/2022
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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Paypal Holdings, Inc (PYPL)
Industry: Financial Services
Industry RS rank: 49 out of 60
Stock RS rank: 562 out of 567
2/3/22 close: $124.30
1 Month avg volatility: $7.83. Volatility stop (for downward breakout): $147.11 or 18.4% above the close.
Change YTD: -34.09%
Volume: 51,454,500 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: Dead-cat bounce continuation pattern from 02/02/2022 to 02/02/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Procter and Gamble Co (PG)
Industry: Household Products
Industry RS rank: 9 out of 60
Stock RS rank: 99 out of 567
2/3/22 close: $164.14
1 Month avg volatility: $3.11. Volatility stop (for downward breakout): $171.19 or 4.3% above the close.
Change YTD: 0.34%
Volume: 10,075,600 shares. 3 month avg: 7,163,346 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: Roof, inverted reversal pattern from 12/29/2021 to 02/03/2022
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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Raymond James Financial, Inc. (RJF)
Industry: Securities Brokerage
Industry RS rank: 15 out of 60
Stock RS rank: 45 out of 567
2/3/22 close: $108.05
1 Month avg volatility: $3.35. Volatility stop (for upward breakout): $101.24 or 6.3% below the close.
Change YTD: 7.62%
Volume: 885,700 shares. 3 month avg: 692,654 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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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Southern Copper (SCCO)
Industry: Metals and Mining (Div.)
Industry RS rank: 26 out of 60
Stock RS rank: 308 out of 567
2/3/22 close: $63.18
1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $68.03 or 7.7% above the close.
Change YTD: 2.38%
Volume: 1,020,300 shares. 3 month avg: 1,021,280 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: Pipe top reversal pattern from 01/10/2022 to 01/18/2022
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.

Top

Stratasys Ltd (SSYS)
Industry: Electronics
Industry RS rank: 21 out of 60
Stock RS rank: 88 out of 567
2/3/22 close: $22.94
1 Month avg volatility: $1.64. Volatility stop (for upward breakout): $19.06 or 16.9% below the close.
Change YTD: -6.33%
Volume: 629,200 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 Monday.
 
Chart pattern: Broadening wedge, descending reversal pattern from 01/03/2022 to 02/02/2022
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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Surmodics, Inc (SRDX)
Industry: Medical Supplies
Industry RS rank: 54 out of 60
Stock RS rank: 536 out of 567
2/3/22 close: $40.68
1 Month avg volatility: $1.89. Volatility stop (for downward breakout): $46.20 or 13.6% above the close.
Change YTD: -15.51%
Volume: 166,000 shares. 3 month avg: 37,286 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: Dead-cat bounce continuation pattern from 02/03/2022 to 02/03/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Tapestry Inc (TPR)
Industry: Apparel
Industry RS rank: 52 out of 60
Stock RS rank: 436 out of 567
2/3/22 close: $38.33
1 Month avg volatility: $1.47. Volatility stop (for downward breakout): $42.83 or 11.7% above the close.
Change YTD: -5.59%
Volume: 3,074,400 shares. 3 month avg: 3,145,718 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: Three Falling Peaks reversal pattern from 11/22/2021 to 01/05/2022
Breakout is downward 100% of the time.
Average decline: 17%.
Break-even failure rate: 12%.
Pullbacks occur 59% of the time.
Price hits measure rule target 33% of the time.

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TJX Companies Inc (TJX)
Industry: Retail Store
Industry RS rank: 12 out of 60
Stock RS rank: 207 out of 567
2/3/22 close: $69.81
1 Month avg volatility: $2.09. Volatility stop (for upward breakout): $65.47 or 6.2% below the close.
Change YTD: -8.05%
Volume: 5,789,500 shares. 3 month avg: 4,406,445 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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.

Top

U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 26 out of 60
Stock RS rank: 217 out of 567
2/3/22 close: $9.62
1 Month avg volatility: $0.62. Volatility stop (for downward breakout): $11.28 or 17.3% above the close.
Change YTD: 2.34%
Volume: 618,800 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: Pipe top reversal pattern from 01/10/2022 to 01/18/2022
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.

Top

Valero Energy (VLO)
Industry: Petroleum (Integrated)
Industry RS rank: 2 out of 60
Stock RS rank: 38 out of 567
2/3/22 close: $85.09
1 Month avg volatility: $2.75. Volatility stop (for downward breakout): $92.13 or 8.3% above the close.
Change YTD: 13.29%
Volume: 3,117,800 shares. 3 month avg: 3,584,486 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: Pipe top reversal pattern from 10/18/2021 to 10/25/2021
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.

Top

Williams-Sonoma Inc. (WSM)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 55 out of 60
Stock RS rank: 212 out of 567
2/3/22 close: $161.57
1 Month avg volatility: $7.67. Volatility stop (for upward breakout): $145.32 or 10.1% below the close.
Change YTD: -4.47%
Volume: 654,600 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: Pipe bottom reversal pattern from 01/18/2022 to 01/24/2022
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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