As of 05/10/2024

Indus: 39,513 +125.08 +0.3%

Trans: 15,597 +84.96 +0.5%

Utils: 942 -0.84 -0.1%

Nasdaq: 16,341 -5.39 0.0%

S&P 500: 5,223 +8.60 +0.2%

YTD

+4.8%

-1.9%

+6.9%

+8.9%

+9.5%

Targets Overview: 04/29/2024

39,950 or 38,500 by 06/01/2024

15,820 or 14,600 by 05/15/2024

960 or 900 by 06/01/2024

16,700 or 15,200 by 05/15/2024

5,250 or 4,850 by 05/15/2024

Chart Pattern Indicator:

on 5/1/24

As of 05/10/2024

Indus: 39,513 +125.08 +0.3%

Trans: 15,597 +84.96 +0.5%

Utils: 942 -0.84 -0.1%

Nasdaq: 16,341 -5.39 0.0%

S&P 500: 5,223 +8.60 +0.2%

YTD

+4.8%

-1.9%

+6.9%

+8.9%

+9.5%

Targets Overview: 04/29/2024

39,950 or 38,500 by 06/01/2024

15,820 or 14,600 by 05/15/2024

960 or 900 by 06/01/2024

16,700 or 15,200 by 05/15/2024

5,250 or 4,850 by 05/15/2024

Chart Pattern Indicator:

on 5/1/24

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.

3M Company (MMM)

Industry: Diversified Co.

Industry RS rank: 35 out of 60

Stock RS rank: 311 out of 623

12/7/23 close: $103.28

1 Month avg volatility: $1.58. Volatility stop (for upward breakout): $99.24 or 3.9% below the close.

Change YTD: -13.88%

Volume: 2,345,300 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: Ugly double bottom reversal pattern from 10/23/2023 to 11/21/2023

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.

Abbott Laboratories (ABT)

Industry: Medical Supplies

Industry RS rank: 58 out of 60

Stock RS rank: 308 out of 623

12/7/23 close: $104.05

1 Month avg volatility: $1.54. Volatility stop (for upward breakout): $100.88 or 3.0% below the close.

Change YTD: -5.23%

Volume: 5,179,500 shares. 3 month avg: 6,008,617 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: Triangle, symmetrical continuation pattern from 10/10/2023 to 11/10/2023

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.

Alcoa (AA)

Industry: Aerospace/Defense

Industry RS rank: 26 out of 60

Stock RS rank: 600 out of 623

12/7/23 close: $24.94

1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $22.49 or 9.8% below the close.

Change YTD: -45.15%

Volume: 6,763,800 shares. 3 month avg: 8,355,648 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: Ugly double bottom reversal pattern from 10/23/2023 to 11/10/2023

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.

Alkermes (ALKS)

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

Industry RS rank: 16 out of 60

Stock RS rank: 548 out of 623

12/7/23 close: $26.16

1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $24.52 or 6.3% below the close.

Change YTD: 0.11%

Volume: 2,465,900 shares. 3 month avg: 949,792 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: Horn bottom reversal pattern from 11/13/2023 to 11/27/2023

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 9%.
Throwbacks occur 29% of the time.
Price hits measure rule target 76% of the time.

Allegiant Travel Company (ALGT)

Industry: Air Transport

Industry RS rank: 39 out of 60

Stock RS rank: 602 out of 623

12/7/23 close: $75.49

1 Month avg volatility: $2.97. Volatility stop (for upward breakout): $67.01 or 11.2% below the close.

Change YTD: 11.03%

Volume: 247,500 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: Pipe bottom reversal pattern from 11/06/2023 to 11/13/2023

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

American Eagle Outfitters Inc. (AEO)

Industry: Apparel

Industry RS rank: 11 out of 60

Stock RS rank: 7 out of 623

12/7/23 close: $20.16

1 Month avg volatility: $0.65. Volatility stop (for upward breakout): $18.44 or 8.6% below the close.

Change YTD: 44.41%

Volume: 3,276,600 shares. 3 month avg: 4,309,748 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 11/20/2023 to 11/27/2023

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.

American Woodmark Corp (AMWD)

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

Industry RS rank: 9 out of 60

Stock RS rank: 57 out of 623

12/7/23 close: $85.79

1 Month avg volatility: $2.12. Volatility stop (for upward breakout): $79.26 or 7.6% below the close.

Change YTD: 75.58%

Volume: 120,600 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: Ugly double bottom reversal pattern from 10/27/2023 to 11/30/2023

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.

Apple Inc. (AAPL)

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: 203 out of 623

12/7/23 close: $194.27

1 Month avg volatility: $2.26. Volatility stop (for upward breakout): $189.08 or 2.7% below the close.

Change YTD: 49.52%

Volume: 47,338,800 shares. 3 month avg: 27,687,312 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: Ugly double bottom reversal pattern from 10/26/2023 to 12/04/2023

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.

Arch Capital Group Ltd (ACGL)

Industry: Insurance (Prop/Casualty)

Industry RS rank: 24 out of 60

Stock RS rank: 189 out of 623

12/7/23 close: $78.34

1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $83.95 or 7.2% above the close.

Change YTD: 24.78%

Volume: 2,283,700 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: Head-and-shoulders top reversal pattern from 10/18/2023 to 11/27/2023

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.

Baxter International, Inc. (BAX)

Industry: Medical Supplies

Industry RS rank: 58 out of 60

Stock RS rank: 530 out of 623

12/7/23 close: $36.53

1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $37.89 or 3.7% above the close.

Change YTD: -28.33%

Volume: 3,970,100 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: Diamond top reversal pattern from 11/28/2023 to 12/07/2023

Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

Best Buy Co. (BBY)

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

Industry RS rank: 3 out of 60

Stock RS rank: 386 out of 623

12/7/23 close: $74.56

1 Month avg volatility: $1.81. Volatility stop (for upward breakout): $70.73 or 5.1% below the close.

Change YTD: -7.04%

Volume: 2,824,400 shares. 3 month avg: 4,325,955 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: Double Bottom, Adam and Adam reversal pattern from 11/10/2023 to 11/21/2023

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.

Big Lots Inc. (BIG)

Industry: Retail Store

Industry RS rank: 17 out of 60

Stock RS rank: 560 out of 623

12/7/23 close: $6.26

1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $4.80 or 23.4% below the close.

Change YTD: -57.41%

Volume: 2,052,900 shares. 3 month avg: 984,457 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 11/10/2023 to 11/21/2023

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.

Booking Holdings (BKNG)

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

Industry RS rank: 7 out of 60

Stock RS rank: 74 out of 623

12/7/23 close: $3,238.27

1 Month avg volatility: $53.71. Volatility stop (for upward breakout): $3,069.74 or 5.2% below the close.

Change YTD: 60.69%

Volume: 273,400 shares. 3 month avg: 441,478 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 10/26/2023 to 11/30/2023

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.

Boot Barn Holdings Inc (BOOT)

Industry: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 340 out of 623

12/7/23 close: $74.43

1 Month avg volatility: $2.59. Volatility stop (for upward breakout): $67.91 or 8.8% below the close.

Change YTD: 19.05%

Volume: 682,500 shares. 3 month avg: 434,749 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: Pipe bottom reversal pattern from 10/23/2023 to 10/30/2023

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.

Bread Financial Holdings (BFH)

Industry: Information Services

Industry RS rank: 23 out of 60

Stock RS rank: 449 out of 623

12/7/23 close: $30.92

1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $27.39 or 11.4% below the close.

Change YTD: -17.90%

Volume: 1,145,700 shares. 3 month avg: 943,408 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 Bottom, Adam and Adam reversal pattern from 11/01/2023 to 11/16/2023

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.

Bunge Ltd (BG)

Industry: Food Processing

Industry RS rank: 59 out of 60

Stock RS rank: 179 out of 623

12/7/23 close: $104.10

1 Month avg volatility: $1.92. Volatility stop (for upward breakout): $98.96 or 4.9% below the close.

Change YTD: 4.34%

Volume: 1,191,000 shares. 3 month avg: 1,268,517 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 10/12/2023 to 10/24/2023

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.

Cal-Maine Foods Inc (CALM)

Industry: Food Processing

Industry RS rank: 59 out of 60

Stock RS rank: 240 out of 623

12/7/23 close: $50.97

1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $47.01 or 7.8% below the close.

Change YTD: -6.39%

Volume: 469,100 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 bottom reversal pattern from 11/20/2023 to 11/27/2023

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.

Campbell Soup Co (CPB)

Industry: Food Processing

Industry RS rank: 59 out of 60

Stock RS rank: 456 out of 623

12/7/23 close: $43.44

1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $45.39 or 4.5% above the close.

Change YTD: -23.45%

Volume: 4,717,400 shares. 3 month avg: 2,769,580 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 top reversal pattern from 10/26/2023 to 11/17/2023

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.

Columbus McKinnon (CMCO)

Industry: Machinery

Industry RS rank: 30 out of 60

Stock RS rank: 529 out of 623

12/7/23 close: $36.16

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $33.91 or 6.2% below the close.

Change YTD: 11.36%

Volume: 112,800 shares. 3 month avg: 120,960 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: Ugly double bottom reversal pattern from 10/31/2023 to 11/22/2023

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.

CRH plc (CRH)

Industry: Cement and Aggregates

Industry RS rank: 21 out of 60

Stock RS rank: 40 out of 623

12/7/23 close: $63.99

1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $60.44 or 5.6% below the close.

Change YTD: 60.82%

Volume: 2,535,500 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 Friday.

Chart pattern: Ugly double bottom reversal pattern from 10/27/2023 to 11/20/2023

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.

Emerson Electric (EMR)

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: 256 out of 623

12/7/23 close: $88.72

1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $85.21 or 4.0% below the close.

Change YTD: -7.64%

Volume: 3,565,000 shares. 3 month avg: 3,118,612 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 11/07/2023 to 11/28/2023

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.

Expeditors International of Washington (EXPD)

Industry: Air Transport

Industry RS rank: 39 out of 60

Stock RS rank: 300 out of 623

12/7/23 close: $120.10

1 Month avg volatility: $2.30. Volatility stop (for upward breakout): $115.27 or 4.0% below the close.

Change YTD: 15.57%

Volume: 1,230,800 shares. 3 month avg: 1,055,643 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 11/07/2023 to 11/27/2023

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.

Fortive Corp (FTV)

Industry: Industrial Services

Industry RS rank: 13 out of 60

Stock RS rank: 352 out of 623

12/7/23 close: $69.06

1 Month avg volatility: $0.88. Volatility stop (for upward breakout): $67.09 or 2.9% below the close.

Change YTD: 7.49%

Volume: 1,100,800 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: Ugly double bottom reversal pattern from 10/25/2023 to 11/27/2023

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.

Freeport-McMoRan Copper and Gold B (FCX)

Industry: Metals and Mining (Div.)

Industry RS rank: 45 out of 60

Stock RS rank: 416 out of 623

12/7/23 close: $36.37

1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $34.26 or 5.8% below the close.

Change YTD: -4.29%

Volume: 10,687,100 shares. 3 month avg: 11,955,349 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: Triple bottom reversal pattern from 10/23/2023 to 11/10/2023

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

GameStop Corp (GME)

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

Industry RS rank: 3 out of 60

Stock RS rank: 608 out of 623

12/7/23 close: $16.36

1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $11.39 or 30.4% below the close.

Change YTD: -11.38%

Volume: 19,390,700 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 Monday.

Chart pattern: Horn bottom reversal pattern from 11/13/2023 to 11/27/2023

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 9%.
Throwbacks occur 29% of the time.
Price hits measure rule target 76% of the time.

Global Payments Inc (GPN)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 100 out of 623

12/7/23 close: $119.87

1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $113.61 or 5.2% below the close.

Change YTD: 20.69%

Volume: 1,596,100 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: Pipe bottom reversal pattern from 10/23/2023 to 10/30/2023

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.

Heartland Express, Inc (HTLD)

Industry: Trucking/Transp. Leasing

Industry RS rank: 20 out of 60

Stock RS rank: 556 out of 623

12/7/23 close: $13.80

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $13.00 or 5.8% below the close.

Change YTD: -10.04%

Volume: 239,600 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: Ugly double bottom reversal pattern from 11/01/2023 to 11/21/2023

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.

Henry Schein Inc. (HSIC)

Industry: Medical Supplies

Industry RS rank: 58 out of 60

Stock RS rank: 438 out of 623

12/7/23 close: $71.54

1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $66.87 or 6.5% below the close.

Change YTD: -10.43%

Volume: 1,494,400 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: Ugly double bottom reversal pattern from 11/02/2023 to 11/30/2023

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.

Hovnanian Enterprises Inc (HOV)

Industry: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 17 out of 623

12/7/23 close: $129.99

1 Month avg volatility: $4.88. Volatility stop (for upward breakout): $109.13 or 16.0% below the close.

Change YTD: 208.91%

Volume: 148,900 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: Flag, high and tight continuation pattern from 10/27/2023 to 12/07/2023

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.

Intrepid Potash Inc (IPI)

Industry: Chemical (Diversified)

Industry RS rank: 57 out of 60

Stock RS rank: 520 out of 623

12/7/23 close: $19.50

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $17.61 or 9.7% below the close.

Change YTD: -32.46%

Volume: 94,200 shares. 3 month avg: 1,190,495 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 11/06/2023 to 11/13/2023

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Johnson and Johnson (JNJ)

Industry: Medical Supplies

Industry RS rank: 58 out of 60

Stock RS rank: 391 out of 623

12/7/23 close: $155.40

1 Month avg volatility: $1.95. Volatility stop (for upward breakout): $150.82 or 3.0% below the close.

Change YTD: -12.03%

Volume: 6,444,000 shares. 3 month avg: 5,464,417 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 10/27/2023 to 11/10/2023

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.

Leggett and Platt (LEG)

Industry: Furn/Home Furnishings

Industry RS rank: 6 out of 60

Stock RS rank: 575 out of 623

12/7/23 close: $26.07

1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $24.46 or 6.2% below the close.

Change YTD: -19.11%

Volume: 1,934,000 shares. 3 month avg: 1,259,645 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 bottom reversal pattern from 11/01/2023 to 11/28/2023

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.

Magnolia Oil and Gas Corp (MGY)

Industry: Petroleum (Producing)

Industry RS rank: 31 out of 60

Stock RS rank: 402 out of 623

12/7/23 close: $20.45

1 Month avg volatility: $0.57. Volatility stop (for downward breakout): $21.73 or 6.3% above the close.

Change YTD: -12.79%

Volume: 1,925,900 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 09/06/2023 to 10/17/2023

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.

National Fuel Gas (NFG)

Industry: Natural Gas (Diversified)

Industry RS rank: 42 out of 60

Stock RS rank: 445 out of 623

12/7/23 close: $50.64

1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $52.78 or 4.2% above the close.

Change YTD: -20.00%

Volume: 372,100 shares. 3 month avg: 355,354 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: Triangle, descending reversal pattern from 11/03/2023 to 12/07/2023

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.

National Oilwell Varco (NOV)

Industry: Oilfield Svcs/Equipment

Industry RS rank: 52 out of 60

Stock RS rank: 109 out of 623

12/7/23 close: $18.45

1 Month avg volatility: $0.57. Volatility stop (for downward breakout): $19.77 or 7.1% above the close.

Change YTD: -11.68%

Volume: 2,867,900 shares. 3 month avg: 3,130,966 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: Triangle, descending reversal pattern from 10/18/2023 to 12/07/2023

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.

New Jersey Resources Corp (NJR)

Industry: Natural Gas (Distributor)

Industry RS rank: 48 out of 60

Stock RS rank: 516 out of 623

12/7/23 close: $44.32

1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $42.72 or 3.6% below the close.

Change YTD: -10.68%

Volume: 425,500 shares. 3 month avg: 514,131 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: Triangle, symmetrical continuation pattern from 10/18/2023 to 11/30/2023

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.

Nordstrom Inc (JWN)

Industry: Retail Store

Industry RS rank: 17 out of 60

Stock RS rank: 569 out of 623

12/7/23 close: $15.95

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $13.77 or 13.7% below the close.

Change YTD: -1.18%

Volume: 5,108,800 shares. 3 month avg: 4,990,363 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: Pipe bottom reversal pattern from 11/06/2023 to 11/13/2023

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Novanta Inc (NOVT)

Industry: Precision Instrument

Industry RS rank: 40 out of 60

Stock RS rank: 512 out of 623

12/7/23 close: $151.46

1 Month avg volatility: $4.83. Volatility stop (for upward breakout): $140.69 or 7.1% below the close.

Change YTD: 11.47%

Volume: 120,500 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 11/06/2023 to 11/13/2023

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Omnicell, Inc (OMCL)

Industry: Healthcare Information

Industry RS rank: 55 out of 60

Stock RS rank: 621 out of 623

12/7/23 close: $35.15

1 Month avg volatility: $1.33. Volatility stop (for upward breakout): $30.51 or 13.2% below the close.

Change YTD: -30.29%

Volume: 463,100 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: Ugly double bottom reversal pattern from 11/06/2023 to 11/21/2023

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.

Outfont Media (OUT)

Industry: Advertising

Industry RS rank: 51 out of 60

Stock RS rank: 570 out of 623

12/7/23 close: $12.44

1 Month avg volatility: $0.38. Volatility stop (for downward breakout): $13.57 or 9.1% above the close.

Change YTD: -24.97%

Volume: 1,708,600 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: Broadening top reversal pattern from 11/15/2023 to 12/06/2023

WARNING: A dead-cat bounce occurred on 08/04/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/02/2024.
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.

Packaging Corp of America (PKG)

Industry: Packaging and Container

Industry RS rank: 22 out of 60

Stock RS rank: 66 out of 623

12/7/23 close: $164.32

1 Month avg volatility: $3.30. Volatility stop (for upward breakout): $156.16 or 5.0% below the close.

Change YTD: 28.47%

Volume: 785,200 shares. 3 month avg: 777,560 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: Ugly double bottom reversal pattern from 10/23/2023 to 11/13/2023

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.

Paypal Holdings, Inc (PYPL)

Industry: Financial Services

Industry RS rank: 29 out of 60

Stock RS rank: 487 out of 623

12/7/23 close: $58.48

1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $55.11 or 5.8% below the close.

Change YTD: -17.89%

Volume: 17,377,100 shares. 3 month avg: 21,592,165 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: Ugly double bottom reversal pattern from 10/27/2023 to 11/21/2023

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.

Range Resources Corp (RRC)

Industry: Petroleum (Producing)

Industry RS rank: 31 out of 60

Stock RS rank: 309 out of 623

12/7/23 close: $29.41

1 Month avg volatility: $0.96. Volatility stop (for downward breakout): $31.89 or 8.4% above the close.

Change YTD: 17.55%

Volume: 2,499,900 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: Pipe top reversal pattern from 10/30/2023 to 11/06/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Schwab, Charles Corporation (SCHW)

Industry: Securities Brokerage

Industry RS rank: 34 out of 60

Stock RS rank: 145 out of 623

12/7/23 close: $62.96

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $59.46 or 5.6% below the close.

Change YTD: -24.38%

Volume: 9,472,500 shares. 3 month avg: 6,527,123 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: Ugly double bottom reversal pattern from 10/25/2023 to 11/10/2023

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.

SEI Investments Co (SEIC)

Industry: IT Services

Industry RS rank: 5 out of 60

Stock RS rank: 332 out of 623

12/7/23 close: $59.92

1 Month avg volatility: $0.75. Volatility stop (for upward breakout): $57.99 or 3.2% below the close.

Change YTD: 2.78%

Volume: 314,700 shares. 3 month avg: 571,423 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 10/26/2023 to 11/28/2023

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.

Service Corp International (SCI)

Industry: Industrial Services

Industry RS rank: 13 out of 60

Stock RS rank: 358 out of 623

12/7/23 close: $65.23

1 Month avg volatility: $1.03. Volatility stop (for upward breakout): $62.83 or 3.7% below the close.

Change YTD: -5.66%

Volume: 867,500 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: Ugly double bottom reversal pattern from 11/01/2023 to 11/10/2023

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.

Silgan Holdings Inc (SLGN)

Industry: Packaging and Container

Industry RS rank: 22 out of 60

Stock RS rank: 480 out of 623

12/7/23 close: $42.84

1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $40.90 or 4.5% below the close.

Change YTD: -17.36%

Volume: 236,500 shares. 3 month avg: 499,285 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 10/13/2023 to 11/13/2023

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.

Stratasys Ltd (SSYS)

Industry: Electronics

Industry RS rank: 46 out of 60

Stock RS rank: 604 out of 623

12/7/23 close: $11.85

1 Month avg volatility: $0.48. Volatility stop (for upward breakout): $10.62 or 10.4% below the close.

Change YTD: -0.08%

Volume: 571,300 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 Monday.

Chart pattern: Big W reversal pattern from 11/01/2023 to 11/17/2023

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.

Tempur-pedic Intl (TPX)

Industry: Furn/Home Furnishings

Industry RS rank: 6 out of 60

Stock RS rank: 95 out of 623

12/7/23 close: $45.73

1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $43.00 or 6.0% below the close.

Change YTD: 33.21%

Volume: 1,372,700 shares. 3 month avg: 985,960 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 11/10/2023 to 11/28/2023

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.

Teva Pharmaceutical Industries (TEVA)

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

Industry RS rank: 16 out of 60

Stock RS rank: 29 out of 623

12/7/23 close: $9.97

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $9.10 or 8.8% below the close.

Change YTD: 9.32%

Volume: 5,552,900 shares. 3 month avg: 26,334,894 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 10/23/2023 to 11/10/2023

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.

Veeco Instruments Inc (VECO)

Industry: Precision Instrument

Industry RS rank: 40 out of 60

Stock RS rank: 177 out of 623

12/7/23 close: $28.16

1 Month avg volatility: $0.75. Volatility stop (for downward breakout): $29.79 or 5.8% above the close.

Change YTD: 51.56%

Volume: 301,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Pipe top reversal pattern from 11/20/2023 to 11/27/2023

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.

Westlake Chemical Corp (WLK)

Industry: Chemical (Basic)

Industry RS rank: 32 out of 60

Stock RS rank: 162 out of 623

12/7/23 close: $129.54

1 Month avg volatility: $2.48. Volatility stop (for upward breakout): $123.76 or 4.5% below the close.

Change YTD: 26.33%

Volume: 225,600 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: Ugly double bottom reversal pattern from 10/25/2023 to 11/28/2023

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.

WillScot Mobile Mini Holdings Corp (WSC)

Industry: Industrial Services

Industry RS rank: 13 out of 60

Stock RS rank: 538 out of 623

12/7/23 close: $40.22

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $38.12 or 5.2% below the close.

Change YTD: -10.96%

Volume: 873,000 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: Ugly double bottom reversal pattern from 11/02/2023 to 11/27/2023

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.

Woodward Inc (WWD)

Industry: Precision Instrument

Industry RS rank: 40 out of 60

Stock RS rank: 93 out of 623

12/7/23 close: $133.53

1 Month avg volatility: $2.88. Volatility stop (for upward breakout): $126.82 or 5.0% below the close.

Change YTD: 38.22%

Volume: 601,200 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: Ugly double bottom reversal pattern from 10/27/2023 to 11/17/2023

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

My Stock Market Books

Invest for Two-Comma Wealth

Chart Patterns: After the Buy

Encyclopedia of Chart Pattern, 3rd Edition

Fundamental Analysis and Position Trading

Getting Started in Chart Patterns, 2nd Edition

Swing and Day Trading

My Novels

Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

Some pattern names are registered trademarks of their respective owners.

Home Advertise Contact Donate Privacy/Disclaimer ☰