As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

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.

Industry: Computer Software and Svcs

Industry RS rank: 9 out of 60

Stock RS rank: 229 out of 627

5/18/23 close: $360.43

1 Month avg volatility: $9.07. Volatility stop (for upward breakout): $338.31 or 6.1% below the close.

Change YTD: 7.10%

Volume: 2,893,500 shares. 3 month avg: 3,137,863 shares.

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

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 05/04/2023 to 05/12/2023

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.

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: 268 out of 627

5/18/23 close: $92.36

1 Month avg volatility: $1.95. Volatility stop (for upward breakout): $86.50 or 6.3% below the close.

Change YTD: 7.67%

Volume: 99,600 shares. 3 month avg: 447,252 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 Adam reversal pattern from 04/27/2023 to 05/04/2023

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.

Industry: Computer Software and Svcs

Industry RS rank: 9 out of 60

Stock RS rank: 362 out of 627

5/18/23 close: $51.14

1 Month avg volatility: $1.21. Volatility stop (for downward breakout): $53.63 or 4.9% above the close.

Change YTD: 3.35%

Volume: 295,800 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Triangle, descending reversal pattern from 03/16/2023 to 04/24/2023

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 33 out of 60

Stock RS rank: 454 out of 627

5/18/23 close: $118.89

1 Month avg volatility: $2.47. Volatility stop (for upward breakout): $112.53 or 5.4% below the close.

Change YTD: -12.32%

Volume: 1,512,300 shares. 3 month avg: 1,838,948 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Ugly double bottom reversal pattern from 03/24/2023 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.

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: 299 out of 627

5/18/23 close: $54.31

1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $50.39 or 7.2% below the close.

Change YTD: 11.15%

Volume: 85,900 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: Pipe bottom reversal pattern from 04/24/2023 to 05/01/2023

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.

Industry: Insurance (Diversified)

Industry RS rank: 30 out of 60

Stock RS rank: 177 out of 627

5/18/23 close: $324.23

1 Month avg volatility: $5.57. Volatility stop (for upward breakout): $308.99 or 4.7% below the close.

Change YTD: 8.03%

Volume: 815,900 shares. 3 month avg: 1,880,728 shares.

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

 

Chart pattern: Ugly double bottom reversal pattern from 03/15/2023 to 04/28/2023

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.

Industry: Electric Utility (West)

Industry RS rank: 34 out of 60

Stock RS rank: 410 out of 627

5/18/23 close: $63.19

1 Month avg volatility: $1.14. Volatility stop (for downward breakout): $65.72 or 4.0% above the close.

Change YTD: -10.16%

Volume: 401,400 shares. 3 month avg: 512,838 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 reversal pattern from 04/18/2023 to 05/05/2023

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.

Industry: Information Services

Industry RS rank: 37 out of 60

Stock RS rank: 212 out of 627

5/18/23 close: $154.19

1 Month avg volatility: $2.65. Volatility stop (for upward breakout): $146.78 or 4.8% below the close.

Change YTD: 14.96%

Volume: 401,500 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: Head-and-shoulders bottom reversal pattern from 03/01/2023 to 04/06/2023

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.

Industry: Precision Instrument

Industry RS rank: 43 out of 60

Stock RS rank: 195 out of 627

5/18/23 close: $74.53

1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $79.62 or 6.8% above the close.

Change YTD: 9.04%

Volume: 645,900 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: Big M reversal pattern from 04/14/2023 to 05/04/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 11%.

Pullbacks occur 63% of the time.

Price hits measure rule target 57% of the time.

Industry: Cement and Aggregates

Industry RS rank: 7 out of 60

Stock RS rank: 62 out of 627

5/18/23 close: $50.04

1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $48.06 or 4.0% below the close.

Change YTD: 25.76%

Volume: 454,700 shares. 3 month avg: 546,094 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Head-and-shoulders bottom reversal pattern from 03/16/2023 to 05/02/2023

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.

Industry: Human Resources

Industry RS rank: 55 out of 60

Stock RS rank: 576 out of 627

5/18/23 close: $25.30

1 Month avg volatility: $1.01. Volatility stop (for upward breakout): $23.08 or 8.8% below the close.

Change YTD: -4.78%

Volume: 321,600 shares. 3 month avg: 226,311 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 04/24/2023 to 05/01/2023

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.

Industry: Electric Utility (Central)

Industry RS rank: 39 out of 60

Stock RS rank: 406 out of 627

5/18/23 close: $108.90

1 Month avg volatility: $1.92. Volatility stop (for downward breakout): $113.05 or 3.8% above the close.

Change YTD: -7.34%

Volume: 1,225,500 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: Head-and-shoulders top reversal pattern from 04/12/2023 to 05/10/2023

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.

Industry: Electric Utility (East)

Industry RS rank: 40 out of 60

Stock RS rank: 402 out of 627

5/18/23 close: $92.81

1 Month avg volatility: $1.52. Volatility stop (for downward breakout): $96.06 or 3.5% above the close.

Change YTD: -9.88%

Volume: 2,775,400 shares. 3 month avg: 2,571,354 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 04/12/2023 to 05/08/2023

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.

Industry: Cement and Aggregates

Industry RS rank: 7 out of 60

Stock RS rank: 58 out of 627

5/18/23 close: $166.03

1 Month avg volatility: $3.24. Volatility stop (for upward breakout): $154.24 or 7.1% below the close.

Change YTD: 24.98%

Volume: 642,000 shares. 3 month avg: 553,088 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Head-and-shoulders bottom reversal pattern from 02/24/2023 to 04/10/2023

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.

Industry: Natural Gas (Diversified)

Industry RS rank: 57 out of 60

Stock RS rank: 468 out of 627

5/18/23 close: $36.84

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $32.33 or 12.3% below the close.

Change YTD: 8.90%

Volume: 9,071,900 shares. 3 month avg: 3,960,946 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 Bottom, Adam and Adam reversal pattern from 04/26/2023 to 05/04/2023

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.

Industry: Machinery

Industry RS rank: 46 out of 60

Stock RS rank: 190 out of 627

5/18/23 close: $35.24

1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $32.70 or 7.2% below the close.

Change YTD: 14.86%

Volume: 844,400 shares. 3 month avg: 1,457,883 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: Ugly double bottom reversal pattern from 03/17/2023 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.

Industry: Computer Software and Svcs

Industry RS rank: 9 out of 60

Stock RS rank: 67 out of 627

5/18/23 close: $68.14

1 Month avg volatility: $1.48. Volatility stop (for upward breakout): $64.78 or 4.9% below the close.

Change YTD: 39.37%

Volume: 4,570,500 shares. 3 month avg: 1,532,971 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 bottom reversal pattern from 04/24/2023 to 05/01/2023

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.

Industry: Retail (Special Lines)

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

Industry RS rank: 35 out of 60

Stock RS rank: 509 out of 627

5/18/23 close: $23.05

1 Month avg volatility: $0.81. Volatility stop (for upward breakout): $21.06 or 8.6% below the close.

Change YTD: 24.86%

Volume: 2,133,700 shares. 3 month avg: 3,063,175 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 04/24/2023 to 05/01/2023

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.

Industry: Cement and Aggregates

Industry RS rank: 7 out of 60

Stock RS rank: 52 out of 627

5/18/23 close: $64.76

1 Month avg volatility: $1.40. Volatility stop (for upward breakout): $60.25 or 7.0% below the close.

Change YTD: 30.04%

Volume: 283,700 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: Triple bottom reversal pattern from 03/16/2023 to 04/06/2023

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.

Industry: Advertising

Industry RS rank: 11 out of 60

Stock RS rank: 113 out of 627

5/18/23 close: $38.41

1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $35.63 or 7.2% below the close.

Change YTD: 15.31%

Volume: 5,890,400 shares. 3 month avg: 6,516,800 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 04/27/2023 to 05/04/2023

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 60 out of 60

Stock RS rank: 171 out of 627

5/18/23 close: $5.82

1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $4.98 or 14.4% below the close.

Change YTD: -6.43%

Volume: 74,300 shares. 3 month avg: 303,508 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: Big W reversal pattern from 03/24/2023 to 04/28/2023

WARNING: A dead-cat bounce occurred on 02/09/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/10/2023.

Breakout is upward 71% of the time.

Average rise: 31%.

Break-even failure rate: 11%.

Throwbacks occur 32% of the time.

Price hits measure rule target 42% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 54 out of 60

Stock RS rank: 175 out of 627

5/18/23 close: $142.57

1 Month avg volatility: $2.67. Volatility stop (for upward breakout): $135.90 or 4.7% below the close.

Change YTD: 13.38%

Volume: 1,202,700 shares. 3 month avg: 1,342,054 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, Adam and Adam reversal pattern from 05/04/2023 to 05/11/2023

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.

Industry: Computers and Peripherals

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

Industry RS rank: 29 out of 60

Stock RS rank: 533 out of 627

5/18/23 close: $24.82

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $22.90 or 7.7% below the close.

Change YTD: -7.25%

Volume: 4,217,500 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 Eve reversal pattern from 04/26/2023 to 05/04/2023

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.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 5 out of 60

Stock RS rank: 12 out of 627

5/18/23 close: $58.71

1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $50.79 or 13.5% below the close.

Change YTD: 63.90%

Volume: 3,784,300 shares. 3 month avg: 669,732 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 04/24/2023 to 05/01/2023

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.

Industry: Petroleum (Producing)

Industry RS rank: 59 out of 60

Stock RS rank: 248 out of 627

5/18/23 close: $29.49

1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $25.44 or 13.7% below the close.

Change YTD: 17.87%

Volume: 7,509,400 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 bottom reversal pattern from 04/26/2023 to 05/11/2023

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.

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 81 out of 627

5/18/23 close: $129.44

1 Month avg volatility: $3.54. Volatility stop (for downward breakout): $137.80 or 6.5% above the close.

Change YTD: 15.51%

Volume: 323,100 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 05/01/2023 to 05/08/2023

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.

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 300 out of 627

5/18/23 close: $5.22

1 Month avg volatility: $0.17. Volatility stop (for downward breakout): $5.63 or 7.8% above the close.

Change YTD: -0.25%

Volume: 2,162,300 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, Eve and Eve reversal pattern from 04/13/2023 to 05/08/2023

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.

Industry: Electronics

Industry RS rank: 13 out of 60

Stock RS rank: 172 out of 627

5/18/23 close: $15.71

1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $14.46 or 8.0% below the close.

Change YTD: 32.46%

Volume: 710,900 shares. 3 month avg: 835,520 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: Head-and-shoulders bottom reversal pattern from 04/26/2023 to 05/12/2023

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.

Industry: Apparel

Industry RS rank: 27 out of 60

Stock RS rank: 59 out of 627

5/18/23 close: $44.13

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $41.19 or 6.7% below the close.

Change YTD: 15.89%

Volume: 3,280,800 shares. 3 month avg: 3,145,718 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 bottom reversal pattern from 05/01/2023 to 05/08/2023

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.

Industry: Metals and Mining (Div.)

Industry RS rank: 16 out of 60

Stock RS rank: 56 out of 627

5/18/23 close: $47.85

1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $50.88 or 6.3% above the close.

Change YTD: 22.84%

Volume: 1,893,000 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, Adam and Eve reversal pattern from 04/13/2023 to 05/09/2023

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.

Industry: Industrial Services

Industry RS rank: 20 out of 60

Stock RS rank: 350 out of 627

5/18/23 close: $45.74

1 Month avg volatility: $1.45. Volatility stop (for upward breakout): $41.81 or 8.6% below the close.

Change YTD: 1.26%

Volume: 1,518,700 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: Triangle, symmetrical continuation pattern from 04/03/2023 to 05/18/2023

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.

Industry: Computers and Peripherals

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

Industry RS rank: 29 out of 60

Stock RS rank: 208 out of 627

5/18/23 close: $279.33

1 Month avg volatility: $8.10. Volatility stop (for upward breakout): $253.42 or 9.3% below the close.

Change YTD: 8.94%

Volume: 360,600 shares. 3 month avg: 395,197 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 05/02/2023 to 05/12/2023

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.

Industry: IT Services

Industry RS rank: 24 out of 60

Stock RS rank: 106 out of 627

5/18/23 close: $56.67

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $54.38 or 4.1% below the close.

Change YTD: 26.41%

Volume: 145,700 shares. 3 month avg: 59,600 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 Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 03/07/2022 to 03/14/2022

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.