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.
 
ACI Worldwide (ACIW)
Industry: IT Services
Industry RS rank: 10 out of 60
Stock RS rank: 90 out of 623
2/22/24 close: $30.56
1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $32.06 or 4.9% above the close.
Change YTD: -0.13%
Volume: 683,400 shares. 3 month avg: 679,420 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: Broadening top reversal pattern from 12/15/2023 to 02/15/2024
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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Allegiant Travel Company (ALGT)
Industry: Air Transport
Industry RS rank: 56 out of 60
Stock RS rank: 569 out of 623
2/22/24 close: $78.66
1 Month avg volatility: $2.98. Volatility stop (for upward breakout): $72.54 or 7.8% below the close.
Change YTD: -4.78%
Volume: 267,300 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, ascending reversal pattern from 01/08/2024 to 02/22/2024
Breakout is upward 70% of the time.
Average rise: 35%.
Break-even failure rate: 13%.
Throwbacks occur 57% of the time.
Price hits measure rule target 75% of the time.

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Amdocs Limited (DOX)
Industry: IT Services
Industry RS rank: 10 out of 60
Stock RS rank: 363 out of 623
2/22/24 close: $91.04
1 Month avg volatility: $1.25. Volatility stop (for downward breakout): $94.57 or 3.9% above the close.
Change YTD: 3.58%
Volume: 1,053,700 shares. 3 month avg: 895,243 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 Adam reversal pattern from 01/22/2024 to 02/07/2024
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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Amedisys Inc (AMED)
Industry: Medical Services
Industry RS rank: 46 out of 60
Stock RS rank: 401 out of 623
2/22/24 close: $94.50
1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $91.24 or 3.5% below the close.
Change YTD: -0.59%
Volume: 445,300 shares. 3 month avg: 412,928 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: Triangle, symmetrical continuation pattern from 02/06/2024 to 02/21/2024
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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AMN Healthcare (AMN)
Industry: Human Resources
Industry RS rank: 50 out of 60
Stock RS rank: 607 out of 623
2/22/24 close: $57.16
1 Month avg volatility: $3.14. Volatility stop (for downward breakout): $65.09 or 13.9% above the close.
Change YTD: -23.66%
Volume: 1,321,800 shares. 3 month avg: 286,222 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 02/16/2024 to 02/16/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Antero Resources Corp (AR)
Industry: Natural Gas (Diversified)
Industry RS rank: 51 out of 60
Stock RS rank: 438 out of 623
2/22/24 close: $25.69
1 Month avg volatility: $0.82. Volatility stop (for downward breakout): $27.66 or 7.7% above the close.
Change YTD: 13.27%
Volume: 6,550,600 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: Head-and-shoulders top reversal pattern from 12/27/2023 to 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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Avista (AVA)
Industry: Electric Utility (West)
Industry RS rank: 53 out of 60
Stock RS rank: 360 out of 623
2/22/24 close: $33.99
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $31.89 or 6.2% below the close.
Change YTD: -4.90%
Volume: 690,700 shares. 3 month avg: 396,820 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 bottom reversal pattern from 02/05/2024 to 02/12/2024
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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CNA Financial Corp (CNA)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 17 out of 60
Stock RS rank: 241 out of 623
2/22/24 close: $44.28
1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $45.98 or 3.8% above the close.
Change YTD: 4.66%
Volume: 140,000 shares. 3 month avg: 204,923 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 top reversal pattern from 02/05/2024 to 02/12/2024
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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ConAgra Brands Inc (CAG)
Industry: Food Processing
Industry RS rank: 57 out of 60
Stock RS rank: 480 out of 623
2/22/24 close: $28.28
1 Month avg volatility: $0.62. Volatility stop (for downward breakout): $29.55 or 4.5% above the close.
Change YTD: -1.33%
Volume: 3,287,100 shares. 3 month avg: 3,423,360 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple top reversal pattern from 01/04/2024 to 02/02/2024
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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Conns Inc (CONN)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 8 out of 60
Stock RS rank: 388 out of 623
2/22/24 close: $4.10
1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $3.51 or 14.5% below the close.
Change YTD: -7.66%
Volume: 100,400 shares. 3 month avg: 567,568 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: Broadening top, right-angled and descending continuation pattern from 01/08/2024 to 02/22/2024
Breakout is upward 51% of the time.
Average rise: 28%.
Break-even failure rate: 19%.
Throwbacks occur 52% of the time.
Price hits measure rule target 63% of the time.

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Discover Financial Services (DFS)
Industry: Financial Services
Industry RS rank: 19 out of 60
Stock RS rank: 53 out of 623
2/22/24 close: $120.06
1 Month avg volatility: $2.38. Volatility stop (for upward breakout): $115.25 or 4.0% below the close.
Change YTD: 6.81%
Volume: 4,335,500 shares. 3 month avg: 2,443,809 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 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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Dominion Resources Inc. (D)
Industry: Electric Utility (East)
Industry RS rank: 52 out of 60
Stock RS rank: 483 out of 623
2/22/24 close: $45.60
1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $42.87 or 6.0% below the close.
Change YTD: -2.98%
Volume: 7,655,900 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 bottom reversal pattern from 02/05/2024 to 02/12/2024
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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DTE Energy Company (DTE)
Industry: Electric Utility (Central)
Industry RS rank: 55 out of 60
Stock RS rank: 396 out of 623
2/22/24 close: $107.02
1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $102.73 or 4.0% below the close.
Change YTD: -2.94%
Volume: 1,432,700 shares. 3 month avg: 979,609 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, Eve and Eve reversal pattern from 01/24/2024 to 02/08/2024
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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Dynamic Materials (BOOM)
Industry: Metal Fabricating
Industry RS rank: 47 out of 60
Stock RS rank: 599 out of 623
2/22/24 close: $17.44
1 Month avg volatility: $0.74. Volatility stop (for upward breakout): $15.35 or 12.0% below the close.
Change YTD: -7.33%
Volume: 367,500 shares. 3 month avg: 60,208 shares.
This security may be thinly traded (less than 100k 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 01/08/2024 to 01/16/2024
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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eBay, Inc. (EBAY)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 413 out of 623
2/22/24 close: $44.28
1 Month avg volatility: $1.01. Volatility stop (for upward breakout): $41.23 or 6.9% below the close.
Change YTD: 1.51%
Volume: 7,540,900 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 bottom reversal pattern from 01/16/2024 to 02/13/2024
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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Edison International (EIX)
Industry: Electric Utility (West)
Industry RS rank: 53 out of 60
Stock RS rank: 475 out of 623
2/22/24 close: $67.42
1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $64.50 or 4.3% below the close.
Change YTD: -5.69%
Volume: 4,508,300 shares. 3 month avg: 2,498,883 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 bottom reversal pattern from 02/05/2024 to 02/12/2024
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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Encore Wire Corp (WIRE)
Industry: Metals and Mining (Div.)
Industry RS rank: 39 out of 60
Stock RS rank: 72 out of 623
2/22/24 close: $216.59
1 Month avg volatility: $7.45. Volatility stop (for downward breakout): $237.55 or 9.7% above the close.
Change YTD: 1.40%
Volume: 158,000 shares. 3 month avg: 88,880 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe top reversal pattern from 02/05/2024 to 02/12/2024
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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FARO Technologies Inc (FARO)
Industry: Precision Instrument
Industry RS rank: 34 out of 60
Stock RS rank: 122 out of 623
2/22/24 close: $21.36
1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $22.99 or 7.6% above the close.
Change YTD: -5.19%
Volume: 151,400 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 Adam reversal pattern from 01/30/2024 to 02/12/2024
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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Five9 Inc (FIVN)
Industry: Computer Software and Svcs
Industry RS rank: 20 out of 60
Stock RS rank: 550 out of 623
2/22/24 close: $61.52
1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $70.47 or 14.5% above the close.
Change YTD: -21.82%
Volume: 6,608,400 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, Eve and Adam reversal pattern from 01/22/2024 to 02/12/2024
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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Globe Life Inc. (GL)
Industry: Insurance (Life)
Industry RS rank: 16 out of 60
Stock RS rank: 224 out of 623
2/22/24 close: $127.36
1 Month avg volatility: $1.87. Volatility stop (for upward breakout): $122.57 or 3.8% below the close.
Change YTD: 4.63%
Volume: 535,100 shares. 3 month avg: 643,200 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 Bottom, Eve and Adam reversal pattern from 01/09/2024 to 02/01/2024
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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Huntsman Corporation (HUN)
Industry: Chemical (Specialty)
Industry RS rank: 15 out of 60
Stock RS rank: 466 out of 623
2/22/24 close: $26.18
1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $23.35 or 10.8% below the close.
Change YTD: 4.18%
Volume: 5,966,700 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: Double Bottom, Eve and Adam reversal pattern from 01/17/2024 to 02/13/2024
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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Illinois Tool Works Inc. (ITW)
Industry: Metal Fabricating
Industry RS rank: 47 out of 60
Stock RS rank: 312 out of 623
2/22/24 close: $258.67
1 Month avg volatility: $3.58. Volatility stop (for upward breakout): $249.99 or 3.4% below the close.
Change YTD: -1.25%
Volume: 1,383,700 shares. 3 month avg: 1,083,738 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 Bottom, Adam and Adam reversal pattern from 02/01/2024 to 02/13/2024
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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Integer Holdings Corp (ITGR)
Industry: Electronics
Industry RS rank: 42 out of 60
Stock RS rank: 172 out of 623
2/22/24 close: $100.18
1 Month avg volatility: $2.59. Volatility stop (for downward breakout): $105.77 or 5.6% above the close.
Change YTD: 1.11%
Volume: 298,600 shares. 3 month avg: 128,783 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 01/22/2024 to 02/13/2024
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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Jazz Pharmaceuticals, Inc. (JAZZ)
Industry: Biotechnology
Industry RS rank: 33 out of 60
Stock RS rank: 513 out of 623
2/22/24 close: $128.45
1 Month avg volatility: $3.08. Volatility stop (for upward breakout): $119.94 or 6.6% below the close.
Change YTD: 4.43%
Volume: 343,400 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: Triple bottom reversal pattern from 02/02/2024 to 02/14/2024
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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Kellogg Co (K)
Industry: Food Processing
Industry RS rank: 57 out of 60
Stock RS rank: 504 out of 623
2/22/24 close: $56.98
1 Month avg volatility: $1.14. Volatility stop (for upward breakout): $53.20 or 6.6% below the close.
Change YTD: 1.91%
Volume: 4,296,400 shares. 3 month avg: 3,593,774 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 Bottom, Eve and Eve reversal pattern from 01/22/2024 to 02/09/2024
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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Matador Resources Co (MTDR)
Industry: Petroleum (Producing)
Industry RS rank: 44 out of 60
Stock RS rank: 428 out of 623
2/22/24 close: $60.69
1 Month avg volatility: $1.73. Volatility stop (for upward breakout): $55.86 or 8.0% below the close.
Change YTD: 6.74%
Volume: 1,954,400 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Triple bottom reversal pattern from 12/12/2023 to 02/05/2024
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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Myriad Genetics Inc (MYGN)
Industry: Biotechnology
Industry RS rank: 33 out of 60
Stock RS rank: 108 out of 623
2/22/24 close: $23.10
1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $21.01 or 9.0% below the close.
Change YTD: 20.69%
Volume: 361,100 shares. 3 month avg: 906,888 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 Bottom, Adam and Adam reversal pattern from 02/05/2024 to 02/13/2024
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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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 7 out of 60
Stock RS rank: 524 out of 623
2/22/24 close: $28.97
1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $30.72 or 6.0% above the close.
Change YTD: -4.26%
Volume: 34,100 shares. 3 month avg: 31,645 shares.
This security may be thinly traded (less than 100k 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 01/31/2024 to 02/12/2024
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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Occidental Petroleum Corp (OXY)
Industry: Petroleum (Producing)
Industry RS rank: 44 out of 60
Stock RS rank: 454 out of 623
2/22/24 close: $60.53
1 Month avg volatility: $1.12. Volatility stop (for upward breakout): $57.59 or 4.9% below the close.
Change YTD: 1.37%
Volume: 9,263,200 shares. 3 month avg: 12,583,708 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 01/18/2024 to 02/05/2024
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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Oxford Industries (OXM)
Industry: Apparel
Industry RS rank: 1 out of 60
Stock RS rank: 463 out of 623
2/22/24 close: $99.52
1 Month avg volatility: $2.33. Volatility stop (for upward breakout): $94.30 or 5.2% below the close.
Change YTD: -0.48%
Volume: 147,200 shares. 3 month avg: 112,505 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 Bottom, Eve and Eve reversal pattern from 01/16/2024 to 02/05/2024
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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Palo Alto Networks Inc (PANW)
Industry: Computer Software and Svcs
Industry RS rank: 20 out of 60
Stock RS rank: 238 out of 623
2/22/24 close: $267.82
1 Month avg volatility: $9.66. Volatility stop (for downward breakout): $296.14 or 10.6% above the close.
Change YTD: -9.18%
Volume: 19,235,700 shares. 3 month avg: 1,496,697 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 02/21/2024 to 02/21/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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PPL Corporation (PPL)
Industry: Electric Utility (East)
Industry RS rank: 52 out of 60
Stock RS rank: 324 out of 623
2/22/24 close: $26.85
1 Month avg volatility: $0.42. Volatility stop (for upward breakout): $25.66 or 4.5% below the close.
Change YTD: -0.92%
Volume: 5,369,200 shares. 3 month avg: 4,479,998 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, Eve and Eve reversal pattern from 01/24/2024 to 02/08/2024
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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Pure Storage, Inc (PSTG)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 45 out of 60
Stock RS rank: 303 out of 623
2/22/24 close: $41.19
1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $43.68 or 6.1% above the close.
Change YTD: 15.51%
Volume: 3,562,200 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: Pipe top reversal pattern from 02/05/2024 to 02/12/2024
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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RingCentral Inc (RNG)
Industry: Computer Software and Svcs
Industry RS rank: 20 out of 60
Stock RS rank: 336 out of 623
2/22/24 close: $30.22
1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $34.79 or 15.1% above the close.
Change YTD: -10.99%
Volume: 2,986,500 shares. 3 month avg: 1,339,514 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: Head-and-shoulders top reversal pattern from 12/28/2023 to 02/12/2024
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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Rollins Inc (ROL)
Industry: Industrial Services
Industry RS rank: 24 out of 60
Stock RS rank: 334 out of 623
2/22/24 close: $41.83
1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $39.76 or 5.0% below the close.
Change YTD: -4.21%
Volume: 4,728,800 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, ascending reversal pattern from 01/22/2024 to 02/14/2024
Breakout is upward 70% of the time.
Average rise: 35%.
Break-even failure rate: 13%.
Throwbacks occur 57% of the time.
Price hits measure rule target 75% of the time.

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Ryder System Inc (R)
Industry: Trucking/Transp. Leasing
Industry RS rank: 21 out of 60
Stock RS rank: 205 out of 623
2/22/24 close: $112.62
1 Month avg volatility: $2.87. Volatility stop (for downward breakout): $118.77 or 5.5% above the close.
Change YTD: -2.12%
Volume: 423,400 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: Double Top, Adam and Adam reversal pattern from 12/26/2023 to 02/12/2024
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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Semtech Corp (SMTC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 4 out of 60
Stock RS rank: 581 out of 623
2/22/24 close: $20.83
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $18.53 or 11.0% below the close.
Change YTD: -4.93%
Volume: 1,254,800 shares. 3 month avg: 510,991 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 01/17/2024 to 02/21/2024
WARNING: A dead-cat bounce occurred on 10/19/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/18/2024.
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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ServiceNow Inc (NOW)
Industry: IT Services
Industry RS rank: 10 out of 60
Stock RS rank: 54 out of 623
2/22/24 close: $769.21
1 Month avg volatility: $17.89. Volatility stop (for downward breakout): $827.64 or 7.6% above the close.
Change YTD: 8.88%
Volume: 2,136,900 shares. 3 month avg: 1,411,754 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe top reversal pattern from 02/05/2024 to 02/12/2024
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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Shopify Inc Cl A (SHOP)
Industry: E-Commerce
Industry RS rank: 9 out of 60
Stock RS rank: 79 out of 623
2/22/24 close: $75.03
1 Month avg volatility: $3.22. Volatility stop (for downward breakout): $85.28 or 13.7% above the close.
Change YTD: -3.68%
Volume: 11,172,500 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: Pipe top reversal pattern from 02/05/2024 to 02/12/2024
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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Southwest Gas Corp. (SWX)
Industry: Natural Gas (Distributor)
Industry RS rank: 54 out of 60
Stock RS rank: 457 out of 623
2/22/24 close: $62.55
1 Month avg volatility: $1.39. Volatility stop (for upward breakout): $58.10 or 7.1% below the close.
Change YTD: -1.26%
Volume: 2,265,800 shares. 3 month avg: 213,628 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 Bottom, Adam and Adam reversal pattern from 02/08/2024 to 02/14/2024
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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Southwestern Energy Company (SWN)
Industry: Natural Gas (Diversified)
Industry RS rank: 51 out of 60
Stock RS rank: 306 out of 623
2/22/24 close: $7.02
1 Month avg volatility: $0.17. Volatility stop (for upward breakout): $6.59 or 6.2% below the close.
Change YTD: 7.18%
Volume: 15,827,400 shares. 3 month avg: 16,683,949 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: Triple bottom reversal pattern from 01/23/2024 to 02/14/2024
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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Teladoc, Inc (TDOC)
Industry: Healthcare Information
Industry RS rank: 38 out of 60
Stock RS rank: 606 out of 623
2/22/24 close: $15.21
1 Month avg volatility: $0.83. Volatility stop (for downward breakout): $17.38 or 14.3% above the close.
Change YTD: -29.42%
Volume: 11,160,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Dead-cat bounce continuation pattern from 02/21/2024 to 02/21/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Unisys Corp (UIS)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 45 out of 60
Stock RS rank: 109 out of 623
2/22/24 close: $4.99
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $6.21 or 24.5% above the close.
Change YTD: -11.21%
Volume: 2,247,400 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: Dead-cat bounce continuation pattern from 02/21/2024 to 02/21/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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