As of 04/12/2024
  Indus: 37,983 -475.84 -1.2%  
  Trans: 15,498 -250.79 -1.6%  
  Utils: 855 -6.47 -0.8%  
  Nasdaq: 16,175 -267.11 -1.6%  
  S&P 500: 5,123 -75.65 -1.5%  
YTD
 +0.8%  
-2.5%  
-3.0%  
 +7.8%  
 +7.4%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,700 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024
As of 04/12/2024
  Indus: 37,983 -475.84 -1.2%  
  Trans: 15,498 -250.79 -1.6%  
  Utils: 855 -6.47 -0.8%  
  Nasdaq: 16,175 -267.11 -1.6%  
  S&P 500: 5,123 -75.65 -1.5%  
YTD
 +0.8%  
-2.5%  
-3.0%  
 +7.8%  
 +7.4%  
  Targets    Overview: 04/12/2024  
  Up arrow39,800 or 37,700 by 05/01/2024
  Up arrow16,200 or 15,000 by 05/01/2024
  Up arrow885 or 850 by 05/01/2024
  Up arrow16,700 or 15,800 by 05/01/2024
  Up arrow5,250 or 5,025 by 05/01/2024

Patterns for the Weekend Details

Copyright © 2024 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.
 
Accelerate Diagnostics Inc (AXDX)
Industry: Medical Services
Industry RS rank: 37 out of 60
Stock RS rank: 622 out of 622
1/18/24 close: $1.61
1 Month avg volatility: $0.33. Volatility stop (for downward breakout): $2.99 or 86.5% above the close.
Change YTD: -59.06%
Volume: 427,300 shares. 3 month avg: 533,922 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 01/16/2024 to 01/16/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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American Financial Group (AFG)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 13 out of 60
Stock RS rank: 306 out of 622
1/18/24 close: $117.93
1 Month avg volatility: $1.81. Volatility stop (for downward breakout): $121.67 or 3.2% above the close.
Change YTD: -0.81%
Volume: 407,300 shares. 3 month avg: 353,085 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 12/14/2023 to 01/05/2024
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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Aon Corp (AON)
Industry: Insurance (Diversified)
Industry RS rank: 29 out of 60
Stock RS rank: 435 out of 622
1/18/24 close: $307.28
1 Month avg volatility: $5.20. Volatility stop (for upward breakout): $289.88 or 5.7% below the close.
Change YTD: 5.59%
Volume: 1,488,500 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: Double Bottom, Eve and Adam reversal pattern from 12/20/2023 to 01/05/2024
Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

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Bristol-Myers Squibb Company (BMY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 19 out of 60
Stock RS rank: 543 out of 622
1/18/24 close: $50.09
1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $52.22 or 4.3% above the close.
Change YTD: -2.38%
Volume: 18,456,900 shares. 3 month avg: 5,378,746 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 12/22/2023 to 01/02/2024
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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Cadence Design Systems Inc (CDNS)
Industry: Computer Software and Svcs
Industry RS rank: 15 out of 60
Stock RS rank: 100 out of 622
1/18/24 close: $279.01
1 Month avg volatility: $5.46. Volatility stop (for upward breakout): $264.36 or 5.3% below the close.
Change YTD: 2.44%
Volume: 1,291,800 shares. 3 month avg: 2,769,531 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 01/02/2024 to 01/08/2024
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.

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Campbell Soup Co (CPB)
Industry: Food Processing
Industry RS rank: 55 out of 60
Stock RS rank: 390 out of 622
1/18/24 close: $43.71
1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $42.00 or 3.9% below the close.
Change YTD: 1.11%
Volume: 2,361,700 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: Triangle, symmetrical continuation pattern from 12/06/2023 to 01/18/2024
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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Church and Dwight Co Inc (CHD)
Industry: Household Products
Industry RS rank: 41 out of 60
Stock RS rank: 311 out of 622
1/18/24 close: $97.83
1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $94.94 or 3.0% below the close.
Change YTD: 3.46%
Volume: 1,262,000 shares. 3 month avg: 2,023,622 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Ugly double bottom reversal pattern from 11/03/2023 to 12/15/2023
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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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 44 out of 60
Stock RS rank: 492 out of 622
1/18/24 close: $45.48
1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $47.99 or 5.5% above the close.
Change YTD: -3.23%
Volume: 5,396,000 shares. 3 month avg: 2,249,422 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 01/02/2024 to 01/08/2024
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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Eastman Chemical (EMN)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 332 out of 622
1/18/24 close: $86.99
1 Month avg volatility: $1.25. Volatility stop (for downward breakout): $89.52 or 2.9% above the close.
Change YTD: -3.15%
Volume: 693,700 shares. 3 month avg: 1,209,300 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 12/14/2023 to 12/26/2023
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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eBay, Inc. (EBAY)
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: 528 out of 622
1/18/24 close: $40.79
1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $42.57 or 4.4% above the close.
Change YTD: -6.49%
Volume: 5,743,800 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: Triple top reversal pattern from 12/19/2023 to 01/02/2024
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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Elevance Health (ELV)
Industry: Medical Services
Industry RS rank: 37 out of 60
Stock RS rank: 287 out of 622
1/18/24 close: $469.33
1 Month avg volatility: $7.55. Volatility stop (for downward breakout): $485.44 or 3.4% above the close.
Change YTD: -0.47%
Volume: 2,245,700 shares. 3 month avg: 1,162,854 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: Double Top, Adam and Adam reversal pattern from 12/13/2023 to 01/04/2024
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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Fresh Del Monte Produce (FDP)
Industry: Food Processing
Industry RS rank: 55 out of 60
Stock RS rank: 387 out of 622
1/18/24 close: $25.15
1 Month avg volatility: $0.61. Volatility stop (for downward breakout): $26.54 or 5.5% above the close.
Change YTD: -4.19%
Volume: 199,900 shares. 3 month avg: 288,512 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 01/02/2024 to 01/08/2024
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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Gap Inc. (GPS)
Industry: Apparel
Industry RS rank: 5 out of 60
Stock RS rank: 2 out of 622
1/18/24 close: $18.53
1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $21.07 or 13.7% above the close.
Change YTD: -11.38%
Volume: 13,223,600 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: Triple top reversal pattern from 12/11/2023 to 01/09/2024
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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Hanesbrand Inc. (HBI)
Industry: Apparel
Industry RS rank: 5 out of 60
Stock RS rank: 537 out of 622
1/18/24 close: $3.96
1 Month avg volatility: $0.17. Volatility stop (for downward breakout): $4.35 or 9.8% above the close.
Change YTD: -11.21%
Volume: 5,845,000 shares. 3 month avg: 6,164,918 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: Head-and-shoulders top reversal pattern from 12/14/2023 to 01/12/2024
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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Harmonic Inc (HLIT)
Industry: Telecom. Equipment
Industry RS rank: 24 out of 60
Stock RS rank: 570 out of 622
1/18/24 close: $11.84
1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $12.88 or 8.8% above the close.
Change YTD: -9.20%
Volume: 1,273,700 shares. 3 month avg: 585,235 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 12/21/2023 to 01/08/2024
WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/30/2024.
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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Henry Schein Inc. (HSIC)
Industry: Medical Supplies
Industry RS rank: 54 out of 60
Stock RS rank: 423 out of 622
1/18/24 close: $74.25
1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $77.12 or 3.9% above the close.
Change YTD: -1.93%
Volume: 852,500 shares. 3 month avg: 2,211,905 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 12/15/2023 to 01/09/2024
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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IDEXX Laboratories, Inc (IDXX)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 19 out of 60
Stock RS rank: 379 out of 622
1/18/24 close: $525.28
1 Month avg volatility: $11.36. Volatility stop (for downward breakout): $548.48 or 4.4% above the close.
Change YTD: -5.36%
Volume: 692,800 shares. 3 month avg: 512,494 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 12/14/2023 to 01/12/2024
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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Incyte Corp. (INCY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 19 out of 60
Stock RS rank: 351 out of 622
1/18/24 close: $61.18
1 Month avg volatility: $1.64. Volatility stop (for downward breakout): $64.83 or 6.0% above the close.
Change YTD: -2.56%
Volume: 1,138,800 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024
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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L3Harris Technologies (LHX)
Industry: Aerospace/Defense
Industry RS rank: 22 out of 60
Stock RS rank: 247 out of 622
1/18/24 close: $205.73
1 Month avg volatility: $2.99. Volatility stop (for downward breakout): $212.04 or 3.1% above the close.
Change YTD: -2.32%
Volume: 675,600 shares. 3 month avg: 1,243,274 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 12/20/2023 to 01/02/2024
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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La-Z-Boy Inc (LZB)
Industry: Furn/Home Furnishings
Industry RS rank: 1 out of 60
Stock RS rank: 156 out of 622
1/18/24 close: $34.48
1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $36.39 or 5.5% above the close.
Change YTD: -6.61%
Volume: 323,300 shares. 3 month avg: 437,505 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: Head-and-shoulders top reversal pattern from 12/04/2023 to 01/10/2024
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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Lancaster Colony Corp (LANC)
Industry: Food Processing
Industry RS rank: 55 out of 60
Stock RS rank: 464 out of 622
1/18/24 close: $173.24
1 Month avg volatility: $3.19. Volatility stop (for upward breakout): $162.94 or 6.0% below the close.
Change YTD: 4.12%
Volume: 114,200 shares. 3 month avg: 112,417 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 12/21/2023 to 01/05/2024
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.

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Manhattan Associates (MANH)
Industry: IT Services
Industry RS rank: 6 out of 60
Stock RS rank: 234 out of 622
1/18/24 close: $217.57
1 Month avg volatility: $4.31. Volatility stop (for upward breakout): $206.90 or 4.9% below the close.
Change YTD: 1.04%
Volume: 295,100 shares. 3 month avg: 726,191 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 01/08/2024 to 01/08/2024
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.

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Mosaic Co (MOS)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 517 out of 622
1/18/24 close: $32.12
1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $34.01 or 5.9% above the close.
Change YTD: -10.10%
Volume: 6,600,300 shares. 3 month avg: 3,876,172 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: Head-and-shoulders top reversal pattern from 11/16/2023 to 01/03/2024
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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Newell Brands Inc (NWL)
Industry: Household Products
Industry RS rank: 41 out of 60
Stock RS rank: 549 out of 622
1/18/24 close: $8.03
1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $8.81 or 9.7% above the close.
Change YTD: -7.49%
Volume: 3,173,000 shares. 3 month avg: 7,205,206 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 12/14/2023 to 01/09/2024
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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Nisource Inc. (NI)
Industry: Electric Utility (Central)
Industry RS rank: 53 out of 60
Stock RS rank: 433 out of 622
1/18/24 close: $25.65
1 Month avg volatility: $0.42. Volatility stop (for downward breakout): $26.71 or 4.2% above the close.
Change YTD: -3.39%
Volume: 4,339,400 shares. 3 month avg: 3,688,512 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 12/14/2023 to 01/10/2024
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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Outfont Media (OUT)
Industry: Advertising
Industry RS rank: 52 out of 60
Stock RS rank: 545 out of 622
1/18/24 close: $13.09
1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $14.22 or 8.7% above the close.
Change YTD: -6.23%
Volume: 1,900,700 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 Adam reversal pattern from 12/27/2023 to 01/12/2024
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 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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PG and E (PCG)
Industry: Electric Utility (West)
Industry RS rank: 56 out of 60
Stock RS rank: 392 out of 622
1/18/24 close: $16.88
1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $17.70 or 4.9% above the close.
Change YTD: -6.38%
Volume: 17,595,400 shares. 3 month avg: 5,870,049 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 complex top reversal pattern from 11/20/2023 to 01/10/2024
Breakout is downward 100% of the time.
Average decline: 23%.
Break-even failure rate: 4%.
Pullbacks occur 67% of the time.
Price hits measure rule target 53% of the time.

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Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 56 out of 60
Stock RS rank: 522 out of 622
1/18/24 close: $69.29
1 Month avg volatility: $1.28. Volatility stop (for downward breakout): $73.02 or 5.4% above the close.
Change YTD: -3.55%
Volume: 1,904,000 shares. 3 month avg: 750,734 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 01/02/2024 to 01/08/2024
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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Portland General Electric Co. (POR)
Industry: Electric Utility (West)
Industry RS rank: 56 out of 60
Stock RS rank: 498 out of 622
1/18/24 close: $40.56
1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $42.08 or 3.8% above the close.
Change YTD: -6.41%
Volume: 1,081,900 shares. 3 month avg: 771,474 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 12/14/2023 to 01/05/2024
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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Premier Inc (PINC)
Industry: Healthcare Information
Industry RS rank: 42 out of 60
Stock RS rank: 555 out of 622
1/18/24 close: $22.09
1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $23.08 or 4.5% above the close.
Change YTD: -1.21%
Volume: 730,000 shares. 3 month avg: 544,129 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 12/22/2023 to 01/08/2024
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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Quest Diagnostics (DGX)
Industry: Medical Services
Industry RS rank: 37 out of 60
Stock RS rank: 417 out of 622
1/18/24 close: $134.23
1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $139.17 or 3.7% above the close.
Change YTD: -2.65%
Volume: 701,300 shares. 3 month avg: 1,490,418 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe top reversal pattern from 01/02/2024 to 01/08/2024
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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RLI Corp (RLI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 13 out of 60
Stock RS rank: 237 out of 622
1/18/24 close: $141.20
1 Month avg volatility: $2.05. Volatility stop (for upward breakout): $134.95 or 4.4% below the close.
Change YTD: 6.07%
Volume: 273,300 shares. 3 month avg: 149,782 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: Ugly double bottom reversal pattern from 12/15/2023 to 01/09/2024
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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Ryder System Inc (R)
Industry: Trucking/Transp. Leasing
Industry RS rank: 33 out of 60
Stock RS rank: 66 out of 622
1/18/24 close: $111.62
1 Month avg volatility: $1.87. Volatility stop (for downward breakout): $115.40 or 3.4% above the close.
Change YTD: -2.99%
Volume: 151,500 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 top reversal pattern from 12/18/2023 to 12/26/2023
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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Selective Insurance Group Inc (SIGI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 13 out of 60
Stock RS rank: 209 out of 622
1/18/24 close: $104.76
1 Month avg volatility: $1.56. Volatility stop (for upward breakout): $99.67 or 4.9% below the close.
Change YTD: 5.31%
Volume: 245,200 shares. 3 month avg: 158,554 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: Double Bottom, Adam and Adam reversal pattern from 12/21/2023 to 01/09/2024
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.

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Texas Instruments Inc. (TXN)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 20 out of 60
Stock RS rank: 455 out of 622
1/18/24 close: $166.91
1 Month avg volatility: $2.80. Volatility stop (for downward breakout): $172.98 or 3.6% above the close.
Change YTD: -2.08%
Volume: 6,582,800 shares. 3 month avg: 4,332,837 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 12/15/2023 to 01/09/2024
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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Veeva Systems Inc (VEEV)
Industry: Healthcare Information
Industry RS rank: 42 out of 60
Stock RS rank: 317 out of 622
1/18/24 close: $204.50
1 Month avg volatility: $4.29. Volatility stop (for upward breakout): $192.15 or 6.0% below the close.
Change YTD: 6.22%
Volume: 795,300 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: 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.

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Wheaton Precious Metals Corp (WPM)
Industry: Metals and Mining (Div.)
Industry RS rank: 39 out of 60
Stock RS rank: 248 out of 622
1/18/24 close: $46.36
1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $48.61 or 4.9% above the close.
Change YTD: -6.04%
Volume: 1,406,700 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 12/01/2023 to 01/12/2024
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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SPDR Technology Select Sector (XLK)
Industry: IT Services
Industry RS rank: 6 out of 60
Stock RS rank: 166 out of 622
1/18/24 close: $195.66
1 Month avg volatility: $2.17. Volatility stop (for upward breakout): $189.26 or 3.3% below the close.
Change YTD: 1.65%
Volume: 9,449,200 shares. 3 month avg: 9,531,718 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe bottom reversal pattern from 01/02/2024 to 01/08/2024
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.

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