As of 04/18/2024
  Indus: 37,775 +22.07 +0.1%  
  Trans: 14,947 -39.62 -0.3%  
  Utils: 860 +6.95 +0.8%  
  Nasdaq: 15,602 -81.87 -0.5%  
  S&P 500: 5,011 -11.09 -0.2%  
YTD
 +0.2%  
-6.0%  
-2.4%  
 +3.9%  
 +5.1%  
  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 04/18/2024
  Indus: 37,775 +22.07 +0.1%  
  Trans: 14,947 -39.62 -0.3%  
  Utils: 860 +6.95 +0.8%  
  Nasdaq: 15,602 -81.87 -0.5%  
  S&P 500: 5,011 -11.09 -0.2%  
YTD
 +0.2%  
-6.0%  
-2.4%  
 +3.9%  
 +5.1%  
  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.
 
ACI Worldwide (ACIW)
Industry: IT Services
Industry RS rank: 44 out of 60
Stock RS rank: 430 out of 565
5/12/22 close: $25.29
1 Month avg volatility: $1.04. Volatility stop (for downward breakout): $27.47 or 8.6% above the close.
Change YTD: -27.12%
Volume: 748,200 shares. 3 month avg: 464,565 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 04/21/2022 to 05/05/2022
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.

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Air Products and Chemicals, Inc. (APD)
Industry: Chemical (Diversified)
Industry RS rank: 22 out of 60
Stock RS rank: 424 out of 565
5/12/22 close: $231.41
1 Month avg volatility: $7.23. Volatility stop (for upward breakout): $212.93 or 8.0% below the close.
Change YTD: -23.94%
Volume: 1,262,100 shares. 3 month avg: 1,051,743 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: Broadening top, right-angled and descending continuation pattern from 03/29/2022 to 05/05/2022
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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American Equity Investment Life Holding (AEL)
Industry: Insurance (Life)
Industry RS rank: 15 out of 60
Stock RS rank: 208 out of 565
5/12/22 close: $33.67
1 Month avg volatility: $1.40. Volatility stop (for downward breakout): $37.03 or 10.0% above the close.
Change YTD: -13.49%
Volume: 805,300 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, Adam and Adam reversal pattern from 03/29/2022 to 04/21/2022
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.

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American Express Co (AXP)
Industry: Financial Services
Industry RS rank: 39 out of 60
Stock RS rank: 294 out of 565
5/12/22 close: $153.27
1 Month avg volatility: $5.62. Volatility stop (for downward breakout): $168.39 or 9.9% above the close.
Change YTD: -6.31%
Volume: 5,003,200 shares. 3 month avg: 3,419,958 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 03/22/2022 to 04/21/2022
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.

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Ashland Inc. (ASH)
Industry: Chemical (Basic)
Industry RS rank: 18 out of 60
Stock RS rank: 173 out of 565
5/12/22 close: $96.52
1 Month avg volatility: $3.19. Volatility stop (for downward breakout): $104.71 or 8.5% above the close.
Change YTD: -10.35%
Volume: 266,300 shares. 3 month avg: 610,854 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: Three Falling Peaks reversal pattern from 04/20/2022 to 05/04/2022
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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Berry Global Group Inc (BERY)
Industry: Packaging and Container
Industry RS rank: 20 out of 60
Stock RS rank: 375 out of 565
5/12/22 close: $52.69
1 Month avg volatility: $1.96. Volatility stop (for downward breakout): $57.79 or 9.7% above the close.
Change YTD: -28.58%
Volume: 1,566,500 shares. 3 month avg: 894,866 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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BioMarin Pharmaceutical Inc (BMRN)
Industry: Biotechnology
Industry RS rank: 34 out of 60
Stock RS rank: 194 out of 565
5/12/22 close: $76.38
1 Month avg volatility: $2.61. Volatility stop (for downward breakout): $81.68 or 6.9% above the close.
Change YTD: -13.55%
Volume: 1,607,400 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 04/04/2022 to 04/11/2022
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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Boot Barn Holdings Inc (BOOT)
Industry: Shoe
Industry RS rank: 60 out of 60
Stock RS rank: 420 out of 565
5/12/22 close: $86.96
1 Month avg volatility: $5.11. Volatility stop (for downward breakout): $99.57 or 14.5% above the close.
Change YTD: -29.33%
Volume: 899,900 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 03/18/2022 to 05/04/2022
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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Brady Corp (BRC)
Industry: Chemical (Diversified)
Industry RS rank: 22 out of 60
Stock RS rank: 357 out of 565
5/12/22 close: $43.71
1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $46.42 or 6.2% above the close.
Change YTD: -18.91%
Volume: 225,600 shares. 3 month avg: 204,463 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 03/30/2022 to 05/04/2022
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.

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Build-A-Bear Workshop Inc (BBW)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 59 out of 60
Stock RS rank: 103 out of 565
5/12/22 close: $17.99
1 Month avg volatility: $1.06. Volatility stop (for downward breakout): $20.50 or 14.0% above the close.
Change YTD: -7.84%
Volume: 262,300 shares. 3 month avg: 99,982 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Horn top reversal pattern from 04/18/2022 to 05/02/2022
WARNING: A dead-cat bounce occurred on 03/10/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/09/2022 and a 38% chance by 09/08/2022.
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.

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CACI International (CACI)
Industry: IT Services
Industry RS rank: 44 out of 60
Stock RS rank: 236 out of 565
5/12/22 close: $256.48
1 Month avg volatility: $7.46. Volatility stop (for downward breakout): $272.77 or 6.4% above the close.
Change YTD: -4.73%
Volume: 263,800 shares. 3 month avg: 131,971 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 top reversal pattern from 03/07/2022 to 04/07/2022
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.

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Clean Energy Fuels Corp. (CLNE)
Industry: Natural Gas (Distributor)
Industry RS rank: 5 out of 60
Stock RS rank: 541 out of 565
5/12/22 close: $4.40
1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $5.30 or 20.5% above the close.
Change YTD: -28.22%
Volume: 4,792,800 shares. 3 month avg: 1,021,160 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Dead-cat bounce continuation pattern from 05/06/2022 to 05/06/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Discover Financial Services (DFS)
Industry: Financial Services
Industry RS rank: 39 out of 60
Stock RS rank: 277 out of 565
5/12/22 close: $101.35
1 Month avg volatility: $4.43. Volatility stop (for downward breakout): $112.15 or 10.7% above the close.
Change YTD: -12.30%
Volume: 2,010,300 shares. 3 month avg: 2,443,809 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: Double Top, Adam and Adam reversal pattern from 04/20/2022 to 05/04/2022
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.

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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 50 out of 60
5/12/22 close: $14,320.27
1 Month avg volatility: $397.40. Volatility stop (for downward breakout): $15,162.54 or 5.9% above the close.
Change YTD: -13.10%
Volume: 137,657,800 shares. 3 month avg: 131,678,449 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, Adam and Adam reversal pattern from 04/21/2022 to 05/04/2022
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.

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FactSet Research Systems Inc (FDS)
Industry: Information Services
Industry RS rank: 42 out of 60
Stock RS rank: 335 out of 565
5/12/22 close: $366.42
1 Month avg volatility: $11.25. Volatility stop (for downward breakout): $392.06 or 7.0% above the close.
Change YTD: -24.61%
Volume: 246,500 shares. 3 month avg: 411,949 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 top reversal pattern from 03/29/2022 to 04/21/2022
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.

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Fiserv, Inc (FISV)
Industry: IT Services
Industry RS rank: 44 out of 60
Stock RS rank: 197 out of 565
5/12/22 close: $93.55
1 Month avg volatility: $3.10. Volatility stop (for downward breakout): $99.83 or 6.7% above the close.
Change YTD: -9.87%
Volume: 3,289,500 shares. 3 month avg: 915,811 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 04/05/2022 to 04/28/2022
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.

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GoPro (GPRO)
Industry: Electronics
Industry RS rank: 29 out of 60
Stock RS rank: 466 out of 565
5/12/22 close: $6.67
1 Month avg volatility: $0.45. Volatility stop (for downward breakout): $7.69 or 15.4% above the close.
Change YTD: -35.31%
Volume: 3,341,400 shares. 3 month avg: 5,624,629 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022
WARNING: A dead-cat bounce occurred on 05/06/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/05/2022 and a 38% chance by 11/04/2022.
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.

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Griffon Corp (GFF)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 37 out of 60
Stock RS rank: 289 out of 565
5/12/22 close: $23.73
1 Month avg volatility: $0.94. Volatility stop (for upward breakout): $20.90 or 11.9% below the close.
Change YTD: -16.68%
Volume: 317,200 shares. 3 month avg: 83,558 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 Thursday.
 
Chart pattern: Pennant continuation pattern from 05/04/2022 to 05/12/2022
Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

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Guess Inc. (GES)
Industry: Apparel
Industry RS rank: 52 out of 60
Stock RS rank: 228 out of 565
5/12/22 close: $20.51
1 Month avg volatility: $1.04. Volatility stop (for downward breakout): $22.76 or 11.0% above the close.
Change YTD: -13.39%
Volume: 887,500 shares. 3 month avg: 1,269,442 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: Head-and-shoulders top reversal pattern from 03/29/2022 to 05/04/2022
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.

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Honeywell International Inc (HON)
Industry: Aerospace/Defense
Industry RS rank: 11 out of 60
Stock RS rank: 280 out of 565
5/12/22 close: $192.92
1 Month avg volatility: $4.99. Volatility stop (for downward breakout): $204.73 or 6.1% above the close.
Change YTD: -7.48%
Volume: 3,935,600 shares. 3 month avg: 2,744,942 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: Broadening top reversal pattern from 03/23/2022 to 04/29/2022
Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

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Integer Holdings Corp (ITGR)
Industry: Electronics
Industry RS rank: 29 out of 60
Stock RS rank: 364 out of 565
5/12/22 close: $70.96
1 Month avg volatility: $3.24. Volatility stop (for downward breakout): $78.42 or 10.5% above the close.
Change YTD: -17.09%
Volume: 151,800 shares. 3 month avg: 128,783 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 12/29/2021 to 04/20/2022
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.

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Kellogg Co (K)
Industry: Food Processing
Industry RS rank: 6 out of 60
Stock RS rank: 70 out of 565
5/12/22 close: $72.92
1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $69.59 or 4.6% below the close.
Change YTD: 13.19%
Volume: 3,048,100 shares. 3 month avg: 3,593,774 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Ugly double bottom reversal pattern from 03/14/2022 to 05/03/2022
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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L3Harris Technologies (LHX)
Industry: Aerospace/Defense
Industry RS rank: 11 out of 60
Stock RS rank: 121 out of 565
5/12/22 close: $235.56
1 Month avg volatility: $6.88. Volatility stop (for downward breakout): $253.78 or 7.7% above the close.
Change YTD: 10.47%
Volume: 1,430,800 shares. 3 month avg: 1,674,089 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 02/28/2022 to 03/07/2022
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.

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Lam Research Corp (LRCX)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 49 out of 60
Stock RS rank: 402 out of 565
5/12/22 close: $460.43
1 Month avg volatility: $20.97. Volatility stop (for downward breakout): $504.01 or 9.5% above the close.
Change YTD: -35.98%
Volume: 1,541,200 shares. 3 month avg: 2,565,394 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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MACOM Technology Solutions Holdings (MTSI)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 51 out of 60
Stock RS rank: 463 out of 565
5/12/22 close: $49.47
1 Month avg volatility: $2.37. Volatility stop (for downward breakout): $54.31 or 9.8% above the close.
Change YTD: -36.82%
Volume: 437,600 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: Triple top reversal pattern from 04/20/2022 to 05/04/2022
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.

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National Fuel Gas (NFG)
Industry: Natural Gas (Diversified)
Industry RS rank: 3 out of 60
Stock RS rank: 72 out of 565
5/12/22 close: $67.58
1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $71.71 or 6.1% above the close.
Change YTD: 5.69%
Volume: 449,400 shares. 3 month avg: 355,354 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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Nike Inc (NKE)
Industry: Shoe
Industry RS rank: 60 out of 60
Stock RS rank: 492 out of 565
5/12/22 close: $107.90
1 Month avg volatility: $4.67. Volatility stop (for downward breakout): $119.21 or 10.5% above the close.
Change YTD: -35.26%
Volume: 10,234,200 shares. 3 month avg: 10,538,462 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: Triple top reversal pattern from 03/22/2022 to 04/21/2022
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.

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Northrop Grumman Corp (NOC)
Industry: Aerospace/Defense
Industry RS rank: 11 out of 60
Stock RS rank: 43 out of 565
5/12/22 close: $450.78
1 Month avg volatility: $11.84. Volatility stop (for upward breakout): $419.02 or 7.1% below the close.
Change YTD: 16.46%
Volume: 925,300 shares. 3 month avg: 756,831 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: Triangle, symmetrical continuation pattern from 03/07/2022 to 05/12/2022
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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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 37 out of 60
Stock RS rank: 132 out of 565
5/12/22 close: $29.71
1 Month avg volatility: $1.16. Volatility stop (for upward breakout): $26.50 or 10.8% below the close.
Change YTD: -6.57%
Volume: 43,600 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: Ugly double bottom reversal pattern from 04/07/2022 to 05/06/2022
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Palto Alto Networks Inc (PANW)
Industry: Computer Software and Svcs
Industry RS rank: 55 out of 60
Stock RS rank: 178 out of 565
5/12/22 close: $478.51
1 Month avg volatility: $27.99. Volatility stop (for downward breakout): $544.65 or 13.8% above the close.
Change YTD: -14.05%
Volume: 1,941,200 shares. 3 month avg: 1,496,697 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 03/31/2022 to 04/20/2022
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.

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Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 27 out of 60
Stock RS rank: 319 out of 565
5/12/22 close: $65.21
1 Month avg volatility: $2.73. Volatility stop (for upward breakout): $57.74 or 11.5% below the close.
Change YTD: -19.18%
Volume: 171,900 shares. 3 month avg: 94,083 shares.
This security may be thinly traded (less than 100k 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: Ugly double bottom reversal pattern from 04/07/2022 to 04/27/2022
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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PPG Industries Inc (PPG)
Industry: Chemical (Diversified)
Industry RS rank: 22 out of 60
Stock RS rank: 392 out of 565
5/12/22 close: $123.32
1 Month avg volatility: $4.61. Volatility stop (for downward breakout): $134.68 or 9.2% above the close.
Change YTD: -28.49%
Volume: 1,306,700 shares. 3 month avg: 1,342,054 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: Triple top reversal pattern from 03/29/2022 to 05/04/2022
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.

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Quaker Chemical (KWR)
Industry: Chemical (Specialty)
Industry RS rank: 33 out of 60
Stock RS rank: 535 out of 565
5/12/22 close: $147.04
1 Month avg volatility: $7.26. Volatility stop (for downward breakout): $162.82 or 10.7% above the close.
Change YTD: -36.29%
Volume: 131,900 shares. 3 month avg: 69,343 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 Monday.
 
Chart pattern: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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Rambus Inc (RMBS)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 49 out of 60
Stock RS rank: 161 out of 565
5/12/22 close: $23.73
1 Month avg volatility: $1.08. Volatility stop (for downward breakout): $26.18 or 10.3% above the close.
Change YTD: -19.26%
Volume: 599,900 shares. 3 month avg: 669,732 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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Regis Corp (RGS)
Industry: Toiletries/Cosmetics
Industry RS rank: 45 out of 60
Stock RS rank: 559 out of 565
5/12/22 close: $0.92
1 Month avg volatility: $0.14. Volatility stop (for downward breakout): $1.24 or 35.1% above the close.
Change YTD: -47.11%
Volume: 1,121,600 shares. 3 month avg: 193,511 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 05/10/2022 to 05/10/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Revlon Inc (REV)
Industry: Toiletries/Cosmetics
Industry RS rank: 45 out of 60
Stock RS rank: 557 out of 565
5/12/22 close: $4.84
1 Month avg volatility: $0.52. Volatility stop (for downward breakout): $5.98 or 23.6% above the close.
Change YTD: -57.32%
Volume: 212,400 shares. 3 month avg: 238,602 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 05/10/2022 to 05/10/2022
Breakout is downward 67% of the time.
Average decline: 18%.

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Silgan Holdings Inc (SLGN)
Industry: Packaging and Container
Industry RS rank: 20 out of 60
Stock RS rank: 124 out of 565
5/12/22 close: $43.36
1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $46.34 or 6.9% above the close.
Change YTD: 1.21%
Volume: 414,000 shares. 3 month avg: 499,285 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: Triple top reversal pattern from 03/22/2022 to 04/21/2022
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.

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Summit Materials Inc (SUM)
Industry: Cement and Aggregates
Industry RS rank: 40 out of 60
Stock RS rank: 486 out of 565
5/12/22 close: $25.56
1 Month avg volatility: $1.33. Volatility stop (for downward breakout): $28.23 or 10.5% above the close.
Change YTD: -36.32%
Volume: 1,024,000 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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Textron Inc (TXT)
Industry: Diversified Co.
Industry RS rank: 48 out of 60
Stock RS rank: 327 out of 565
5/12/22 close: $61.95
1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $67.72 or 9.3% above the close.
Change YTD: -19.75%
Volume: 2,179,800 shares. 3 month avg: 1,461,508 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: Triple top reversal pattern from 04/21/2022 to 05/04/2022
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.

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TJX Companies Inc (TJX)
Industry: Retail Store
Industry RS rank: 19 out of 60
Stock RS rank: 340 out of 565
5/12/22 close: $56.00
1 Month avg volatility: $2.09. Volatility stop (for downward breakout): $60.47 or 8.0% above the close.
Change YTD: -26.24%
Volume: 8,503,300 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: Head-and-shoulders top reversal pattern from 03/29/2022 to 05/04/2022
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.

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U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 16 out of 60
Stock RS rank: 15 out of 565
5/12/22 close: $15.57
1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $18.92 or 21.5% above the close.
Change YTD: 65.64%
Volume: 1,498,700 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: Head-and-shoulders top reversal pattern from 04/05/2022 to 05/05/2022
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.

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Vulcan Materials (VMC)
Industry: Cement and Aggregates
Industry RS rank: 40 out of 60
Stock RS rank: 322 out of 565
5/12/22 close: $165.11
1 Month avg volatility: $6.48. Volatility stop (for downward breakout): $178.24 or 8.0% above the close.
Change YTD: -20.46%
Volume: 1,417,600 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: Horn top reversal pattern from 04/18/2022 to 05/02/2022
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.

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