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     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

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     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

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.

Industry: Apparel

Industry RS rank: 45 out of 60

Stock RS rank: 253 out of 566

2/24/22 close: $38.43

1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $42.13 or 9.6% above the close.

Change YTD: 10.34%

Volume: 1,745,200 shares. 3 month avg: 2,821,334 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: Double Top, Adam and Adam reversal pattern from 02/10/2022 to 02/16/2022

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.

Industry: IT Services

Industry RS rank: 36 out of 60

Stock RS rank: 282 out of 566

2/24/22 close: $316.17

1 Month avg volatility: $10.04. Volatility stop (for downward breakout): $336.66 or 6.5% above the close.

Change YTD: -23.73%

Volume: 3,726,000 shares. 3 month avg: 1,995,040 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 01/31/2022 to 02/07/2022

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.

Industry: Apparel

Industry RS rank: 45 out of 60

Stock RS rank: 538 out of 566

2/24/22 close: $20.92

1 Month avg volatility: $1.08. Volatility stop (for downward breakout): $23.12 or 10.5% above the close.

Change YTD: -17.38%

Volume: 4,128,300 shares. 3 month avg: 4,309,748 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: Double Top, Adam and Adam reversal pattern from 01/26/2022 to 02/10/2022

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.

Industry: Insurance (Life)

Industry RS rank: 14 out of 60

Stock RS rank: 70 out of 566

2/24/22 close: $37.32

1 Month avg volatility: $1.50. Volatility stop (for downward breakout): $40.51 or 8.6% above the close.

Change YTD: -4.11%

Volume: 726,500 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: Double Top, Eve and Adam reversal pattern from 01/14/2022 to 02/11/2022

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.

Industry: Electronics

Industry RS rank: 13 out of 60

Stock RS rank: 212 out of 566

2/24/22 close: $75.11

1 Month avg volatility: $2.19. Volatility stop (for downward breakout): $79.62 or 6.0% above the close.

Change YTD: -14.12%

Volume: 3,194,200 shares. 3 month avg: 1,207,969 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: Triple top reversal pattern from 01/26/2022 to 02/09/2022

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.

Industry: Computer Software and Svcs

Industry RS rank: 51 out of 60

Stock RS rank: 540 out of 566

2/24/22 close: $218.18

1 Month avg volatility: $9.54. Volatility stop (for downward breakout): $237.42 or 8.8% above the close.

Change YTD: -22.41%

Volume: 4,361,300 shares. 3 month avg: 2,150,943 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 Top, Adam and Adam reversal pattern from 02/02/2022 to 02/09/2022

WARNING: A dead-cat bounce occurred on 11/24/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/25/2022.

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.

Industry: Biotechnology

Industry RS rank: 56 out of 60

Stock RS rank: 218 out of 566

2/24/22 close: $77.35

1 Month avg volatility: $3.07. Volatility stop (for downward breakout): $84.97 or 9.9% above the close.

Change YTD: -12.45%

Volume: 4,309,400 shares. 3 month avg: 1,330,032 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: Pipe top reversal pattern from 02/07/2022 to 02/14/2022

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.

Industry: Aerospace/Defense

Industry RS rank: 12 out of 60

Stock RS rank: 366 out of 566

2/24/22 close: $198.43

1 Month avg volatility: $7.70. Volatility stop (for downward breakout): $214.26 or 8.0% above the close.

Change YTD: -1.44%

Volume: 12,107,400 shares. 3 month avg: 3,332,308 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 02/07/2022 to 02/14/2022

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.

Industry: Chemical (Basic)

Industry RS rank: 19 out of 60

Stock RS rank: 420 out of 566

2/24/22 close: $137.21

1 Month avg volatility: $5.42. Volatility stop (for downward breakout): $148.31 or 8.1% above the close.

Change YTD: -18.36%

Volume: 1,660,400 shares. 3 month avg: 691,697 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: Double Top, Eve and Adam reversal pattern from 02/03/2022 to 02/10/2022

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.

Industry: Machinery

Industry RS rank: 42 out of 60

Stock RS rank: 211 out of 566

2/24/22 close: $43.52

1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $39.16 or 10.0% below the close.

Change YTD: -5.92%

Volume: 113,800 shares. 3 month avg: 120,960 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: Triangle, symmetrical continuation pattern from 02/04/2022 to 02/23/2022

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.

Industry: Shoe

Industry RS rank: 60 out of 60

Stock RS rank: 537 out of 566

2/24/22 close: $284.72

1 Month avg volatility: $14.52. Volatility stop (for downward breakout): $315.47 or 10.8% above the close.

Change YTD: -22.27%

Volume: 592,900 shares. 3 month avg: 637,325 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: Horn top reversal pattern from 01/31/2022 to 02/14/2022

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.

Industry: Natural Gas (Diversified)

Industry RS rank: 4 out of 60

Stock RS rank: 4 out of 566

2/24/22 close: $52.75

1 Month avg volatility: $2.69. Volatility stop (for upward breakout): $45.83 or 13.1% below the close.

Change YTD: 19.75%

Volume: 20,990,800 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: 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.

Industry: Electric Utility (East)

Industry RS rank: 26 out of 60

Stock RS rank: 222 out of 566

2/24/22 close: $77.16

1 Month avg volatility: $1.60. Volatility stop (for downward breakout): $81.03 or 5.0% above the close.

Change YTD: -1.78%

Volume: 4,117,500 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: Head-and-shoulders top reversal pattern from 01/21/2022 to 02/22/2022

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: IT Services

Industry RS rank: 36 out of 60

Stock RS rank: 161 out of 566

2/24/22 close: $472.45

1 Month avg volatility: $18.75. Volatility stop (for downward breakout): $510.90 or 8.1% above the close.

Change YTD: 8.94%

Volume: 259,400 shares. 3 month avg: 162,437 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 02/07/2022 to 02/14/2022

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.

Industry: Computer Software and Svcs

Industry RS rank: 51 out of 60

Stock RS rank: 551 out of 566

2/24/22 close: $107.09

1 Month avg volatility: $7.54. Volatility stop (for downward breakout): $125.45 or 17.1% above the close.

Change YTD: -22.01%

Volume: 4,025,400 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 02/07/2022 to 02/14/2022

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.

Industry: Chemical (Basic)

Industry RS rank: 19 out of 60

Stock RS rank: 51 out of 566

2/24/22 close: $114.90

1 Month avg volatility: $3.12. Volatility stop (for downward breakout): $121.45 or 5.7% above the close.

Change YTD: 4.56%

Volume: 941,200 shares. 3 month avg: 1,151,138 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: Double Top, Eve and Eve reversal pattern from 02/10/2022 to 02/18/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Food Processing

Industry RS rank: 7 out of 60

Stock RS rank: 484 out of 566

2/24/22 close: $25.38

1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $27.65 or 8.9% above the close.

Change YTD: -8.04%

Volume: 182,100 shares. 3 month avg: 288,512 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, Eve and Eve reversal pattern from 01/10/2022 to 02/17/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 51 out of 60

Stock RS rank: 464 out of 566

2/24/22 close: $135.47

1 Month avg volatility: $4.70. Volatility stop (for downward breakout): $145.08 or 7.1% above the close.

Change YTD: 0.21%

Volume: 3,648,400 shares. 3 month avg: 1,112,569 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: Triple top reversal pattern from 01/06/2022 to 02/10/2022

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.

Industry: Internet

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 30 out of 60

Stock RS rank: 305 out of 566

2/24/22 close: $2,653.82

1 Month avg volatility: $86.29. Volatility stop (for downward breakout): $2,832.57 or 6.7% above the close.

Change YTD: -8.40%

Volume: 2,699,300 shares. 3 month avg: 1,574,874 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: Pipe top reversal pattern from 01/31/2022 to 02/07/2022

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.

Industry: Diversified Co.

Industry RS rank: 49 out of 60

Stock RS rank: 554 out of 566

2/24/22 close: $11.02

1 Month avg volatility: $0.72. Volatility stop (for downward breakout): $16.22 or 47.2% above the close.

Change YTD: -34.05%

Volume: 2,430,500 shares. 3 month avg: 523,465 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: Dead-cat bounce continuation pattern from 02/24/2022 to 02/24/2022

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Toiletries/Cosmetics

Industry RS rank: 38 out of 60

Stock RS rank: 50 out of 566

2/24/22 close: $91.47

1 Month avg volatility: $2.85. Volatility stop (for downward breakout): $97.33 or 6.4% above the close.

Change YTD: -14.43%

Volume: 90,300 shares. 3 month avg: 72,294 shares.

This security may be thinly traded (less than 100k 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: Double Top, Eve and Adam reversal pattern from 02/01/2022 to 02/09/2022

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.

Industry: Retail Store

Industry RS rank: 24 out of 60

Stock RS rank: 314 out of 566

2/24/22 close: $55.67

1 Month avg volatility: $2.15. Volatility stop (for downward breakout): $60.11 or 8.0% above the close.

Change YTD: 12.72%

Volume: 2,992,400 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: Horn top reversal pattern from 01/24/2022 to 02/07/2022

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.

Industry: Retail Store

Industry RS rank: 24 out of 60

Stock RS rank: 131 out of 566

2/24/22 close: $25.15

1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $28.21 or 12.2% above the close.

Change YTD: -3.93%

Volume: 20,783,900 shares. 3 month avg: 14,056,392 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: Triple top reversal pattern from 01/25/2022 to 02/22/2022

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.

Industry: Cement and Aggregates

Industry RS rank: 33 out of 60

Stock RS rank: 266 out of 566

2/24/22 close: $369.07

1 Month avg volatility: $13.07. Volatility stop (for downward breakout): $396.01 or 7.3% above the close.

Change YTD: -16.22%

Volume: 562,500 shares. 3 month avg: 575,872 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: Head-and-shoulders top reversal pattern from 02/01/2022 to 02/17/2022

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Computers and Peripherals

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 55 out of 60

Stock RS rank: 255 out of 566

2/24/22 close: $79.29

1 Month avg volatility: $2.82. Volatility stop (for downward breakout): $85.00 or 7.2% above the close.

Change YTD: -13.81%

Volume: 6,420,100 shares. 3 month avg: 2,986,022 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 Top, Adam and Eve reversal pattern from 02/09/2022 to 02/18/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Electric Utility (East)

Industry RS rank: 26 out of 60

Stock RS rank: 242 out of 566

2/24/22 close: $62.32

1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $66.08 or 6.0% above the close.

Change YTD: -6.61%

Volume: 4,986,100 shares. 3 month avg: 3,334,326 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, Eve and Eve reversal pattern from 01/07/2022 to 02/09/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Telecom. Equipment

Industry RS rank: 10 out of 60

Stock RS rank: 65 out of 566

2/24/22 close: $167.98

1 Month avg volatility: $7.89. Volatility stop (for downward breakout): $184.14 or 9.6% above the close.

Change YTD: -8.14%

Volume: 12,529,100 shares. 3 month avg: 12,234,022 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 01/31/2022 to 02/07/2022

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.

Industry: Human Resources

Industry RS rank: 21 out of 60

Stock RS rank: 82 out of 566

2/24/22 close: $116.88

1 Month avg volatility: $3.43. Volatility stop (for downward breakout): $123.85 or 6.0% above the close.

Change YTD: 4.81%

Volume: 1,099,500 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: Pipe top reversal pattern from 02/07/2022 to 02/14/2022

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.

Industry: Shoe

Industry RS rank: 60 out of 60

Stock RS rank: 482 out of 566

2/24/22 close: $38.88

1 Month avg volatility: $1.81. Volatility stop (for downward breakout): $42.79 or 10.1% above the close.

Change YTD: -2.31%

Volume: 35,200 shares. 3 month avg: 41,775 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: Horn top reversal pattern from 01/24/2022 to 02/07/2022

WARNING: A dead-cat bounce occurred on 11/03/2021. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/04/2022.

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.

Industry: Securities Brokerage

Industry RS rank: 31 out of 60

Stock RS rank: 99 out of 566

2/24/22 close: $82.27

1 Month avg volatility: $2.93. Volatility stop (for downward breakout): $88.44 or 7.5% above the close.

Change YTD: -2.18%

Volume: 10,572,100 shares. 3 month avg: 6,527,123 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: Double Top, Adam and Adam reversal pattern from 01/14/2022 to 02/09/2022

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.

Industry: Cement and Aggregates

Industry RS rank: 33 out of 60

Stock RS rank: 354 out of 566

2/24/22 close: $31.28

1 Month avg volatility: $1.33. Volatility stop (for upward breakout): $26.39 or 15.6% below the close.

Change YTD: -22.07%

Volume: 2,055,200 shares. 3 month avg: 1,204,178 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: Broadening bottom reversal pattern from 01/28/2022 to 02/16/2022

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.

Industry: Furn/Home Furnishings

Industry RS rank: 47 out of 60

Stock RS rank: 527 out of 566

2/24/22 close: $32.79

1 Month avg volatility: $1.59. Volatility stop (for downward breakout): $36.08 or 10.1% above the close.

Change YTD: -30.28%

Volume: 5,500,700 shares. 3 month avg: 985,960 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: Dead-cat bounce continuation pattern from 02/22/2022 to 02/22/2022

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Drug

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 52 out of 60

Stock RS rank: 454 out of 566

2/24/22 close: $7.93

1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $8.55 or 7.8% above the close.

Change YTD: -1.00%

Volume: 10,520,200 shares. 3 month avg: 26,334,894 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: Double Top, Eve and Adam reversal pattern from 01/14/2022 to 02/09/2022

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.

Industry: Cement and Aggregates

Industry RS rank: 33 out of 60

Stock RS rank: 303 out of 566

2/24/22 close: $177.15

1 Month avg volatility: $5.85. Volatility stop (for downward breakout): $189.51 or 7.0% above the close.

Change YTD: -14.66%

Volume: 1,006,300 shares. 3 month avg: 819,125 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 02/01/2022 to 02/17/2022

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.

Industry: Electric Utility (West)

Industry RS rank: 22 out of 60

Stock RS rank: 281 out of 566

2/24/22 close: $64.83

1 Month avg volatility: $1.44. Volatility stop (for downward breakout): $68.40 or 5.5% above the close.

Change YTD: -4.24%

Volume: 4,314,000 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: Double Top, Eve and Eve reversal pattern from 01/10/2022 to 02/03/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.