As of 10/03/2024
  Indus: 42,012 -184.93 -0.4%  
  Trans: 15,745 -226.81 -1.4%  
  Utils: 1,058 -6.74 -0.6%  
  Nasdaq: 17,918 -6.64 0.0%  
  S&P 500: 5,700 -9.60 -0.2%  
YTD
 +11.5%  
-1.0%  
 +20.0%  
 +19.4%  
 +19.5%  
  Targets    Overview: 09/30/2024  
  Up arrow43,500 or 41,600 by 10/15/2024
  Up arrow16,800 or 15,700 by 10/15/2024
  Up arrow1,125 or 1,025 by 10/15/2024
  Up arrow19,000 or 17,600 by 10/15/2024
  Up arrow5,900 or 5,600 by 10/15/2024
As of 10/03/2024
  Indus: 42,012 -184.93 -0.4%  
  Trans: 15,745 -226.81 -1.4%  
  Utils: 1,058 -6.74 -0.6%  
  Nasdaq: 17,918 -6.64 0.0%  
  S&P 500: 5,700 -9.60 -0.2%  
YTD
 +11.5%  
-1.0%  
 +20.0%  
 +19.4%  
 +19.5%  
  Targets    Overview: 09/30/2024  
  Up arrow43,500 or 41,600 by 10/15/2024
  Up arrow16,800 or 15,700 by 10/15/2024
  Up arrow1,125 or 1,025 by 10/15/2024
  Up arrow19,000 or 17,600 by 10/15/2024
  Up arrow5,900 or 5,600 by 10/15/2024

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.
 
Aon Corp (AON)
Industry: Insurance (Diversified)
Industry RS rank: 29 out of 60
Stock RS rank: 304 out of 627
8/3/23 close: $317.32
1 Month avg volatility: $5.98. Volatility stop (for downward breakout): $334.04 or 5.3% above the close.
Change YTD: 5.72%
Volume: 1,464,900 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: Triple top reversal pattern from 06/30/2023 to 07/25/2023
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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Avery Dennison Corp (AVY)
Industry: Packaging and Container
Industry RS rank: 32 out of 60
Stock RS rank: 359 out of 627
8/3/23 close: $185.16
1 Month avg volatility: $3.97. Volatility stop (for upward breakout): $175.61 or 5.2% below the close.
Change YTD: 2.30%
Volume: 679,100 shares. 3 month avg: 661,129 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: Three Rising Valleys reversal pattern from 06/01/2023 to 07/25/2023
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.

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Balchem Corp (BCPC)
Industry: Chemical (Specialty)
Industry RS rank: 18 out of 60
Stock RS rank: 319 out of 627
8/3/23 close: $133.95
1 Month avg volatility: $2.41. Volatility stop (for upward breakout): $128.73 or 3.9% below the close.
Change YTD: 9.70%
Volume: 72,200 shares. 3 month avg: 82,003 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple bottom reversal pattern from 07/06/2023 to 07/27/2023
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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Baxter International, Inc. (BAX)
Industry: Medical Supplies
Industry RS rank: 34 out of 60
Stock RS rank: 394 out of 627
8/3/23 close: $43.94
1 Month avg volatility: $1.12. Volatility stop (for downward breakout): $46.23 or 5.2% above the close.
Change YTD: -13.79%
Volume: 3,346,300 shares. 3 month avg: 2,457,589 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Pipe top reversal pattern from 07/17/2023 to 07/24/2023
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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Booking Holdings (BKNG)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 60
Stock RS rank: 120 out of 627
8/3/23 close: $2,839.91
1 Month avg volatility: $52.42. Volatility stop (for downward breakout): $2,954.84 or 4.1% above the close.
Change YTD: 40.92%
Volume: 577,400 shares. 3 month avg: 441,478 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: Double Top, Eve and Adam reversal pattern from 07/19/2023 to 07/28/2023
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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Brady Corp (BRC)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 424 out of 627
8/3/23 close: $51.47
1 Month avg volatility: $0.96. Volatility stop (for upward breakout): $48.72 or 5.3% below the close.
Change YTD: 9.28%
Volume: 622,200 shares. 3 month avg: 204,463 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 05/31/2023 to 07/07/2023
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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Ceridan HCM Holdings Inc (CDAY)
Industry: Information Services
Industry RS rank: 30 out of 60
Stock RS rank: 403 out of 627
8/3/23 close: $71.54
1 Month avg volatility: $2.19. Volatility stop (for downward breakout): $77.36 or 8.1% above the close.
Change YTD: 11.52%
Volume: 3,548,900 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: Double Top, Adam and Adam reversal pattern from 07/19/2023 to 07/31/2023
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.

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Dentsply Sirona Inc. (XRAY)
Industry: Medical Supplies
Industry RS rank: 34 out of 60
Stock RS rank: 210 out of 627
8/3/23 close: $39.28
1 Month avg volatility: $0.75. Volatility stop (for downward breakout): $42.42 or 8.0% above the close.
Change YTD: 23.37%
Volume: 2,632,900 shares. 3 month avg: 2,503,563 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 07/14/2023 to 07/27/2023
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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Forward Air Corp (FWRD)
Industry: Trucking/Transp. Leasing
Industry RS rank: 8 out of 60
Stock RS rank: 272 out of 627
8/3/23 close: $112.16
1 Month avg volatility: $3.15. Volatility stop (for downward breakout): $119.00 or 6.1% above the close.
Change YTD: 6.93%
Volume: 263,000 shares. 3 month avg: 140,032 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: Dead-cat bounce continuation pattern from 08/03/2023 to 08/03/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Friedman Industries Inc (FRD)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 21 out of 60
Stock RS rank: 8 out of 627
8/3/23 close: $17.94
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $15.81 or 11.9% below the close.
Change YTD: 83.25%
Volume: 32,500 shares. 3 month avg: 24,458 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 Wednesday.
 
Chart pattern: Flag, high and tight continuation pattern from 06/06/2023 to 08/03/2023
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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Gilead Sciences Inc (GILD)
Industry: Biotechnology
Industry RS rank: 44 out of 60
Stock RS rank: 474 out of 627
8/3/23 close: $75.53
1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $78.45 or 3.9% above the close.
Change YTD: -12.02%
Volume: 5,358,200 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: Pipe top reversal pattern from 07/17/2023 to 07/24/2023
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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Global Payments Inc (GPN)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 204 out of 627
8/3/23 close: $121.65
1 Month avg volatility: $2.79. Volatility stop (for upward breakout): $112.87 or 7.2% below the close.
Change YTD: 22.48%
Volume: 2,340,400 shares. 3 month avg: 1,112,569 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Ugly double bottom reversal pattern from 06/28/2023 to 07/27/2023
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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Harmonic Inc (HLIT)
Industry: Telecom. Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 572 out of 627
8/3/23 close: $10.85
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $12.23 or 12.7% above the close.
Change YTD: -17.18%
Volume: 3,980,700 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: Dead-cat bounce continuation pattern from 08/01/2023 to 08/01/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Hologic Inc (HOLX)
Industry: Medical Supplies
Industry RS rank: 34 out of 60
Stock RS rank: 440 out of 627
8/3/23 close: $76.18
1 Month avg volatility: $1.45. Volatility stop (for downward breakout): $79.35 or 4.2% above the close.
Change YTD: 1.83%
Volume: 1,730,600 shares. 3 month avg: 3,130,522 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, Eve and Eve reversal pattern from 06/20/2023 to 07/24/2023
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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Howmet Aerospace Inc (HWM)
Industry: Aerospace/Defense
Industry RS rank: 25 out of 60
Stock RS rank: 101 out of 627
8/3/23 close: $48.18
1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $50.17 or 4.1% above the close.
Change YTD: 22.25%
Volume: 2,595,700 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 07/12/2023 to 07/31/2023
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.

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Humana (HUM)
Industry: Medical Services
Industry RS rank: 45 out of 60
Stock RS rank: 395 out of 627
8/3/23 close: $487.15
1 Month avg volatility: $8.45. Volatility stop (for upward breakout): $463.87 or 4.8% below the close.
Change YTD: -4.89%
Volume: 1,854,900 shares. 3 month avg: 1,089,406 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 07/13/2023 to 07/28/2023
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.

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Kforce Inc (KFRC)
Industry: Human Resources
Industry RS rank: 54 out of 60
Stock RS rank: 199 out of 627
8/3/23 close: $60.54
1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $64.77 or 7.0% above the close.
Change YTD: 10.41%
Volume: 227,200 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 07/17/2023 to 07/24/2023
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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Kimberly-Clark Corp (KMB)
Industry: Household Products
Industry RS rank: 19 out of 60
Stock RS rank: 313 out of 627
8/3/23 close: $128.66
1 Month avg volatility: $1.96. Volatility stop (for downward breakout): $134.21 or 4.3% above the close.
Change YTD: -5.22%
Volume: 1,215,200 shares. 3 month avg: 1,579,689 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 06/05/2023 to 07/24/2023
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.

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Novanta Inc (NOVT)
Industry: Precision Instrument
Industry RS rank: 41 out of 60
Stock RS rank: 227 out of 627
8/3/23 close: $174.78
1 Month avg volatility: $3.66. Volatility stop (for downward breakout): $182.69 or 4.5% above the close.
Change YTD: 28.64%
Volume: 86,000 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: Double Top, Adam and Eve reversal pattern from 06/30/2023 to 07/17/2023
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.

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On Assignment, Inc. (ASGN)
Industry: Human Resources
Industry RS rank: 54 out of 60
Stock RS rank: 519 out of 627
8/3/23 close: $79.89
1 Month avg volatility: $2.09. Volatility stop (for downward breakout): $84.52 or 5.8% above the close.
Change YTD: -1.95%
Volume: 285,100 shares. 3 month avg: 295,840 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 07/17/2023 to 07/24/2023
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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Pioneer Natural Resources Co. (PXD)
Industry: Petroleum (Producing)
Industry RS rank: 24 out of 60
Stock RS rank: 250 out of 627
8/3/23 close: $229.98
1 Month avg volatility: $4.69. Volatility stop (for upward breakout): $218.43 or 5.0% below the close.
Change YTD: 0.70%
Volume: 2,520,500 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: Rounding bottom continuation pattern from 04/17/2023 to 08/02/2023
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Rambus Inc (RMBS)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 68 out of 627
8/3/23 close: $53.62
1 Month avg volatility: $2.30. Volatility stop (for downward breakout): $58.42 or 9.0% above the close.
Change YTD: 49.69%
Volume: 1,616,400 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 Thursday.
 
Chart pattern: Dead-cat bounce continuation pattern from 08/01/2023 to 08/01/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 47 out of 60
Stock RS rank: 599 out of 627
8/3/23 close: $56.40
1 Month avg volatility: $2.58. Volatility stop (for downward breakout): $64.59 or 14.5% above the close.
Change YTD: 16.07%
Volume: 1,038,300 shares. 3 month avg: 327,891 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 07/12/2023 to 08/01/2023
WARNING: A dead-cat bounce occurred on 08/02/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023 and a 38% chance by 01/31/2024.
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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Summit Materials Inc (SUM)
Industry: Cement and Aggregates
Industry RS rank: 3 out of 60
Stock RS rank: 148 out of 627
8/3/23 close: $37.29
1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $34.93 or 6.3% below the close.
Change YTD: 31.35%
Volume: 1,028,500 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: Triangle, symmetrical continuation pattern from 06/30/2023 to 08/02/2023
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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Xcel Energy, Inc (XEL)
Industry: Electric Utility (West)
Industry RS rank: 50 out of 60
Stock RS rank: 499 out of 627
8/3/23 close: $61.32
1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $59.05 or 3.7% below the close.
Change YTD: -12.54%
Volume: 4,025,700 shares. 3 month avg: 3,202,808 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 bottom reversal pattern from 07/05/2023 to 07/26/2023
Breakout is upward 53% of the time.
Average rise: 27%.
Break-even failure rate: 10%.
Throwbacks occur 41% of the time.
Price hits measure rule target 59% of the time.

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Zebra Technologies Corp (ZBRA)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 36 out of 60
Stock RS rank: 582 out of 627
8/3/23 close: $249.55
1 Month avg volatility: $9.14. Volatility stop (for downward breakout): $270.57 or 8.4% above the close.
Change YTD: -2.68%
Volume: 1,170,000 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: Dead-cat bounce continuation pattern from 08/01/2023 to 08/01/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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