As of 04/24/2024
  Indus: 38,461 -42.77 -0.1%  
  Trans: 15,078 -358.61 -2.3%  
  Utils: 893 +6.79 +0.8%  
  Nasdaq: 15,713 +16.11 +0.1%  
  S&P 500: 5,072 +1.08 +0.0%  
YTD
 +2.0%  
-5.2%  
 +1.3%  
 +4.7%  
 +6.3%  
  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 04/24/2024
  Indus: 38,461 -42.77 -0.1%  
  Trans: 15,078 -358.61 -2.3%  
  Utils: 893 +6.79 +0.8%  
  Nasdaq: 15,713 +16.11 +0.1%  
  S&P 500: 5,072 +1.08 +0.0%  
YTD
 +2.0%  
-5.2%  
 +1.3%  
 +4.7%  
 +6.3%  
  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.
 
Accenture plc (ACN)
Industry: IT Services
Industry RS rank: 26 out of 60
Stock RS rank: 427 out of 562
7/14/22 close: $268.67
1 Month avg volatility: $7.59. Volatility stop (for downward breakout): $285.17 or 6.1% above the close.
Change YTD: -35.19%
Volume: 1,877,600 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 06/21/2022 to 06/27/2022
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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Air Products and Chemicals, Inc. (APD)
Industry: Chemical (Diversified)
Industry RS rank: 32 out of 60
Stock RS rank: 385 out of 562
7/14/22 close: $221.98
1 Month avg volatility: $5.75. Volatility stop (for downward breakout): $236.84 or 6.7% above the close.
Change YTD: -27.04%
Volume: 1,738,900 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: Pipe top reversal pattern from 06/21/2022 to 06/27/2022
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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AmerisourceBergen Corp (ABC)
Industry: Biotechnology
Industry RS rank: 21 out of 60
Stock RS rank: 88 out of 562
7/14/22 close: $139.53
1 Month avg volatility: $3.24. Volatility stop (for downward breakout): $146.44 or 5.0% above the close.
Change YTD: 5.00%
Volume: 1,276,000 shares. 3 month avg: 798,808 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 06/21/2022 to 06/27/2022
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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Armstrong World Industries (AWI)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 45 out of 60
Stock RS rank: 430 out of 562
7/14/22 close: $78.42
1 Month avg volatility: $1.99. Volatility stop (for upward breakout): $72.94 or 7.0% below the close.
Change YTD: -32.47%
Volume: 137,300 shares. 3 month avg: 508,948 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, Eve and Adam reversal pattern from 06/22/2022 to 06/30/2022
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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Bio-Rad Laboratories (BIO)
Industry: Medical Supplies
Industry RS rank: 41 out of 60
Stock RS rank: 403 out of 562
7/14/22 close: $487.95
1 Month avg volatility: $14.93. Volatility stop (for upward breakout): $442.59 or 9.3% below the close.
Change YTD: -35.42%
Volume: 208,400 shares. 3 month avg: 180,103 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe bottom reversal pattern from 06/13/2022 to 06/21/2022
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Cal-Maine Foods Inc (CALM)
Industry: Food Processing
Industry RS rank: 7 out of 60
Stock RS rank: 11 out of 562
7/14/22 close: $53.17
1 Month avg volatility: $1.57. Volatility stop (for upward breakout): $49.12 or 7.6% below the close.
Change YTD: 43.74%
Volume: 376,000 shares. 3 month avg: 322,132 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: Ugly double bottom reversal pattern from 06/10/2022 to 07/06/2022
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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Campbell Soup Co (CPB)
Industry: Food Processing
Industry RS rank: 7 out of 60
Stock RS rank: 48 out of 562
7/14/22 close: $49.05
1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $46.23 or 5.7% below the close.
Change YTD: 12.86%
Volume: 2,200,600 shares. 3 month avg: 2,769,580 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 06/16/2022 to 07/05/2022
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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Centene Corp (CNC)
Industry: Medical Services
Industry RS rank: 14 out of 60
Stock RS rank: 60 out of 562
7/14/22 close: $85.76
1 Month avg volatility: $2.34. Volatility stop (for upward breakout): $79.47 or 7.3% below the close.
Change YTD: 4.08%
Volume: 2,501,900 shares. 3 month avg: 1,816,006 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Ugly double bottom reversal pattern from 06/14/2022 to 07/05/2022
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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Charles River Labs Intl (CRL)
Industry: Biotechnology
Industry RS rank: 21 out of 60
Stock RS rank: 518 out of 562
7/14/22 close: $210.43
1 Month avg volatility: $6.97. Volatility stop (for upward breakout): $189.77 or 9.8% below the close.
Change YTD: -44.15%
Volume: 458,800 shares. 3 month avg: 379,248 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe bottom reversal pattern from 06/21/2022 to 06/21/2022
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Ciena Corp (CIEN)
Industry: Telecom. Equipment
Industry RS rank: 49 out of 60
Stock RS rank: 487 out of 562
7/14/22 close: $46.61
1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $42.44 or 8.9% below the close.
Change YTD: -39.44%
Volume: 819,700 shares. 3 month avg: 3,226,991 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: Ugly double bottom reversal pattern from 06/16/2022 to 07/05/2022
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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Costco Wholesale Corp (COST)
Industry: Retail Store
Industry RS rank: 25 out of 60
Stock RS rank: 125 out of 562
7/14/22 close: $511.94
1 Month avg volatility: $11.58. Volatility stop (for upward breakout): $470.46 or 8.1% below the close.
Change YTD: -9.82%
Volume: 3,683,400 shares. 3 month avg: 3,225,345 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: Pipe bottom reversal pattern from 05/16/2022 to 05/23/2022
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 47 out of 60
7/14/22 close: $956.24
1 Month avg volatility: $20.89. Volatility stop (for downward breakout): $999.73 or 4.6% above the close.
Change YTD: -2.50%
Volume: 40,813,900 shares. 3 month avg: 53,575,231 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: Diamond top reversal pattern from 06/28/2022 to 07/07/2022
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 47 out of 60
7/14/22 close: $12,965.39
1 Month avg volatility: $296.52. Volatility stop (for upward breakout): $12,155.08 or 6.3% below the close.
Change YTD: -21.32%
Volume: 108,450,300 shares. 3 month avg: 118,621,022 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: Diamond bottom reversal pattern from 06/13/2022 to 07/11/2022
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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Everest Re Group Ltd (RE)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 11 out of 60
Stock RS rank: 160 out of 562
7/14/22 close: $263.14
1 Month avg volatility: $6.33. Volatility stop (for downward breakout): $283.49 or 7.7% above the close.
Change YTD: -3.94%
Volume: 267,200 shares. 3 month avg: 566,686 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 06/28/2022 to 07/07/2022
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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FedEx (FDX)
Industry: Air Transport
Industry RS rank: 24 out of 60
Stock RS rank: 257 out of 562
7/14/22 close: $214.29
1 Month avg volatility: $7.74. Volatility stop (for downward breakout): $229.95 or 7.3% above the close.
Change YTD: -17.15%
Volume: 1,533,000 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: Pipe top reversal pattern from 06/21/2022 to 06/27/2022
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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Graco Incorporated (GGG)
Industry: Machinery
Industry RS rank: 31 out of 60
Stock RS rank: 366 out of 562
7/14/22 close: $57.90
1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $60.59 or 4.6% above the close.
Change YTD: -28.18%
Volume: 477,300 shares. 3 month avg: 251,886 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 Adam reversal pattern from 06/27/2022 to 07/07/2022
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.

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IDEXX Laboratories, Inc (IDXX)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 15 out of 60
Stock RS rank: 470 out of 562
7/14/22 close: $366.06
1 Month avg volatility: $12.40. Volatility stop (for upward breakout): $331.56 or 9.4% below the close.
Change YTD: -44.41%
Volume: 494,500 shares. 3 month avg: 512,494 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: Ugly double bottom reversal pattern from 06/16/2022 to 06/30/2022
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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Installed Building Products Inc (IBP)
Industry: Retail Building Supply
Industry RS rank: 34 out of 60
Stock RS rank: 392 out of 562
7/14/22 close: $90.04
1 Month avg volatility: $4.12. Volatility stop (for upward breakout): $79.35 or 11.9% below the close.
Change YTD: -35.56%
Volume: 170,000 shares. 3 month avg: 201,345 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Pipe bottom reversal pattern from 06/13/2022 to 06/21/2022
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

Interactive Brokers Group Inc (IBKR)
Industry: Securities Brokerage
Industry RS rank: 50 out of 60
Stock RS rank: 445 out of 562
7/14/22 close: $53.39
1 Month avg volatility: $1.58. Volatility stop (for downward breakout): $56.71 or 6.2% above the close.
Change YTD: -32.78%
Volume: 1,071,200 shares. 3 month avg: 658,995 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: Triangle, descending reversal pattern from 05/18/2022 to 07/12/2022
Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

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Kellogg Co (K)
Industry: Food Processing
Industry RS rank: 7 out of 60
Stock RS rank: 42 out of 562
7/14/22 close: $72.86
1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $69.07 or 5.2% below the close.
Change YTD: 13.10%
Volume: 2,774,900 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: Triple bottom reversal pattern from 05/20/2022 to 06/17/2022
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

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Kelly Services A (KELYA)
Industry: Human Resources
Industry RS rank: 19 out of 60
Stock RS rank: 49 out of 562
7/14/22 close: $19.48
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $17.66 or 9.4% below the close.
Change YTD: 16.16%
Volume: 86,100 shares. 3 month avg: 173,600 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: Triangle, symmetrical continuation pattern from 06/28/2022 to 07/14/2022
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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La-Z-Boy Inc (LZB)
Industry: Furn/Home Furnishings
Industry RS rank: 33 out of 60
Stock RS rank: 422 out of 562
7/14/22 close: $25.57
1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $23.37 or 8.6% below the close.
Change YTD: -29.58%
Volume: 272,500 shares. 3 month avg: 437,505 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Ugly double bottom reversal pattern from 06/16/2022 to 06/30/2022
WARNING: A dead-cat bounce occurred on 02/16/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/17/2022.
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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Myriad Genetics Inc (MYGN)
Industry: Biotechnology
Industry RS rank: 21 out of 60
Stock RS rank: 309 out of 562
7/14/22 close: $20.72
1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $18.66 or 9.9% below the close.
Change YTD: -24.93%
Volume: 522,600 shares. 3 month avg: 906,888 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: Ugly double bottom reversal pattern from 06/16/2022 to 06/30/2022
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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NewMarket Corp. (NEU)
Industry: Chemical (Specialty)
Industry RS rank: 38 out of 60
Stock RS rank: 230 out of 562
7/14/22 close: $301.03
1 Month avg volatility: $6.01. Volatility stop (for downward breakout): $314.42 or 4.5% above the close.
Change YTD: -12.16%
Volume: 27,000 shares. 3 month avg: 31,329 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: Diamond top reversal pattern from 06/27/2022 to 07/14/2022
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Park Electrochemical (PKE)
Industry: Chemical (Specialty)
Industry RS rank: 38 out of 60
Stock RS rank: 200 out of 562
7/14/22 close: $11.68
1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $12.38 or 6.0% above the close.
Change YTD: -11.52%
Volume: 54,400 shares. 3 month avg: 70,862 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 06/06/2022 to 07/01/2022
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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Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 8 out of 60
Stock RS rank: 105 out of 562
7/14/22 close: $70.42
1 Month avg volatility: $1.98. Volatility stop (for downward breakout): $74.53 or 5.8% above the close.
Change YTD: -0.24%
Volume: 670,300 shares. 3 month avg: 665,203 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 06/27/2022 to 07/05/2022
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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PPL Corporation (PPL)
Industry: Electric Utility (East)
Industry RS rank: 9 out of 60
Stock RS rank: 185 out of 562
7/14/22 close: $27.12
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $28.41 or 4.8% above the close.
Change YTD: -9.78%
Volume: 4,469,900 shares. 3 month avg: 3,908,818 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: Diamond top reversal pattern from 06/27/2022 to 07/12/2022
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 49 out of 60
Stock RS rank: 353 out of 562
7/14/22 close: $141.90
1 Month avg volatility: $4.87. Volatility stop (for upward breakout): $124.10 or 12.5% below the close.
Change YTD: -22.40%
Volume: 10,685,800 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 bottom reversal pattern from 06/13/2022 to 06/21/2022
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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RingCentral Inc (RNG)
Industry: Computer Software and Svcs
Industry RS rank: 46 out of 60
Stock RS rank: 561 out of 562
7/14/22 close: $47.93
1 Month avg volatility: $3.94. Volatility stop (for downward breakout): $58.44 or 21.9% above the close.
Change YTD: -74.42%
Volume: 1,310,800 shares. 3 month avg: 1,339,514 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 Eve reversal pattern from 06/27/2022 to 07/05/2022
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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ServiceNow Inc (NOW)
Industry: IT Services
Industry RS rank: 26 out of 60
Stock RS rank: 395 out of 562
7/14/22 close: $420.97
1 Month avg volatility: $20.37. Volatility stop (for downward breakout): $471.18 or 11.9% above the close.
Change YTD: -35.15%
Volume: 2,162,800 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: Double Top, Adam and Adam reversal pattern from 06/27/2022 to 07/06/2022
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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Southwest Airlines Company (LUV)
Industry: Air Transport
Industry RS rank: 24 out of 60
Stock RS rank: 237 out of 562
7/14/22 close: $38.46
1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $35.41 or 7.9% below the close.
Change YTD: -10.22%
Volume: 5,883,000 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: Double Bottom, Eve and Eve reversal pattern from 06/17/2022 to 06/30/2022
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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Surmodics, Inc (SRDX)
Industry: Medical Supplies
Industry RS rank: 41 out of 60
Stock RS rank: 363 out of 562
7/14/22 close: $34.80
1 Month avg volatility: $1.29. Volatility stop (for downward breakout): $37.52 or 7.8% above the close.
Change YTD: -27.73%
Volume: 33,500 shares. 3 month avg: 37,286 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 06/27/2022 to 07/06/2022
WARNING: A dead-cat bounce occurred on 02/03/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/04/2022.
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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