As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22
As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22

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.
 
Abercrombie and Fitch Co. (ANF)
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.

Top

Accenture plc (ACN)
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.

Top

American Eagle Outfitters Inc. (AEO)
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.

Top

American Equity Investment Life Holding (AEL)
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.

Top

Amphenol Corp (APH)
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.

Top

Autodesk Inc (ADSK)
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.

Top

BioMarin Pharmaceutical Inc (BMRN)
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.

Top

Boeing Company, The (BA)
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.

Top

Celanese Corp (CE)
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.

Top

Columbus McKinnon (CMCO)
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.

Top

Deckers Outdoor Corp (DECK)
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.

Top

Devon Energy Corp. (DVN)
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.

Top

Dominion Resources Inc. (D)
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.

Top

Fair Isaac Corp (FICO)
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.

Top

Five9 Inc (FIVN)
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.

Top

FMC Corp. (FMC)
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.

Top

Fresh Del Monte Produce (FDP)
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.

Top

Global Payments Inc (GPN)
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.

Top

Google (GOOGL)
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.

Top

Harsco Corp (HSC)
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%.

Top

Inter Parfums Inc. (IPAR)
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.

Top

Kohls Corporation (KSS)
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.

Top

Macys, Inc (M)
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.

Top

Martin Marietta Materials, Inc (MLM)
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.

Top

Network Appliance (NTAP)
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.

Top

Public Service Enterprise Group PEG (PEG)
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.

Top

Qualcomm Inc. (QCOM)
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.

Top

Robert Half International (RHI)
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.

Top

Rocky Brands Inc (RCKY)
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.

Top

Schwab, Charles Corporation (SCHW)
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.

Top

Summit Materials Inc (SUM)
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.

Top

Tempur-pedic Intl (TPX)
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%.

Top

Teva Pharmaceutical Industries (TEVA)
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.

Top

Vulcan Materials (VMC)
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.

Top

Xcel Energy, Inc (XEL)
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.

Top

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notices: "As an Amazon Associate I earn from qualifying purchases." Paid links).

My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy

Copyright © 2005-2022 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Links Privacy/Disclaimer