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 © 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.
 
American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 5 out of 60
Stock RS rank: 26 out of 622
2/1/24 close: $20.26
1 Month avg volatility: $0.64. Volatility stop (for downward breakout): $21.60 or 6.6% above the close.
Change YTD: -4.25%
Volume: 2,892,800 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: Broadening top reversal pattern from 12/14/2023 to 01/19/2024
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.

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Badger Meter Inc. (BMI)
Industry: Precision Instrument
Industry RS rank: 37 out of 60
Stock RS rank: 501 out of 622
2/1/24 close: $145.35
1 Month avg volatility: $3.81. Volatility stop (for downward breakout): $154.66 or 6.4% above the close.
Change YTD: -5.84%
Volume: 210,200 shares. 3 month avg: 149,246 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple top reversal pattern from 12/14/2023 to 01/23/2024
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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Conns Inc (CONN)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 9 out of 60
Stock RS rank: 243 out of 622
2/1/24 close: $4.81
1 Month avg volatility: $0.28. Volatility stop (for downward breakout): $5.40 or 12.2% above the close.
Change YTD: 8.33%
Volume: 96,200 shares. 3 month avg: 567,568 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 01/10/2024 to 01/23/2024
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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Crane Co (CR)
Industry: Diversified Co.
Industry RS rank: 34 out of 60
Stock RS rank: 33 out of 622
2/1/24 close: $126.38
1 Month avg volatility: $2.91. Volatility stop (for upward breakout): $116.93 or 7.5% below the close.
Change YTD: 6.97%
Volume: 335,100 shares. 3 month avg: 293,374 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: Three Rising Valleys reversal pattern from 10/23/2023 to 01/29/2024
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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Cross Country Healthcare Inc (CCRN)
Industry: Human Resources
Industry RS rank: 33 out of 60
Stock RS rank: 550 out of 622
2/1/24 close: $21.75
1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $23.43 or 7.7% above the close.
Change YTD: -3.93%
Volume: 2,270,400 shares. 3 month avg: 226,311 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 01/02/2024 to 01/10/2024
WARNING: A dead-cat bounce occurred on 11/02/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/02/2024.
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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Fastenal Company (FAST)
Industry: Retail Building Supply
Industry RS rank: 24 out of 60
Stock RS rank: 98 out of 622
2/1/24 close: $69.84
1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $65.66 or 6.0% below the close.
Change YTD: 7.83%
Volume: 4,603,300 shares. 3 month avg: 2,417,771 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: Scallop, ascending and inverted continuation pattern from 11/29/2023 to 01/09/2024
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

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Flextronics International Ltd (FLEX)
Industry: Electronics
Industry RS rank: 48 out of 60
Stock RS rank: 459 out of 622
2/1/24 close: $25.04
1 Month avg volatility: $0.65. Volatility stop (for upward breakout): $23.06 or 7.9% below the close.
Change YTD: -17.79%
Volume: 19,640,300 shares. 3 month avg: 3,241,565 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 bottom reversal pattern from 01/03/2024 to 01/29/2024
WARNING: A dead-cat bounce occurred on 01/03/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 04/03/2024 and a 38% chance by 07/03/2024.
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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GameStop Corp (GME)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 9 out of 60
Stock RS rank: 600 out of 622
2/1/24 close: $14.42
1 Month avg volatility: $0.62. Volatility stop (for upward breakout): $12.79 or 11.3% below the close.
Change YTD: -17.74%
Volume: 2,201,300 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: Triangle, symmetrical continuation pattern from 01/11/2024 to 02/01/2024
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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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 2 out of 60
Stock RS rank: 5 out of 622
2/1/24 close: $175.29
1 Month avg volatility: $7.56. Volatility stop (for upward breakout): $155.55 or 11.3% below the close.
Change YTD: 12.64%
Volume: 68,200 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: Pipe bottom reversal pattern from 01/16/2024 to 01/22/2024
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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JetBlue Airways Corporation (JBLU)
Industry: Air Transport
Industry RS rank: 58 out of 60
Stock RS rank: 556 out of 622
2/1/24 close: $5.58
1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $6.29 or 12.7% above the close.
Change YTD: 0.54%
Volume: 18,645,300 shares. 3 month avg: 6,141,268 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: Double Top, Eve and Adam reversal pattern from 12/14/2023 to 01/08/2024
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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Johnson and Johnson (JNJ)
Industry: Medical Supplies
Industry RS rank: 50 out of 60
Stock RS rank: 457 out of 622
2/1/24 close: $158.36
1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $162.31 or 2.5% above the close.
Change YTD: 1.03%
Volume: 7,623,100 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 Top, Adam and Adam reversal pattern from 01/09/2024 to 01/22/2024
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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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 60
Stock RS rank: 566 out of 622
2/1/24 close: $45.48
1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $54.04 or 18.8% above the close.
Change YTD: -16.89%
Volume: 2,272,800 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: Triple top reversal pattern from 12/15/2023 to 01/25/2024
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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Osisko Gold Royalties Ltd (OR)
Industry: Metals and Mining (Div.)
Industry RS rank: 28 out of 60
Stock RS rank: 235 out of 622
2/1/24 close: $15.00
1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $13.85 or 7.6% below the close.
Change YTD: 5.04%
Volume: 596,500 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe 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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RLI Corp (RLI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 21 out of 60
Stock RS rank: 343 out of 622
2/1/24 close: $135.94
1 Month avg volatility: $2.62. Volatility stop (for downward breakout): $142.44 or 4.8% above the close.
Change YTD: 2.12%
Volume: 269,500 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: Pipe top reversal pattern from 01/16/2024 to 01/22/2024
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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Surmodics, Inc (SRDX)
Industry: Medical Supplies
Industry RS rank: 50 out of 60
Stock RS rank: 363 out of 622
2/1/24 close: $32.43
1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $40.17 or 23.9% above the close.
Change YTD: -10.78%
Volume: 87,200 shares. 3 month avg: 37,286 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: Dead-cat bounce continuation pattern from 02/01/2024 to 02/01/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Teradyne Inc. (TER)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 60
Stock RS rank: 505 out of 622
2/1/24 close: $95.14
1 Month avg volatility: $2.79. Volatility stop (for downward breakout): $102.70 or 8.0% above the close.
Change YTD: -12.33%
Volume: 2,895,200 shares. 3 month avg: 2,362,042 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: Double Top, Eve and Eve reversal pattern from 12/27/2023 to 01/24/2024
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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Trex Company (TREX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 139 out of 622
2/1/24 close: $86.80
1 Month avg volatility: $2.19. Volatility stop (for upward breakout): $78.14 or 10.0% below the close.
Change YTD: 4.84%
Volume: 1,530,500 shares. 3 month avg: 245,355 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: Triangle, symmetrical continuation pattern from 12/20/2023 to 01/31/2024
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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United Parcel Service (UPS)
Industry: Air Transport
Industry RS rank: 58 out of 60
Stock RS rank: 569 out of 622
2/1/24 close: $142.41
1 Month avg volatility: $2.88. Volatility stop (for downward breakout): $148.46 or 4.3% above the close.
Change YTD: -9.43%
Volume: 6,768,800 shares. 3 month avg: 2,659,363 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 12/18/2023 to 01/26/2024
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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Veeva Systems Inc (VEEV)
Industry: Healthcare Information
Industry RS rank: 47 out of 60
Stock RS rank: 309 out of 622
2/1/24 close: $203.99
1 Month avg volatility: $4.73. Volatility stop (for upward breakout): $188.77 or 7.5% below the close.
Change YTD: 5.96%
Volume: 2,061,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Three Rising Valleys reversal pattern from 11/10/2023 to 01/08/2024
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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WillScot Mobile Mini Holdings Corp (WSC)
Industry: Industrial Services
Industry RS rank: 23 out of 60
Stock RS rank: 329 out of 622
2/1/24 close: $48.63
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $45.31 or 6.8% below the close.
Change YTD: 9.28%
Volume: 2,817,100 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 Bottom, Eve and Eve reversal pattern from 01/08/2024 to 01/16/2024
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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