As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Patterns for the Weekend Details

Copyright © 2023 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.
 
Air Transport Services Group (ATSG)
Industry: Air Transport
Industry RS rank: 46 out of 60
Stock RS rank: 595 out of 625
3/2/23 close: $22.05
1 Month avg volatility: $0.81. Volatility stop (for downward breakout): $23.83 or 8.1% above the close.
Change YTD: -15.13%
Volume: 766,400 shares. 3 month avg: 530,657 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: Dead-cat bounce continuation pattern from 02/24/2023 to 02/24/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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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: 24 out of 60
Stock RS rank: 276 out of 625
3/2/23 close: $55.66
1 Month avg volatility: $2.42. Volatility stop (for downward breakout): $60.79 or 9.2% above the close.
Change YTD: 13.92%
Volume: 134,700 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 Tuesday.
 
Chart pattern: Three Falling Peaks reversal pattern from 02/02/2023 to 02/27/2023
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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Apple Inc. (AAPL)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 48 out of 60
Stock RS rank: 498 out of 625
3/2/23 close: $145.91
1 Month avg volatility: $3.16. Volatility stop (for downward breakout): $153.03 or 4.9% above the close.
Change YTD: 12.30%
Volume: 52,087,600 shares. 3 month avg: 27,687,312 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: Double Top, Adam and Adam reversal pattern from 02/03/2023 to 02/16/2023
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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Avient (AVNT)
Industry: Chemical (Specialty)
Industry RS rank: 22 out of 60
Stock RS rank: 414 out of 625
3/2/23 close: $43.97
1 Month avg volatility: $1.32. Volatility stop (for upward breakout): $40.50 or 7.9% below the close.
Change YTD: 30.24%
Volume: 311,100 shares. 3 month avg: 523,769 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 bottom reversal pattern from 02/06/2023 to 02/13/2023
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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Badger Meter Inc. (BMI)
Industry: Precision Instrument
Industry RS rank: 33 out of 60
Stock RS rank: 74 out of 625
3/2/23 close: $121.46
1 Month avg volatility: $3.02. Volatility stop (for upward breakout): $113.40 or 6.6% below the close.
Change YTD: 11.40%
Volume: 78,900 shares. 3 month avg: 149,246 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: Broadening top, right-angled and descending continuation pattern from 02/07/2023 to 02/28/2023
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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Big Lots Inc. (BIG)
Industry: Retail Store
Industry RS rank: 34 out of 60
Stock RS rank: 602 out of 625
3/2/23 close: $14.51
1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $17.99 or 24.0% above the close.
Change YTD: -1.29%
Volume: 4,452,800 shares. 3 month avg: 984,457 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 01/13/2023 to 02/02/2023
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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Bristol-Myers Squibb Company (BMY)
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: 367 out of 625
3/2/23 close: $69.19
1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $72.37 or 4.6% above the close.
Change YTD: -3.84%
Volume: 5,938,100 shares. 3 month avg: 5,378,746 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: Double Top, Adam and Adam reversal pattern from 01/24/2023 to 02/06/2023
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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Bruker Corp (BRKR)
Industry: Precision Instrument
Industry RS rank: 33 out of 60
Stock RS rank: 57 out of 625
3/2/23 close: $73.63
1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $78.30 or 6.4% above the close.
Change YTD: 7.72%
Volume: 2,085,400 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: Pipe top reversal pattern from 02/06/2023 to 02/13/2023
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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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 12 out of 60
Stock RS rank: 260 out of 625
3/2/23 close: $6.20
1 Month avg volatility: $0.26. Volatility stop (for upward breakout): $5.37 or 13.3% below the close.
Change YTD: 26.02%
Volume: 2,868,900 shares. 3 month avg: 2,783,222 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: Ugly double bottom reversal pattern from 01/19/2023 to 02/24/2023
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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Cummins Inc. (CMI)
Industry: Machinery
Industry RS rank: 10 out of 60
Stock RS rank: 157 out of 625
3/2/23 close: $252.87
1 Month avg volatility: $5.66. Volatility stop (for downward breakout): $265.88 or 5.1% above the close.
Change YTD: 4.37%
Volume: 1,039,100 shares. 3 month avg: 1,327,631 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: Broadening top reversal pattern from 01/31/2023 to 02/24/2023
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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Ecolab Inc. (ECL)
Industry: Chemical (Specialty)
Industry RS rank: 22 out of 60
Stock RS rank: 428 out of 625
3/2/23 close: $161.93
1 Month avg volatility: $3.82. Volatility stop (for downward breakout): $169.75 or 4.8% above the close.
Change YTD: 11.25%
Volume: 1,070,600 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: Broadening top reversal pattern from 01/12/2023 to 02/16/2023
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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Expeditors International of Washington (EXPD)
Industry: Air Transport
Industry RS rank: 46 out of 60
Stock RS rank: 291 out of 625
3/2/23 close: $109.95
1 Month avg volatility: $2.87. Volatility stop (for upward breakout): $98.78 or 10.2% below the close.
Change YTD: 5.80%
Volume: 1,911,900 shares. 3 month avg: 1,055,643 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 02/21/2023 to 03/01/2023
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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FMC Corp. (FMC)
Industry: Chemical (Basic)
Industry RS rank: 31 out of 60
Stock RS rank: 141 out of 625
3/2/23 close: $128.86
1 Month avg volatility: $2.72. Volatility stop (for upward breakout): $121.14 or 6.0% below the close.
Change YTD: 3.25%
Volume: 790,800 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: Triangle, symmetrical continuation pattern from 02/06/2023 to 03/02/2023
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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Gap Inc. (GPS)
Industry: Apparel
Industry RS rank: 12 out of 60
Stock RS rank: 34 out of 625
3/2/23 close: $12.79
1 Month avg volatility: $0.54. Volatility stop (for downward breakout): $14.02 or 9.6% above the close.
Change YTD: 13.39%
Volume: 6,448,000 shares. 3 month avg: 5,662,882 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 01/30/2023 to 02/06/2023
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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Gilead Sciences Inc (GILD)
Industry: Biotechnology
Industry RS rank: 16 out of 60
Stock RS rank: 90 out of 625
3/2/23 close: $79.62
1 Month avg volatility: $1.54. Volatility stop (for downward breakout): $82.98 or 4.2% above the close.
Change YTD: -7.26%
Volume: 3,458,400 shares. 3 month avg: 8,272,228 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Three Falling Peaks reversal pattern from 12/13/2022 to 02/13/2023
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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GMS Inc (GMS)
Industry: Cement and Aggregates
Industry RS rank: 19 out of 60
Stock RS rank: 115 out of 625
3/2/23 close: $58.93
1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $62.40 or 5.9% above the close.
Change YTD: 18.33%
Volume: 522,700 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Broadening top reversal pattern from 02/02/2023 to 03/02/2023
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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Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 9 out of 60
Stock RS rank: 325 out of 625
3/2/23 close: $349.10
1 Month avg volatility: $7.70. Volatility stop (for downward breakout): $365.18 or 4.6% above the close.
Change YTD: 1.67%
Volume: 3,240,000 shares. 3 month avg: 2,673,269 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: Diamond top reversal pattern from 02/02/2023 to 02/16/2023
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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Henry Schein Inc. (HSIC)
Industry: Medical Supplies
Industry RS rank: 28 out of 60
Stock RS rank: 306 out of 625
3/2/23 close: $77.89
1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $82.04 or 5.3% above the close.
Change YTD: -2.48%
Volume: 616,900 shares. 3 month avg: 2,211,905 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Horn top reversal pattern from 01/30/2023 to 02/13/2023
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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Invitae Corp (NVTA)
Industry: Medical Services
Industry RS rank: 49 out of 60
Stock RS rank: 619 out of 625
3/2/23 close: $1.82
1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $2.26 or 23.9% above the close.
Change YTD: -2.15%
Volume: 10,724,900 shares. 3 month avg: 321,822 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: Dead-cat bounce continuation pattern from 03/01/2023 to 03/01/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Kellogg Co (K)
Industry: Food Processing
Industry RS rank: 38 out of 60
Stock RS rank: 523 out of 625
3/2/23 close: $65.62
1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $68.08 or 3.8% above the close.
Change YTD: -7.89%
Volume: 2,187,700 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: Broadening top, right-angled and ascending reversal pattern from 01/20/2023 to 02/22/2023
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Kohls Corporation (KSS)
Industry: Retail Store
Industry RS rank: 34 out of 60
Stock RS rank: 449 out of 625
3/2/23 close: $27.85
1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $31.69 or 13.8% above the close.
Change YTD: 10.30%
Volume: 6,490,500 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: Head-and-shoulders top reversal pattern from 01/26/2023 to 02/15/2023
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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Labratory Corp of America (LH)
Industry: Medical Services
Industry RS rank: 49 out of 60
Stock RS rank: 300 out of 625
3/2/23 close: $239.46
1 Month avg volatility: $5.90. Volatility stop (for downward breakout): $251.76 or 5.1% above the close.
Change YTD: 1.69%
Volume: 735,900 shares. 3 month avg: 674,168 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 top reversal pattern from 01/24/2023 to 02/17/2023
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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MACOM Technology Solutions Holdings (MTSI)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 25 out of 60
Stock RS rank: 81 out of 625
3/2/23 close: $69.86
1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $63.03 or 9.8% below the close.
Change YTD: 10.92%
Volume: 397,000 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: Ugly double bottom reversal pattern from 01/20/2023 to 02/03/2023
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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NextGen Healthcare Inc (NXGN)
Industry: Healthcare Information
Industry RS rank: 57 out of 60
Stock RS rank: 321 out of 625
3/2/23 close: $18.01
1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $18.90 or 4.9% above the close.
Change YTD: -4.10%
Volume: 348,700 shares. 3 month avg: 340,109 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 02/02/2023 to 02/15/2023
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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Nisource Inc. (NI)
Industry: Electric Utility (Central)
Industry RS rank: 58 out of 60
Stock RS rank: 503 out of 625
3/2/23 close: $27.27
1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $25.58 or 6.2% below the close.
Change YTD: -0.55%
Volume: 3,221,500 shares. 3 month avg: 3,688,512 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 02/09/2023 to 02/16/2023
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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ON Semiconductor Corp (ON)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 25 out of 60
Stock RS rank: 226 out of 625
3/2/23 close: $76.75
1 Month avg volatility: $3.17. Volatility stop (for downward breakout): $83.66 or 9.0% above the close.
Change YTD: 23.06%
Volume: 14,196,000 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: Pipe top reversal pattern from 02/06/2023 to 02/13/2023
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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Owens and Minor Inc (OMI)
Industry: Medical Supplies
Industry RS rank: 28 out of 60
Stock RS rank: 621 out of 625
3/2/23 close: $16.40
1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $18.37 or 12.0% above the close.
Change YTD: -16.03%
Volume: 4,327,000 shares. 3 month avg: 1,209,165 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Dead-cat bounce continuation pattern from 02/28/2023 to 02/28/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Paylocity Holdfing Corp (PCTY)
Industry: E-Commerce
Industry RS rank: 32 out of 60
Stock RS rank: 587 out of 625
3/2/23 close: $189.68
1 Month avg volatility: $8.51. Volatility stop (for downward breakout): $209.24 or 10.3% above the close.
Change YTD: -2.36%
Volume: 489,700 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023
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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Premier Inc (PINC)
Industry: Healthcare Information
Industry RS rank: 57 out of 60
Stock RS rank: 525 out of 625
3/2/23 close: $31.74
1 Month avg volatility: $0.60. Volatility stop (for downward breakout): $33.05 or 4.1% above the close.
Change YTD: -9.26%
Volume: 443,400 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: Double Top, Adam and Eve reversal pattern from 02/02/2023 to 02/21/2023
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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Public Service Enterprise Group PEG (PEG)
Industry: Electric Utility (East)
Industry RS rank: 59 out of 60
Stock RS rank: 495 out of 625
3/2/23 close: $59.87
1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $62.49 or 4.4% above the close.
Change YTD: -2.28%
Volume: 2,259,400 shares. 3 month avg: 2,747,514 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 complex top reversal pattern from 12/01/2022 to 02/27/2023
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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Range Resources Corp (RRC)
Industry: Petroleum (Producing)
Industry RS rank: 55 out of 60
Stock RS rank: 567 out of 625
3/2/23 close: $27.29
1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $24.05 or 11.9% below the close.
Change YTD: 9.07%
Volume: 3,338,200 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: Triple bottom reversal pattern from 01/04/2023 to 02/21/2023
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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RingCentral Inc (RNG)
Industry: Computer Software and Svcs
Industry RS rank: 50 out of 60
Stock RS rank: 588 out of 625
3/2/23 close: $33.84
1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $38.61 or 14.1% above the close.
Change YTD: -4.41%
Volume: 2,840,800 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 Tuesday.
 
Chart pattern: Horn top reversal pattern from 01/30/2023 to 02/13/2023
WARNING: A dead-cat bounce occurred on 02/16/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/18/2023 and a 38% chance by 08/17/2023.
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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Roper Technologies, Inc (ROP)
Industry: Industrial Services
Industry RS rank: 20 out of 60
Stock RS rank: 304 out of 625
3/2/23 close: $426.65
1 Month avg volatility: $7.56. Volatility stop (for upward breakout): $404.01 or 5.3% below the close.
Change YTD: -1.26%
Volume: 385,800 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: Falling wedge from 12/20/2022 to 02/16/2023
Breakout is upward 68% of the time.
Average rise: 32%.
Break-even failure rate: 11%.
Throwbacks occur 56% of the time.
Price hits measure rule target 70% of the time.

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Ross Stores (ROST)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 47 out of 60
Stock RS rank: 71 out of 625
3/2/23 close: $111.01
1 Month avg volatility: $2.29. Volatility stop (for downward breakout): $115.64 or 4.2% above the close.
Change YTD: -4.36%
Volume: 2,568,900 shares. 3 month avg: 2,750,108 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 Eve reversal pattern from 01/06/2023 to 01/27/2023
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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Skechers USA Inc (SKX)
Industry: Shoe
Industry RS rank: 4 out of 60
Stock RS rank: 118 out of 625
3/2/23 close: $45.94
1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $42.44 or 7.6% below the close.
Change YTD: 9.51%
Volume: 1,189,200 shares. 3 month avg: 3,234,920 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 02/08/2023 to 02/24/2023
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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Smartsheet Inc (SMAR)
Industry: E-Commerce
Industry RS rank: 32 out of 60
Stock RS rank: 52 out of 625
3/2/23 close: $44.21
1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $39.02 or 11.7% below the close.
Change YTD: 12.32%
Volume: 921,600 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: Triangle, symmetrical continuation pattern from 02/02/2023 to 03/02/2023
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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Spire (SR)
Industry: Natural Gas (Distributor)
Industry RS rank: 53 out of 60
Stock RS rank: 421 out of 625
3/2/23 close: $69.71
1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $73.31 or 5.2% above the close.
Change YTD: 1.23%
Volume: 276,400 shares. 3 month avg: 172,872 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 01/30/2023 to 02/06/2023
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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Summit Materials Inc (SUM)
Industry: Cement and Aggregates
Industry RS rank: 19 out of 60
Stock RS rank: 286 out of 625
3/2/23 close: $30.43
1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $32.32 or 6.2% above the close.
Change YTD: 7.19%
Volume: 760,900 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 01/30/2023 to 02/13/2023
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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Teladoc, Inc (TDOC)
Industry: Healthcare Information
Industry RS rank: 57 out of 60
Stock RS rank: 576 out of 625
3/2/23 close: $25.44
1 Month avg volatility: $1.53. Volatility stop (for downward breakout): $28.78 or 13.1% above the close.
Change YTD: 7.57%
Volume: 4,433,800 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 01/24/2023 to 02/15/2023
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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Teradata Corp (TDC)
Industry: Computer Software and Svcs
Industry RS rank: 50 out of 60
Stock RS rank: 114 out of 625
3/2/23 close: $40.26
1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $36.84 or 8.5% below the close.
Change YTD: 19.61%
Volume: 1,499,900 shares. 3 month avg: 1,378,918 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: Pennant continuation pattern from 02/16/2023 to 02/28/2023
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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Trex Company (TREX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 60
Stock RS rank: 265 out of 625
3/2/23 close: $50.90
1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $55.03 or 8.1% above the close.
Change YTD: 20.25%
Volume: 1,049,700 shares. 3 month avg: 245,355 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 02/02/2023 to 02/09/2023
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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U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 3 out of 60
Stock RS rank: 466 out of 625
3/2/23 close: $13.49
1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $11.32 or 16.1% below the close.
Change YTD: 7.92%
Volume: 899,400 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 02/13/2023 to 02/21/2023
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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Wolverine World Wide (WWW)
Industry: Shoe
Industry RS rank: 4 out of 60
Stock RS rank: 557 out of 625
3/2/23 close: $16.79
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $15.27 or 9.0% below the close.
Change YTD: 53.61%
Volume: 1,155,500 shares. 3 month avg: 772,149 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe bottom reversal pattern from 02/06/2023 to 02/13/2023
WARNING: A dead-cat bounce occurred on 11/09/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/10/2023.
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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