As of 04/17/2024

Indus: 37,753 -45.66 -0.1%

Trans: 14,987 -259.68 -1.7%

Utils: 853 +17.82 +2.1%

Nasdaq: 15,683 -181.88 -1.1%

S&P 500: 5,022 -29.20 -0.6%

YTD

+0.2%

-5.7%

-3.2%

+4.5%

+5.3%

Targets Overview: 04/12/2024

39,800 or 37,150 by 05/01/2024

16,200 or 15,000 by 05/01/2024

885 or 850 by 05/01/2024

16,700 or 15,800 by 05/01/2024

5,250 or 5,025 by 05/01/2024

Chart Pattern Indicator:

on 4/1/24

As of 04/17/2024

Indus: 37,753 -45.66 -0.1%

Trans: 14,987 -259.68 -1.7%

Utils: 853 +17.82 +2.1%

Nasdaq: 15,683 -181.88 -1.1%

S&P 500: 5,022 -29.20 -0.6%

YTD

+0.2%

-5.7%

-3.2%

+4.5%

+5.3%

Targets Overview: 04/12/2024

39,800 or 37,150 by 05/01/2024

16,200 or 15,000 by 05/01/2024

885 or 850 by 05/01/2024

16,700 or 15,800 by 05/01/2024

5,250 or 5,025 by 05/01/2024

Chart Pattern Indicator:

on 4/1/24

Patterns for the Weekend Details

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: 25 out of 60

Stock RS rank: 287 out of 623

4/27/23 close: $90.60

1 Month avg volatility: $1.20. Volatility stop (for downward breakout): $93.00 or 2.7% above the close.

Change YTD: -0.33%

Volume: 785,500 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: Triple top reversal pattern from 02/01/2023 to 04/12/2023

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.

Automatic Data Processing Inc (ADP)

Industry: IT Services

Industry RS rank: 25 out of 60

Stock RS rank: 479 out of 623

4/27/23 close: $216.16

1 Month avg volatility: $3.51. Volatility stop (for upward breakout): $204.37 or 5.5% below the close.

Change YTD: -9.50%

Volume: 2,177,500 shares. 3 month avg: 2,140,888 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: Triangle, symmetrical continuation pattern from 03/06/2023 to 04/21/2023

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.

Avient (AVNT)

Industry: Chemical (Specialty)

Industry RS rank: 12 out of 60

Stock RS rank: 237 out of 623

4/27/23 close: $37.88

1 Month avg volatility: $0.99. Volatility stop (for downward breakout): $39.89 or 5.3% above the close.

Change YTD: 12.20%

Volume: 228,700 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: Double Top, Adam and Eve reversal pattern from 04/03/2023 to 04/12/2023

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.

Berry Global Group Inc (BERY)

Industry: Packaging and Container

Industry RS rank: 22 out of 60

Stock RS rank: 126 out of 623

4/27/23 close: $56.65

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $58.42 or 3.1% above the close.

Change YTD: -6.26%

Volume: 575,000 shares. 3 month avg: 894,866 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, Adam and Eve reversal pattern from 04/03/2023 to 04/18/2023

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.

Build-A-Bear Workshop Inc (BBW)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 38 out of 60

Stock RS rank: 44 out of 623

4/27/23 close: $22.84

1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $24.72 or 8.2% above the close.

Change YTD: -4.19%

Volume: 229,100 shares. 3 month avg: 99,982 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Pipe top reversal pattern from 04/10/2023 to 04/17/2023

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.

Cal-Maine Foods Inc (CALM)

Industry: Food Processing

Industry RS rank: 34 out of 60

Stock RS rank: 549 out of 623

4/27/23 close: $48.12

1 Month avg volatility: $1.87. Volatility stop (for downward breakout): $53.25 or 10.7% above the close.

Change YTD: -11.63%

Volume: 1,354,200 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: Pipe top reversal pattern from 03/27/2023 to 04/03/2023

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.

Celanese Corp (CE)

Industry: Chemical (Basic)

Industry RS rank: 41 out of 60

Stock RS rank: 284 out of 623

4/27/23 close: $103.41

1 Month avg volatility: $2.46. Volatility stop (for downward breakout): $108.33 or 4.8% above the close.

Change YTD: 1.14%

Volume: 1,324,100 shares. 3 month avg: 691,697 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 04/03/2023 to 04/14/2023

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.

Chevron Corp (CVX)

Industry: Petroleum (Integrated)

Industry RS rank: 53 out of 60

Stock RS rank: 452 out of 623

4/27/23 close: $166.95

1 Month avg volatility: $2.34. Volatility stop (for downward breakout): $172.07 or 3.1% above the close.

Change YTD: -6.99%

Volume: 6,379,900 shares. 3 month avg: 5,172,805 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 04/03/2023 to 04/24/2023

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.

Cincinnati Financial Corp (CINF)

Industry: Insurance (Prop/Casualty)

Industry RS rank: 33 out of 60

Stock RS rank: 314 out of 623

4/27/23 close: $103.61

1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $107.53 or 3.8% above the close.

Change YTD: 1.19%

Volume: 651,200 shares. 3 month avg: 534,966 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 Eve reversal pattern from 03/21/2023 to 04/03/2023

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.

Cintas Corp (CTAS)

Industry: Industrial Services

Industry RS rank: 19 out of 60

Stock RS rank: 251 out of 623

4/27/23 close: $450.82

1 Month avg volatility: $6.74. Volatility stop (for downward breakout): $465.49 or 3.3% above the close.

Change YTD: -0.18%

Volume: 329,100 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 03/30/2023 to 04/18/2023

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.

Cleveland-Cliffs Inc (CLF)

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 353 out of 623

4/27/23 close: $15.17

1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $13.64 or 10.1% below the close.

Change YTD: -5.83%

Volume: 11,279,200 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: Scallop, ascending and inverted continuation pattern from 11/03/2022 to 12/19/2022

Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

CROCS Inc (CROX)

Industry: Shoe

Industry RS rank: 2 out of 60

Stock RS rank: 11 out of 623

4/27/23 close: $124.32

1 Month avg volatility: $5.33. Volatility stop (for downward breakout): $147.15 or 18.4% above the close.

Change YTD: 14.65%

Volume: 10,503,600 shares. 3 month avg: 1,230,068 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: Dead-cat bounce continuation pattern from 04/27/2023 to 04/27/2023

Breakout is downward 67% of the time.
Average decline: 18%.

CTS Corp (CTS)

Industry: Electronics

Industry RS rank: 46 out of 60

Stock RS rank: 212 out of 623

4/27/23 close: $40.63

1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $44.68 or 10.0% above the close.

Change YTD: 3.07%

Volume: 265,200 shares. 3 month avg: 73,662 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 Wednesday.

Chart pattern: Pipe top reversal pattern from 03/27/2023 to 04/03/2023

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.

Curtiss-Wright (CW)

Industry: Machinery

Industry RS rank: 40 out of 60

Stock RS rank: 359 out of 623

4/27/23 close: $167.98

1 Month avg volatility: $2.83. Volatility stop (for downward breakout): $173.87 or 3.5% above the close.

Change YTD: 0.59%

Volume: 529,600 shares. 3 month avg: 230,622 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 04/03/2023 to 04/18/2023

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.

DTE Energy Company (DTE)

Industry: Electric Utility (Central)

Industry RS rank: 28 out of 60

Stock RS rank: 338 out of 623

4/27/23 close: $113.45

1 Month avg volatility: $1.75. Volatility stop (for upward breakout): $108.96 or 4.0% below the close.

Change YTD: -3.47%

Volume: 1,123,900 shares. 3 month avg: 979,609 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Ugly double bottom reversal pattern from 03/23/2023 to 04/13/2023

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.

EPAM Systems Inc (EPAM)

Industry: IT Services

Industry RS rank: 25 out of 60

Stock RS rank: 557 out of 623

4/27/23 close: $279.25

1 Month avg volatility: $7.19. Volatility stop (for downward breakout): $296.81 or 6.3% above the close.

Change YTD: -14.80%

Volume: 348,100 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, Eve and Eve reversal pattern from 04/03/2023 to 04/13/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

Exelon Corp. (EXC)

Industry: Electric Utility (East)

Industry RS rank: 31 out of 60

Stock RS rank: 187 out of 623

4/27/23 close: $42.78

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $41.37 or 3.3% below the close.

Change YTD: -1.04%

Volume: 6,953,800 shares. 3 month avg: 5,244,875 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 03/23/2023 to 04/14/2023

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.

FactSet Research Systems Inc (FDS)

Industry: Information Services

Industry RS rank: 27 out of 60

Stock RS rank: 411 out of 623

4/27/23 close: $410.16

1 Month avg volatility: $7.50. Volatility stop (for upward breakout): $387.48 or 5.5% below the close.

Change YTD: 2.23%

Volume: 157,700 shares. 3 month avg: 411,949 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Ugly double bottom reversal pattern from 03/23/2023 to 04/10/2023

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.

Fair Isaac Corp (FICO)

Industry: IT Services

Industry RS rank: 25 out of 60

Stock RS rank: 9 out of 623

4/27/23 close: $734.68

1 Month avg volatility: $12.67. Volatility stop (for upward breakout): $693.84 or 5.6% below the close.

Change YTD: 22.74%

Volume: 241,900 shares. 3 month avg: 162,437 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 03/13/2023 to 03/20/2023

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.

Flextronics International Ltd (FLEX)

Industry: Electronics

Industry RS rank: 46 out of 60

Stock RS rank: 257 out of 623

4/27/23 close: $20.18

1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $21.23 or 5.2% above the close.

Change YTD: -5.96%

Volume: 5,823,100 shares. 3 month avg: 3,241,565 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 top reversal pattern from 03/27/2023 to 04/03/2023

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.

Fortive Corp (FTV)

Industry: Industrial Services

Industry RS rank: 19 out of 60

Stock RS rank: 362 out of 623

4/27/23 close: $63.60

1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $66.18 or 4.1% above the close.

Change YTD: -1.01%

Volume: 2,559,900 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 04/03/2023 to 04/14/2023

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.

Gilead Sciences Inc (GILD)

Industry: Biotechnology

Industry RS rank: 43 out of 60

Stock RS rank: 135 out of 623

4/27/23 close: $83.55

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $79.80 or 4.5% below the close.

Change YTD: -2.68%

Volume: 8,586,500 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: Ugly double bottom reversal pattern from 03/17/2023 to 04/12/2023

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.

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: 365 out of 623

4/27/23 close: $58.01

1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $62.24 or 7.3% above the close.

Change YTD: 7.65%

Volume: 1,529,900 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 02/14/2023 to 03/31/2023

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.

Harmonic Inc (HLIT)

Industry: Telecom. Equipment

Industry RS rank: 52 out of 60

Stock RS rank: 500 out of 623

4/27/23 close: $13.79

1 Month avg volatility: $0.43. Volatility stop (for downward breakout): $14.80 or 7.3% above the close.

Change YTD: 5.27%

Volume: 1,203,300 shares. 3 month avg: 585,235 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 04/10/2023 to 04/17/2023

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.

HealthEquity, Inc (HQY)

Industry: Healthcare Information

Industry RS rank: 48 out of 60

Stock RS rank: 590 out of 623

4/27/23 close: $54.73

1 Month avg volatility: $1.59. Volatility stop (for downward breakout): $58.28 or 6.5% above the close.

Change YTD: -11.21%

Volume: 344,400 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: Three Falling Peaks reversal pattern from 03/22/2023 to 04/17/2023

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.

Henry Schein Inc. (HSIC)

Industry: Medical Supplies

Industry RS rank: 9 out of 60

Stock RS rank: 181 out of 623

4/27/23 close: $81.19

1 Month avg volatility: $1.28. Volatility stop (for downward breakout): $84.22 or 3.7% above the close.

Change YTD: 1.65%

Volume: 697,000 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: Double Top, Adam and Adam reversal pattern from 04/11/2023 to 04/25/2023

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.

Kforce Inc (KFRC)

Industry: Human Resources

Industry RS rank: 55 out of 60

Stock RS rank: 436 out of 623

4/27/23 close: $58.79

1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $62.29 or 6.0% above the close.

Change YTD: 7.22%

Volume: 333,800 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: Pipe top reversal pattern from 04/10/2023 to 04/17/2023

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.

Lancaster Colony Corp (LANC)

Industry: Food Processing

Industry RS rank: 34 out of 60

Stock RS rank: 123 out of 623

4/27/23 close: $210.01

1 Month avg volatility: $3.42. Volatility stop (for upward breakout): $198.09 or 5.7% below the close.

Change YTD: 6.44%

Volume: 124,200 shares. 3 month avg: 112,417 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: Three Rising Valleys reversal pattern from 02/02/2023 to 04/17/2023

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.

Magnolia Oil and Gas Corp (MGY)

Industry: Petroleum (Producing)

Industry RS rank: 59 out of 60

Stock RS rank: 567 out of 623

4/27/23 close: $20.41

1 Month avg volatility: $0.58. Volatility stop (for downward breakout): $21.77 or 6.7% above the close.

Change YTD: -12.96%

Volume: 1,150,200 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 04/04/2023 to 04/17/2023

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.

MGE Energy Inc (MGEE)

Industry: Electric Utility (Central)

Industry RS rank: 28 out of 60

Stock RS rank: 155 out of 623

4/27/23 close: $76.77

1 Month avg volatility: $1.39. Volatility stop (for downward breakout): $80.03 or 4.3% above the close.

Change YTD: 9.05%

Volume: 49,700 shares. 3 month avg: 83,160 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 Thursday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/20/2023 to 04/21/2023

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.

Nasdaq Composite (^IXIC)

Industry: None

Industry RS rank: 13 out of 60

4/27/23 close: $12,142.24

1 Month avg volatility: $147.35. Volatility stop (for downward breakout): $12,448.70 or 2.5% above the close.

Change YTD: 16.01%

Volume: 0 shares. Could not calculate the 3 month avg volume.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 03/31/2023 to 04/18/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

Netgear Inc. (NTGR)

Industry: Telecom. Equipment

Industry RS rank: 52 out of 60

Stock RS rank: 605 out of 623

4/27/23 close: $14.51

1 Month avg volatility: $0.45. Volatility stop (for downward breakout): $15.90 or 9.6% above the close.

Change YTD: -19.88%

Volume: 767,600 shares. 3 month avg: 452,812 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: Dead-cat bounce continuation pattern from 04/27/2023 to 04/27/2023

Breakout is downward 67% of the time.
Average decline: 18%.

Network Appliance (NTAP)

Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 42 out of 60

Stock RS rank: 456 out of 623

4/27/23 close: $63.44

1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $65.97 or 4.0% above the close.

Change YTD: 5.63%

Volume: 1,600,300 shares. 3 month avg: 2,986,022 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 top reversal pattern from 04/10/2023 to 04/17/2023

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.

Novanta Inc (NOVT)

Industry: Precision Instrument

Industry RS rank: 39 out of 60

Stock RS rank: 186 out of 623

4/27/23 close: $154.72

1 Month avg volatility: $3.42. Volatility stop (for downward breakout): $161.59 or 4.4% above the close.

Change YTD: 13.87%

Volume: 74,600 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/31/2023 to 04/24/2023

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.

Palto Alto Networks Inc (PANW)

Industry: Computer Software and Svcs

Industry RS rank: 24 out of 60

Stock RS rank: 234 out of 623

4/27/23 close: $185.12

1 Month avg volatility: $3.90. Volatility stop (for downward breakout): $193.94 or 4.8% above the close.

Change YTD: 32.66%

Volume: 2,541,100 shares. 3 month avg: 1,496,697 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Broadening top reversal pattern from 03/21/2023 to 04/18/2023

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.

Patterson Companies Inc. (PDCO)

Industry: Medical Supplies

Industry RS rank: 9 out of 60

Stock RS rank: 406 out of 623

4/27/23 close: $27.11

1 Month avg volatility: $0.54. Volatility stop (for downward breakout): $28.19 or 4.0% above the close.

Change YTD: -3.28%

Volume: 748,300 shares. 3 month avg: 1,885,975 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: Rectangle bottom continuation pattern from 03/22/2023 to 04/27/2023

Breakout is downward 55% of the time.
Average decline: 14%.
Break-even failure rate: 16%.
Pullbacks occur 69% of the time.
Price hits measure rule target 50% of the time.

Penumbra, Inc (PEN)

Industry: Medical Supplies

Industry RS rank: 9 out of 60

Stock RS rank: 12 out of 623

4/27/23 close: $283.16

1 Month avg volatility: $6.46. Volatility stop (for downward breakout): $298.21 or 5.3% above the close.

Change YTD: 27.29%

Volume: 400,000 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 04/03/2023 to 04/18/2023

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.

Quaker Chemical (KWR)

Industry: Chemical (Specialty)

Industry RS rank: 12 out of 60

Stock RS rank: 133 out of 623

4/27/23 close: $183.95

1 Month avg volatility: $5.20. Volatility stop (for downward breakout): $194.91 or 6.0% above the close.

Change YTD: 10.22%

Volume: 105,200 shares. 3 month avg: 69,343 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.

Chart pattern: Double Top, Adam and Eve reversal pattern from 04/03/2023 to 04/12/2023

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.

Quest Diagnostics (DGX)

Industry: Medical Services

Industry RS rank: 54 out of 60

Stock RS rank: 410 out of 623

4/27/23 close: $141.01

1 Month avg volatility: $2.30. Volatility stop (for upward breakout): $131.99 or 6.4% below the close.

Change YTD: -9.86%

Volume: 2,719,000 shares. 3 month avg: 1,490,418 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 03/17/2023 to 04/19/2023

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.

Regeneron Pharmaceuticals (REGN)

Industry: Biotechnology

Industry RS rank: 43 out of 60

Stock RS rank: 277 out of 623

4/27/23 close: $792.29

1 Month avg volatility: $12.50. Volatility stop (for downward breakout): $821.41 or 3.7% above the close.

Change YTD: 9.81%

Volume: 748,900 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: Triple top reversal pattern from 03/29/2023 to 04/13/2023

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.

SAIA Inc (SAIA)

Industry: Trucking/Transp. Leasing

Industry RS rank: 26 out of 60

Stock RS rank: 61 out of 623

4/27/23 close: $259.92

1 Month avg volatility: $11.79. Volatility stop (for upward breakout): $224.05 or 13.8% below the close.

Change YTD: 23.96%

Volume: 809,200 shares. 3 month avg: 163,825 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: Pipe bottom reversal pattern from 04/03/2023 to 04/10/2023

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.

Sealed Air Corp (SEE)

Industry: Packaging and Container

Industry RS rank: 22 out of 60

Stock RS rank: 384 out of 623

4/27/23 close: $47.08

1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $44.15 or 6.2% below the close.

Change YTD: -5.61%

Volume: 880,500 shares. 3 month avg: 2,419,223 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: Scallop, ascending and inverted continuation pattern from 03/24/2023 to 04/26/2023

Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

Southwest Airlines Company (LUV)

Industry: Air Transport

Industry RS rank: 8 out of 60

Stock RS rank: 512 out of 623

4/27/23 close: $29.88

1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $31.62 or 5.8% above the close.

Change YTD: -11.26%

Volume: 23,036,400 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: Head-and-shoulders top reversal pattern from 03/31/2023 to 04/20/2023

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.

Splunk Inc (SPLK)

Industry: E-Commerce

Industry RS rank: 11 out of 60

Stock RS rank: 321 out of 623

4/27/23 close: $86.08

1 Month avg volatility: $2.45. Volatility stop (for downward breakout): $92.34 or 7.3% above the close.

Change YTD: -0.01%

Volume: 868,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/21/2023 to 04/18/2023

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.

SPS Commerce Inc (SPSC)

Industry: E-Commerce

Industry RS rank: 11 out of 60

Stock RS rank: 169 out of 623

4/27/23 close: $147.37

1 Month avg volatility: $4.03. Volatility stop (for downward breakout): $156.28 or 6.1% above the close.

Change YTD: 14.75%

Volume: 137,700 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: Triple top reversal pattern from 04/04/2023 to 04/24/2023

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.

Teradata Corp (TDC)

Industry: Computer Software and Svcs

Industry RS rank: 24 out of 60

Stock RS rank: 105 out of 623

4/27/23 close: $38.57

1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $39.98 or 3.7% above the close.

Change YTD: 14.59%

Volume: 457,300 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: Double Top, Eve and Eve reversal pattern from 04/04/2023 to 04/18/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

Texas Instruments Inc. (TXN)

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: 328 out of 623

4/27/23 close: $165.27

1 Month avg volatility: $3.76. Volatility stop (for downward breakout): $173.13 or 4.8% above the close.

Change YTD: 0.03%

Volume: 6,683,600 shares. 3 month avg: 4,332,837 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Head-and-shoulders top reversal pattern from 03/23/2023 to 04/18/2023

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.

Transocean Inc. (RIG)

Industry: Oilfield Svcs/Equipment

Industry RS rank: 60 out of 60

Stock RS rank: 15 out of 623

4/27/23 close: $5.79

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $6.49 or 12.0% above the close.

Change YTD: 26.97%

Volume: 9,748,300 shares. 3 month avg: 22,785,002 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: Head-and-shoulders top reversal pattern from 03/29/2023 to 04/13/2023

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.

Trex Company (TREX)

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: 167 out of 623

4/27/23 close: $54.03

1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $49.61 or 8.2% below the close.

Change YTD: 27.64%

Volume: 871,400 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: Head-and-shoulders bottom reversal pattern from 03/17/2023 to 04/05/2023

Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

UGI Corp. (UGI)

Industry: Natural Gas (Distributor)

Industry RS rank: 51 out of 60

Stock RS rank: 393 out of 623

4/27/23 close: $34.02

1 Month avg volatility: $0.59. Volatility stop (for downward breakout): $35.27 or 3.7% above the close.

Change YTD: -8.23%

Volume: 1,163,500 shares. 3 month avg: 686,418 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: Head-and-shoulders top reversal pattern from 04/03/2023 to 04/21/2023

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.

V. F. Corp (VFC)

Industry: Apparel

Industry RS rank: 23 out of 60

Stock RS rank: 551 out of 623

4/27/23 close: $23.14

1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $21.04 or 9.1% below the close.

Change YTD: -16.19%

Volume: 4,462,700 shares. 3 month avg: 2,795,366 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: Ugly double bottom reversal pattern from 03/24/2023 to 04/10/2023

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.

Wal-Mart Stores Inc. (WMT)

Industry: Retail Store

Industry RS rank: 47 out of 60

Stock RS rank: 286 out of 623

4/27/23 close: $151.38

1 Month avg volatility: $1.62. Volatility stop (for upward breakout): $147.54 or 2.5% below the close.

Change YTD: 6.76%

Volume: 4,269,400 shares. 3 month avg: 6,204,140 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: Ugly double bottom reversal pattern from 03/10/2023 to 04/14/2023

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.

Westlake Chemical Corp (WLK)

Industry: Chemical (Basic)

Industry RS rank: 41 out of 60

Stock RS rank: 188 out of 623

4/27/23 close: $111.29

1 Month avg volatility: $2.59. Volatility stop (for downward breakout): $116.56 or 4.7% above the close.

Change YTD: 8.53%

Volume: 380,500 shares. 3 month avg: 812,517 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: Double Top, Adam and Eve reversal pattern from 04/03/2023 to 04/14/2023

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.

Williams Companies Inc. (WMB)

Industry: Natural Gas (Distributor)

Industry RS rank: 51 out of 60

Stock RS rank: 470 out of 623

4/27/23 close: $29.81

1 Month avg volatility: $0.47. Volatility stop (for downward breakout): $30.81 or 3.4% above the close.

Change YTD: -9.39%

Volume: 6,179,100 shares. 3 month avg: 4,990,974 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: Head-and-shoulders top reversal pattern from 04/03/2023 to 04/24/2023

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.

Wolfspeed (WOLF)

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: 619 out of 623

4/27/23 close: $46.00

1 Month avg volatility: $2.93. Volatility stop (for downward breakout): $57.69 or 25.4% above the close.

Change YTD: -33.37%

Volume: 15,837,300 shares. 3 month avg: 2,005,123 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: Dead-cat bounce continuation pattern from 04/27/2023 to 04/27/2023

Breakout is downward 67% of the time.
Average decline: 18%.

iShares Expanded Tech-software Sector (IGV)

Industry: Computer Software and Svcs

Industry RS rank: 24 out of 60

Stock RS rank: 211 out of 623

4/27/23 close: $295.39

1 Month avg volatility: $4.21. Volatility stop (for downward breakout): $304.53 or 3.1% above the close.

Change YTD: 15.45%

Volume: 741,600 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: Double Top, Eve and Eve reversal pattern from 04/04/2023 to 04/18/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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: 96 out of 623

4/27/23 close: $404.84

1 Month avg volatility: $8.46. Volatility stop (for downward breakout): $422.28 or 4.3% above the close.

Change YTD: 16.34%

Volume: 1,034,900 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: Double Top, Eve and Eve reversal pattern from 03/23/2023 to 03/31/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

SPDR Technology Select Sector (XLK)

Industry: IT Services

Industry RS rank: 25 out of 60

Stock RS rank: 131 out of 623

4/27/23 close: $149.21

1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $153.38 or 2.8% above the close.

Change YTD: 19.91%

Volume: 5,983,100 shares. 3 month avg: 9,531,718 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 Top, Eve and Eve reversal pattern from 04/04/2023 to 04/18/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 11%.
Pullbacks occur 59% of the time.
Price hits measure rule target 73% of the time.

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