As of 11/21/2024
  Indus: 43,870 +461.88 +1.1%  
  Trans: 17,172 +169.53 +1.0%  
  Utils: 1,076 +20.58 +2.0%  
  Nasdaq: 18,972 +6.28 +0.0%  
  S&P 500: 5,949 +31.60 +0.5%  
YTD
 +16.4%  
 +8.0%  
 +22.0%  
 +26.4%  
 +24.7%  
  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 11/21/2024
  Indus: 43,870 +461.88 +1.1%  
  Trans: 17,172 +169.53 +1.0%  
  Utils: 1,076 +20.58 +2.0%  
  Nasdaq: 18,972 +6.28 +0.0%  
  S&P 500: 5,949 +31.60 +0.5%  
YTD
 +16.4%  
 +8.0%  
 +22.0%  
 +26.4%  
 +24.7%  
  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 © 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.
 
Amdocs Limited (DOX)
Industry: IT Services
Industry RS rank: 32 out of 60
Stock RS rank: 175 out of 625
3/23/23 close: $93.08
1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $96.01 or 3.2% above the close.
Change YTD: 2.40%
Volume: 763,600 shares. 3 month avg: 895,243 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: Scallop, descending continuation pattern from 02/15/2023 to 03/21/2023
Breakout is downward 66% of the time.
Average decline: 17%.
Break-even failure rate: 15%.
Pullbacks occur 55% of the time.
Price hits measure rule target 30% of the time.

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Booze Allen Hamilton Holding Corp (BAH)
Industry: IT Services
Industry RS rank: 32 out of 60
Stock RS rank: 450 out of 625
3/23/23 close: $90.07
1 Month avg volatility: $1.84. Volatility stop (for downward breakout): $94.47 or 4.9% above the close.
Change YTD: -13.83%
Volume: 793,500 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: Scallop, descending continuation pattern from 03/06/2023 to 03/21/2023
Breakout is downward 66% of the time.
Average decline: 17%.
Break-even failure rate: 15%.
Pullbacks occur 55% of the time.
Price hits measure rule target 30% of the time.

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Cemex SA de CV (CX)
Industry: Cement and Aggregates
Industry RS rank: 22 out of 60
Stock RS rank: 36 out of 625
3/23/23 close: $5.07
1 Month avg volatility: $0.20. Volatility stop (for downward breakout): $5.60 or 10.4% above the close.
Change YTD: 25.19%
Volume: 4,800,200 shares. 3 month avg: 9,928,860 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe top reversal pattern from 02/27/2023 to 03/06/2023
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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Check Point Software (CHKP)
Industry: E-Commerce
Industry RS rank: 17 out of 60
Stock RS rank: 212 out of 625
3/23/23 close: $128.03
1 Month avg volatility: $2.24. Volatility stop (for upward breakout): $122.32 or 4.5% below the close.
Change YTD: 1.48%
Volume: 699,500 shares. 3 month avg: 1,143,906 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 bottom reversal pattern from 02/17/2023 to 03/13/2023
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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Chicos FAS Inc. (CHS)
Industry: Apparel
Industry RS rank: 11 out of 60
Stock RS rank: 236 out of 625
3/23/23 close: $5.45
1 Month avg volatility: $0.30. Volatility stop (for downward breakout): $6.29 or 15.5% above the close.
Change YTD: 10.77%
Volume: 2,090,900 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: Double Top, Eve and Adam reversal pattern from 03/03/2023 to 03/16/2023
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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Globalfoundries Inc (GFS)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 95 out of 625
3/23/23 close: $69.74
1 Month avg volatility: $2.35. Volatility stop (for upward breakout): $63.58 or 8.8% below the close.
Change YTD: 29.41%
Volume: 1,479,500 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 bottom reversal pattern from 02/23/2023 to 03/13/2023
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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Google (GOOGL)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 299 out of 625
3/23/23 close: $105.60
1 Month avg volatility: $2.45. Volatility stop (for upward breakout): $99.57 or 5.7% below the close.
Change YTD: 19.69%
Volume: 40,567,000 shares. 3 month avg: 1,574,874 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Double Bottom, Adam and Eve reversal pattern from 02/24/2023 to 03/13/2023
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Insteel Industries Inc (IIIN)
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: 432 out of 625
3/23/23 close: $26.57
1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $24.50 or 7.8% below the close.
Change YTD: -3.45%
Volume: 61,500 shares. 3 month avg: 163,711 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 01/17/2023 to 03/06/2023
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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Insulet Corporation (PODD)
Industry: Medical Supplies
Industry RS rank: 19 out of 60
Stock RS rank: 93 out of 625
3/23/23 close: $311.49
1 Month avg volatility: $12.09. Volatility stop (for upward breakout): $283.41 or 9.0% below the close.
Change YTD: 5.81%
Volume: 695,800 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: Triple bottom reversal pattern from 02/22/2023 to 03/10/2023
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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Lockheed Martin Corp (LMT)
Industry: Aerospace/Defense
Industry RS rank: 25 out of 60
Stock RS rank: 218 out of 625
3/23/23 close: $467.90
1 Month avg volatility: $7.50. Volatility stop (for downward breakout): $485.96 or 3.9% above the close.
Change YTD: -3.82%
Volume: 1,031,500 shares. 3 month avg: 1,203,803 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 Eve reversal pattern from 02/13/2023 to 03/08/2023
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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Masco Corp. (MAS)
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: 368 out of 625
3/23/23 close: $48.40
1 Month avg volatility: $1.27. Volatility stop (for downward breakout): $52.33 or 8.1% above the close.
Change YTD: 3.71%
Volume: 2,208,100 shares. 3 month avg: 2,351,771 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 02/02/2023 to 02/09/2023
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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NewMarket Corp. (NEU)
Industry: Chemical (Specialty)
Industry RS rank: 20 out of 60
Stock RS rank: 146 out of 625
3/23/23 close: $352.02
1 Month avg volatility: $6.08. Volatility stop (for upward breakout): $338.88 or 3.7% below the close.
Change YTD: 13.15%
Volume: 35,500 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: Double Bottom, Adam and Eve reversal pattern from 02/24/2023 to 03/15/2023
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Penumbra, Inc (PEN)
Industry: Medical Supplies
Industry RS rank: 19 out of 60
Stock RS rank: 18 out of 625
3/23/23 close: $277.82
1 Month avg volatility: $8.40. Volatility stop (for upward breakout): $256.97 or 7.5% below the close.
Change YTD: 24.89%
Volume: 461,400 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 03/06/2023 to 03/13/2023
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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Pulte Homes Inc. (PHM)
Industry: Homebuilding
Industry RS rank: 1 out of 60
Stock RS rank: 29 out of 625
3/23/23 close: $56.39
1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $53.03 or 6.0% below the close.
Change YTD: 23.85%
Volume: 2,748,300 shares. 3 month avg: 4,812,565 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 Bottom, Eve and Adam reversal pattern from 02/21/2023 to 03/13/2023
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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Regeneron Pharmaceuticals (REGN)
Industry: Biotechnology
Industry RS rank: 15 out of 60
Stock RS rank: 156 out of 625
3/23/23 close: $802.16
1 Month avg volatility: $15.54. Volatility stop (for upward breakout): $759.41 or 5.3% below the close.
Change YTD: 11.18%
Volume: 1,993,100 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: Ugly double bottom reversal pattern from 01/09/2023 to 02/17/2023
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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Smartsheet Inc (SMAR)
Industry: E-Commerce
Industry RS rank: 17 out of 60
Stock RS rank: 39 out of 625
3/23/23 close: $47.69
1 Month avg volatility: $1.91. Volatility stop (for upward breakout): $43.40 or 9.0% below the close.
Change YTD: 21.16%
Volume: 1,015,800 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: Pipe bottom reversal pattern from 03/06/2023 to 03/13/2023
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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Synopsys Inc (SNPS)
Industry: Computer Software and Svcs
Industry RS rank: 21 out of 60
Stock RS rank: 115 out of 625
3/23/23 close: $379.40
1 Month avg volatility: $8.66. Volatility stop (for upward breakout): $353.91 or 6.7% below the close.
Change YTD: 18.83%
Volume: 974,000 shares. 3 month avg: 998,728 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: Double Bottom, Eve and Adam reversal pattern from 02/21/2023 to 03/13/2023
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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Teleflex Inc (TFX)
Industry: Diversified Co.
Industry RS rank: 8 out of 60
Stock RS rank: 203 out of 625
3/23/23 close: $241.34
1 Month avg volatility: $6.12. Volatility stop (for upward breakout): $228.37 or 5.4% below the close.
Change YTD: -3.32%
Volume: 343,000 shares. 3 month avg: 269,822 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 03/06/2023 to 03/13/2023
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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Vertex Pharmaceuticals (VRTX)
Industry: Biotechnology
Industry RS rank: 15 out of 60
Stock RS rank: 263 out of 625
3/23/23 close: $304.75
1 Month avg volatility: $5.78. Volatility stop (for upward breakout): $289.12 or 5.1% below the close.
Change YTD: 5.53%
Volume: 1,305,300 shares. 3 month avg: 1,548,174 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 Bottom, Eve and Eve reversal pattern from 02/27/2023 to 03/08/2023
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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iShares PHLX SOX Semiconductor Sector (SOXX)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 83 out of 625
3/23/23 close: $437.03
1 Month avg volatility: $10.87. Volatility stop (for upward breakout): $407.66 or 6.7% below the close.
Change YTD: 25.59%
Volume: 1,235,200 shares. 3 month avg: 570,480 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 bottom reversal pattern from 02/22/2023 to 03/13/2023
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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Vanguard Mega Cap Growth ETF (MGK)
Industry: None
Industry RS rank: 31 out of 60
Stock RS rank: 297 out of 625
3/23/23 close: $197.44
1 Month avg volatility: $3.40. Volatility stop (for upward breakout): $188.96 or 4.3% below the close.
Change YTD: 14.74%
Volume: 748,700 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: Diamond bottom reversal pattern from 02/27/2023 to 03/15/2023
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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