As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

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.
 
Accelerate Diagnostics Inc (AXDX)
Industry: Medical Services
Industry RS rank: 16 out of 60
Stock RS rank: 561 out of 562
6/23/22 close: $1.16
1 Month avg volatility: $0.16. Volatility stop (for upward breakout): $0.68 or 41.0% below the close.
Change YTD: -77.78%
Volume: 2,166,000 shares. 3 month avg: 533,922 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: Flag, high and tight continuation pattern from 05/20/2022 to 06/07/2022
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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American Woodmark Corp (AMWD)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 44 out of 60
Stock RS rank: 442 out of 562
6/23/22 close: $42.95
1 Month avg volatility: $2.28. Volatility stop (for downward breakout): $47.58 or 10.8% above the close.
Change YTD: -34.13%
Volume: 152,100 shares. 3 month avg: 141,992 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: Horn top reversal pattern from 05/23/2022 to 06/06/2022
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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Anika Therapeutics Inc (ANIK)
Industry: Biotechnology
Industry RS rank: 23 out of 60
Stock RS rank: 503 out of 562
6/23/22 close: $23.50
1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $21.03 or 10.5% below the close.
Change YTD: -34.41%
Volume: 237,000 shares. 3 month avg: 71,871 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 Tuesday.
 
Chart pattern: Big W reversal pattern from 05/06/2022 to 06/13/2022
Breakout is upward 71% of the time.
Average rise: 31%.
Break-even failure rate: 11%.
Throwbacks occur 32% of the time.
Price hits measure rule target 42% of the time.

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Beacon Roofing Supply Inc. (BECN)
Industry: Retail Building Supply
Industry RS rank: 46 out of 60
Stock RS rank: 218 out of 562
6/23/22 close: $49.50
1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $54.01 or 9.1% above the close.
Change YTD: -13.69%
Volume: 661,600 shares. 3 month avg: 811,195 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 05/06/2022 to 06/07/2022
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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Biogen Idec (BIIB)
Industry: Biotechnology
Industry RS rank: 23 out of 60
Stock RS rank: 206 out of 562
6/23/22 close: $211.38
1 Month avg volatility: $5.67. Volatility stop (for upward breakout): $196.37 or 7.1% below the close.
Change YTD: -11.90%
Volume: 857,200 shares. 3 month avg: 1,244,726 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: Double Bottom, Eve and Eve reversal pattern from 05/09/2022 to 06/16/2022
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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Coty (COTY)
Industry: Toiletries/Cosmetics
Industry RS rank: 52 out of 60
Stock RS rank: 414 out of 562
6/23/22 close: $7.50
1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $6.69 or 10.8% below the close.
Change YTD: -28.57%
Volume: 8,604,500 shares. 3 month avg: 5,764,371 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: Ugly double bottom reversal pattern from 05/25/2022 to 06/13/2022
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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Dilliards Inc (DDS)
Industry: Retail Store
Industry RS rank: 24 out of 60
Stock RS rank: 162 out of 562
6/23/22 close: $243.82
1 Month avg volatility: $16.04. Volatility stop (for downward breakout): $293.76 or 20.5% above the close.
Change YTD: -0.49%
Volume: 275,400 shares. 3 month avg: 658,302 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Pipe top reversal pattern from 05/31/2022 to 06/06/2022
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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FedEx (FDX)
Industry: Air Transport
Industry RS rank: 19 out of 60
Stock RS rank: 194 out of 562
6/23/22 close: $228.13
1 Month avg volatility: $7.09. Volatility stop (for upward breakout): $210.19 or 7.9% below the close.
Change YTD: -11.80%
Volume: 3,904,500 shares. 3 month avg: 1,372,055 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: Three Rising Valleys reversal pattern from 05/02/2022 to 06/13/2022
Breakout is upward 100% of the time.
Average rise: 41%.
Break-even failure rate: 5%.
Throwbacks occur 60% of the time.
Price hits measure rule target 58% of the time.

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Fresh Del Monte Produce (FDP)
Industry: Food Processing
Industry RS rank: 7 out of 60
Stock RS rank: 149 out of 562
6/23/22 close: $26.00
1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $22.85 or 12.1% below the close.
Change YTD: -5.80%
Volume: 793,800 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 Bottom, Adam and Adam reversal pattern from 05/24/2022 to 06/17/2022
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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Genworth Financial Inc (GNW)
Industry: Insurance (Life)
Industry RS rank: 14 out of 60
Stock RS rank: 270 out of 562
6/23/22 close: $3.48
1 Month avg volatility: $0.12. Volatility stop (for downward breakout): $3.78 or 8.5% above the close.
Change YTD: -14.07%
Volume: 3,265,400 shares. 3 month avg: 4,022,160 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: Triple top reversal pattern from 05/05/2022 to 05/27/2022
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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Hanover Insurance Group, The (THG)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 8 out of 60
Stock RS rank: 74 out of 562
6/23/22 close: $141.23
1 Month avg volatility: $2.83. Volatility stop (for downward breakout): $148.02 or 4.8% above the close.
Change YTD: 7.76%
Volume: 227,800 shares. 3 month avg: 201,215 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 05/17/2022 to 06/08/2022
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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Hershey Company, The (HSY)
Industry: Food Processing
Industry RS rank: 7 out of 60
Stock RS rank: 55 out of 562
6/23/22 close: $218.11
1 Month avg volatility: $4.35. Volatility stop (for upward breakout): $206.34 or 5.4% below the close.
Change YTD: 12.74%
Volume: 801,000 shares. 3 month avg: 973,146 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 Bottom, Adam and Adam reversal pattern from 05/19/2022 to 06/16/2022
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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Honeywell International Inc (HON)
Industry: Aerospace/Defense
Industry RS rank: 9 out of 60
Stock RS rank: 248 out of 562
6/23/22 close: $174.57
1 Month avg volatility: $3.87. Volatility stop (for downward breakout): $186.36 or 6.8% above the close.
Change YTD: -16.28%
Volume: 3,331,000 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: Head-and-shoulders complex top reversal pattern from 03/29/2022 to 06/07/2022
Breakout is downward 100% of the time.
Average decline: 23%.
Break-even failure rate: 4%.
Pullbacks occur 67% of the time.
Price hits measure rule target 53% of the time.

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Kennametal (KMT)
Industry: Metal Fabricating
Industry RS rank: 27 out of 60
Stock RS rank: 499 out of 562
6/23/22 close: $22.14
1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $24.57 or 11.0% above the close.
Change YTD: -38.35%
Volume: 1,137,100 shares. 3 month avg: 854,403 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 Eve reversal pattern from 04/20/2022 to 06/06/2022
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.

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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 57 out of 60
Stock RS rank: 367 out of 562
6/23/22 close: $42.58
1 Month avg volatility: $2.07. Volatility stop (for downward breakout): $47.73 or 12.1% above the close.
Change YTD: -29.67%
Volume: 700,500 shares. 3 month avg: 518,337 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: Broadening top reversal pattern from 05/09/2022 to 06/02/2022
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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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 3 out of 60
Stock RS rank: 3 out of 562
6/23/22 close: $14.55
1 Month avg volatility: $0.98. Volatility stop (for downward breakout): $17.58 or 20.8% above the close.
Change YTD: 72.19%
Volume: 5,361,400 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: Double Top, Adam and Eve reversal pattern from 05/31/2022 to 06/08/2022
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.

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Premier Inc (PINC)
Industry: Healthcare Information
Industry RS rank: 30 out of 60
Stock RS rank: 210 out of 562
6/23/22 close: $36.06
1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $37.91 or 5.1% above the close.
Change YTD: -12.41%
Volume: 460,000 shares. 3 month avg: 544,129 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 04/26/2022 to 05/26/2022
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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Progressive Corp (PGR)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 8 out of 60
Stock RS rank: 83 out of 562
6/23/22 close: $109.75
1 Month avg volatility: $2.60. Volatility stop (for downward breakout): $118.19 or 7.7% above the close.
Change YTD: 6.92%
Volume: 3,152,500 shares. 3 month avg: 3,017,600 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, Adam and Adam reversal pattern from 05/31/2022 to 06/07/2022
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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Schlumberger Limited (SLB)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 3 out of 60
Stock RS rank: 48 out of 562
6/23/22 close: $34.98
1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $41.76 or 19.4% above the close.
Change YTD: 16.79%
Volume: 27,959,600 shares. 3 month avg: 8,320,412 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: Double Top, Adam and Adam reversal pattern from 05/31/2022 to 06/08/2022
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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ServiceNow Inc (NOW)
Industry: IT Services
Industry RS rank: 32 out of 60
Stock RS rank: 377 out of 562
6/23/22 close: $485.53
1 Month avg volatility: $20.51. Volatility stop (for downward breakout): $527.77 or 8.7% above the close.
Change YTD: -25.20%
Volume: 1,429,900 shares. 3 month avg: 1,411,754 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 05/31/2022 to 06/06/2022
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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Southwest Airlines Company (LUV)
Industry: Air Transport
Industry RS rank: 19 out of 60
Stock RS rank: 241 out of 562
6/23/22 close: $35.94
1 Month avg volatility: $1.44. Volatility stop (for downward breakout): $39.14 or 8.9% above the close.
Change YTD: -16.11%
Volume: 6,484,400 shares. 3 month avg: 5,071,869 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: Three Falling Peaks reversal pattern from 04/21/2022 to 06/01/2022
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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Timken Co., The (TKR)
Industry: Metal Fabricating
Industry RS rank: 27 out of 60
Stock RS rank: 350 out of 562
6/23/22 close: $51.81
1 Month avg volatility: $1.73. Volatility stop (for downward breakout): $56.74 or 9.5% above the close.
Change YTD: -25.23%
Volume: 438,600 shares. 3 month avg: 853,643 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: Triple top reversal pattern from 04/20/2022 to 06/07/2022
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

Travelzoo Inc. (TZOO)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 50 out of 60
Stock RS rank: 495 out of 562
6/23/22 close: $6.38
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $7.48 or 17.3% above the close.
Change YTD: -32.27%
Volume: 87,900 shares. 3 month avg: 22,411 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 Tuesday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 05/03/2022 to 05/16/2022
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

United Parcel Service (UPS)
Industry: Air Transport
Industry RS rank: 19 out of 60
Stock RS rank: 256 out of 562
6/23/22 close: $178.63
1 Month avg volatility: $4.22. Volatility stop (for upward breakout): $166.79 or 6.6% below the close.
Change YTD: -16.66%
Volume: 2,909,700 shares. 3 month avg: 2,659,363 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 Bottom, Adam and Adam reversal pattern from 06/13/2022 to 06/17/2022
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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Veeva Systems Inc (VEEV)
Industry: Healthcare Information
Industry RS rank: 30 out of 60
Stock RS rank: 362 out of 562
6/23/22 close: $199.92
1 Month avg volatility: $7.30. Volatility stop (for upward breakout): $174.31 or 12.8% below the close.
Change YTD: -21.75%
Volume: 1,646,700 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: Ugly double bottom reversal pattern from 05/18/2022 to 06/16/2022
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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