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.
 
3M Company (MMM)
Industry: Diversified Co.
Industry RS rank: 24 out of 60
Stock RS rank: 472 out of 627
8/10/23 close: $103.90
1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $109.78 or 5.7% above the close.
Change YTD: -13.36%
Volume: 2,200,900 shares. 3 month avg: 3,021,471 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 07/24/2023 to 07/31/2023
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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ADTRAN Inc (ADTN)
Industry: Telecom. Equipment
Industry RS rank: 59 out of 60
Stock RS rank: 626 out of 627
8/10/23 close: $7.65
1 Month avg volatility: $0.35. Volatility stop (for downward breakout): $8.66 or 13.2% above the close.
Change YTD: -59.29%
Volume: 1,036,600 shares. 3 month avg: 348,746 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: Dead-cat bounce continuation pattern from 08/07/2023 to 08/07/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Alarm.com Holdings inc (ALRM)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 156 out of 627
8/10/23 close: $61.05
1 Month avg volatility: $1.39. Volatility stop (for downward breakout): $63.95 or 4.8% above the close.
Change YTD: 23.38%
Volume: 1,108,300 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: Double Top, Eve and Eve reversal pattern from 07/18/2023 to 07/28/2023
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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Alteryx, Inc (AYX)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 623 out of 627
8/10/23 close: $28.93
1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $33.85 or 17.0% above the close.
Change YTD: -42.91%
Volume: 2,484,900 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: Dead-cat bounce continuation pattern from 08/08/2023 to 08/08/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Arch Capital Group Ltd (ACGL)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 51 out of 60
Stock RS rank: 89 out of 627
8/10/23 close: $76.58
1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $81.34 or 6.2% above the close.
Change YTD: 21.98%
Volume: 1,048,900 shares. 3 month avg: 517,168 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: 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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Charles River Labs Intl (CRL)
Industry: Biotechnology
Industry RS rank: 29 out of 60
Stock RS rank: 539 out of 627
8/10/23 close: $217.61
1 Month avg volatility: $5.21. Volatility stop (for downward breakout): $228.24 or 4.9% above the close.
Change YTD: -0.13%
Volume: 775,500 shares. 3 month avg: 379,248 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Broadening top, right-angled and ascending reversal pattern from 06/16/2023 to 08/04/2023
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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CTS Corp (CTS)
Industry: Electronics
Industry RS rank: 21 out of 60
Stock RS rank: 256 out of 627
8/10/23 close: $44.74
1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $42.43 or 5.2% below the close.
Change YTD: 13.50%
Volume: 88,300 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: Triple bottom reversal pattern from 06/28/2023 to 07/25/2023
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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Diamondback Energy Inc (FANG)
Industry: Petroleum (Producing)
Industry RS rank: 23 out of 60
Stock RS rank: 251 out of 627
8/10/23 close: $149.70
1 Month avg volatility: $2.97. Volatility stop (for upward breakout): $142.72 or 4.7% below the close.
Change YTD: 9.45%
Volume: 1,641,400 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: Rounding bottom continuation pattern from 04/14/2023 to 08/03/2023
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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Distribution Solutions (DSGR)
Industry: Metal Fabricating
Industry RS rank: 54 out of 60
Stock RS rank: 123 out of 627
8/10/23 close: $52.10
1 Month avg volatility: $1.74. Volatility stop (for downward breakout): $56.37 or 8.2% above the close.
Change YTD: 41.35%
Volume: 25,200 shares. 3 month avg: 11,408 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 Friday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 07/21/2023 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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eBay, Inc. (EBAY)
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: 507 out of 627
8/10/23 close: $43.29
1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $46.52 or 7.5% above the close.
Change YTD: 4.39%
Volume: 3,120,100 shares. 3 month avg: 8,868,903 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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Fortinet Inc (FTNT)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 283 out of 627
8/10/23 close: $60.56
1 Month avg volatility: $2.10. Volatility stop (for downward breakout): $66.40 or 9.6% above the close.
Change YTD: 23.87%
Volume: 10,940,500 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: Dead-cat bounce continuation pattern from 08/04/2023 to 08/04/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Gap Inc. (GPS)
Industry: Apparel
Industry RS rank: 40 out of 60
Stock RS rank: 573 out of 627
8/10/23 close: $10.55
1 Month avg volatility: $0.37. Volatility stop (for upward breakout): $9.66 or 8.4% below the close.
Change YTD: -6.47%
Volume: 5,690,300 shares. 3 month avg: 5,662,882 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 03/23/2023 to 06/28/2023
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.

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Heartland Express, Inc (HTLD)
Industry: Trucking/Transp. Leasing
Industry RS rank: 14 out of 60
Stock RS rank: 420 out of 627
8/10/23 close: $15.32
1 Month avg volatility: $0.36. Volatility stop (for downward breakout): $16.24 or 6.0% above the close.
Change YTD: -0.13%
Volume: 352,100 shares. 3 month avg: 472,148 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 top reversal pattern from 07/24/2023 to 07/31/2023
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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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 1 out of 60
Stock RS rank: 8 out of 627
8/10/23 close: $105.77
1 Month avg volatility: $4.20. Volatility stop (for upward breakout): $95.60 or 9.6% below the close.
Change YTD: 151.35%
Volume: 22,700 shares. 3 month avg: 1,539,280 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: Triangle, symmetrical continuation pattern from 07/17/2023 to 08/10/2023
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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Incyte Corp. (INCY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 15 out of 60
Stock RS rank: 560 out of 627
8/10/23 close: $65.51
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $62.75 or 4.2% below the close.
Change YTD: -18.44%
Volume: 1,683,000 shares. 3 month avg: 1,771,434 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: Triple bottom reversal pattern from 06/01/2023 to 06/29/2023
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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Interactive Brokers Group Inc (IBKR)
Industry: Securities Brokerage
Industry RS rank: 58 out of 60
Stock RS rank: 229 out of 627
8/10/23 close: $90.45
1 Month avg volatility: $1.91. Volatility stop (for upward breakout): $86.15 or 4.8% below the close.
Change YTD: 25.02%
Volume: 541,500 shares. 3 month avg: 658,995 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 05/24/2023 to 07/20/2023
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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Jazz Pharmaceuticals, Inc. (JAZZ)
Industry: Biotechnology
Industry RS rank: 29 out of 60
Stock RS rank: 482 out of 627
8/10/23 close: $135.18
1 Month avg volatility: $2.55. Volatility stop (for upward breakout): $127.40 or 5.8% below the close.
Change YTD: -15.15%
Volume: 1,012,900 shares. 3 month avg: 454,337 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Ugly double bottom reversal pattern from 07/07/2023 to 08/02/2023
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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Kulicke and Soffa (KLIC)
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: 359 out of 627
8/10/23 close: $52.96
1 Month avg volatility: $1.40. Volatility stop (for upward breakout): $49.33 or 6.9% below the close.
Change YTD: 19.66%
Volume: 1,076,000 shares. 3 month avg: 518,337 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: Multi-peaks from 06/14/2023 to 08/01/2023

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LiveRamp Holdings (RAMP)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 43 out of 627
8/10/23 close: $32.03
1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $33.74 or 5.4% above the close.
Change YTD: 36.65%
Volume: 1,659,900 shares. 3 month avg: 906,945 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 07/03/2023 to 08/01/2023
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

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Magnolia Oil and Gas Corp (MGY)
Industry: Petroleum (Producing)
Industry RS rank: 23 out of 60
Stock RS rank: 323 out of 627
8/10/23 close: $22.73
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $21.20 or 6.7% below the close.
Change YTD: -3.07%
Volume: 2,117,000 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: Cup with handle continuation pattern from 04/17/2023 to 08/10/2023
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 5%.
Throwbacks occur 58% of the time.
Price hits measure rule target 50% of the time.

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Nasdaq Composite (^IXIC)
Industry: None
Industry RS rank: 6 out of 60
8/10/23 close: $13,737.99
1 Month avg volatility: $168.69. Volatility stop (for downward breakout): $14,284.53 or 4.0% above the close.
Change YTD: 31.26%
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, Adam and Eve reversal pattern from 07/19/2023 to 07/31/2023
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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Netgear Inc. (NTGR)
Industry: Telecom. Equipment
Industry RS rank: 59 out of 60
Stock RS rank: 603 out of 627
8/10/23 close: $13.04
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $14.28 or 9.5% above the close.
Change YTD: -28.00%
Volume: 529,600 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: Broadening top, right-angled and ascending reversal pattern from 05/15/2023 to 07/27/2023
WARNING: A dead-cat bounce occurred on 04/27/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/26/2023.
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Network Appliance (NTAP)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 43 out of 60
Stock RS rank: 112 out of 627
8/10/23 close: $76.84
1 Month avg volatility: $1.49. Volatility stop (for downward breakout): $80.75 or 5.1% above the close.
Change YTD: 27.94%
Volume: 2,165,500 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: Head-and-shoulders top reversal pattern from 07/12/2023 to 08/02/2023
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

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Outfont Media (OUT)
Industry: Advertising
Industry RS rank: 49 out of 60
Stock RS rank: 616 out of 627
8/10/23 close: $11.89
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $13.04 or 9.7% above the close.
Change YTD: -28.29%
Volume: 2,487,600 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 08/04/2023 to 08/04/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 59 out of 60
Stock RS rank: 515 out of 627
8/10/23 close: $115.61
1 Month avg volatility: $3.05. Volatility stop (for upward breakout): $108.98 or 5.7% below the close.
Change YTD: 5.16%
Volume: 6,196,500 shares. 3 month avg: 12,234,022 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: Ugly double bottom reversal pattern from 05/25/2023 to 06/23/2023
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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Schlumberger Limited (SLB)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 185 out of 627
8/10/23 close: $58.92
1 Month avg volatility: $1.27. Volatility stop (for upward breakout): $55.80 or 5.3% below the close.
Change YTD: 10.21%
Volume: 8,836,900 shares. 3 month avg: 8,320,412 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: Cup with handle continuation pattern from 02/14/2023 to 08/09/2023
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 5%.
Throwbacks occur 58% of the time.
Price hits measure rule target 50% of the time.

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Teradata Corp (TDC)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 48 out of 627
8/10/23 close: $45.18
1 Month avg volatility: $1.41. Volatility stop (for downward breakout): $49.70 or 10.0% above the close.
Change YTD: 34.22%
Volume: 1,754,000 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 Adam reversal pattern from 07/19/2023 to 08/01/2023
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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The Trade Desk (TTD)
Industry: Advertising
Industry RS rank: 49 out of 60
Stock RS rank: 15 out of 627
8/10/23 close: $77.09
1 Month avg volatility: $3.07. Volatility stop (for downward breakout): $87.64 or 13.7% above the close.
Change YTD: 71.96%
Volume: 8,700,200 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, Eve and Eve reversal pattern from 07/17/2023 to 07/31/2023
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.

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Tredegar Corp (TG)
Industry: Chemical (Specialty)
Industry RS rank: 12 out of 60
Stock RS rank: 625 out of 627
8/10/23 close: $5.24
1 Month avg volatility: $0.24. Volatility stop (for downward breakout): $5.75 or 9.7% above the close.
Change YTD: -48.73%
Volume: 356,100 shares. 3 month avg: 64,734 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 Monday.
 
Chart pattern: Dead-cat bounce continuation pattern from 08/09/2023 to 08/09/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Veeva Systems Inc (VEEV)
Industry: Healthcare Information
Industry RS rank: 27 out of 60
Stock RS rank: 166 out of 627
8/10/23 close: $192.66
1 Month avg volatility: $4.39. Volatility stop (for downward breakout): $206.17 or 7.0% above the close.
Change YTD: 19.38%
Volume: 501,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 06/21/2023 to 07/31/2023
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

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Visteon Corp (VC)
Industry: Electronics
Industry RS rank: 21 out of 60
Stock RS rank: 481 out of 627
8/10/23 close: $142.23
1 Month avg volatility: $4.80. Volatility stop (for downward breakout): $158.08 or 11.1% above the close.
Change YTD: 8.71%
Volume: 222,200 shares. 3 month avg: 255,915 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: Triple top reversal pattern from 07/12/2023 to 08/03/2023
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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Wolverine World Wide (WWW)
Industry: Shoe
Industry RS rank: 10 out of 60
Stock RS rank: 619 out of 627
8/10/23 close: $8.77
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $10.70 or 22.1% above the close.
Change YTD: -19.76%
Volume: 6,347,000 shares. 3 month avg: 772,149 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Dead-cat bounce continuation pattern from 08/10/2023 to 08/10/2023
Breakout is downward 67% of the time.
Average decline: 18%.

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Vanguard Mega Cap Growth ETF (MGK)
Industry: None
Industry RS rank: 6 out of 60
Stock RS rank: 88 out of 627
8/10/23 close: $234.24
1 Month avg volatility: $2.88. Volatility stop (for downward breakout): $243.31 or 3.9% above the close.
Change YTD: 36.13%
Volume: 239,200 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 07/19/2023 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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Vanguard Russell 1000 Growth (VONG)
Industry: None
Industry RS rank: 6 out of 60
Stock RS rank: 110 out of 627
8/10/23 close: $70.56
1 Month avg volatility: $0.81. Volatility stop (for downward breakout): $73.19 or 3.7% above the close.
Change YTD: 28.52%
Volume: 610,300 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 07/19/2023 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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