As of 05/08/2024
  Indus: 39,056 +172.13 +0.4%  
  Trans: 15,422 -12.47 -0.1%  
  Utils: 935 +5.06 +0.5%  
  Nasdaq: 16,303 -29.80 -0.2%  
  S&P 500: 5,188 -0.03 0.0%  
YTD
 +3.6%  
-3.0%  
 +6.0%  
 +8.6%  
 +8.8%  
  Targets    Overview: 04/29/2024  
  Up arrow39,325 or 37,000 by 05/15/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024
As of 05/08/2024
  Indus: 39,056 +172.13 +0.4%  
  Trans: 15,422 -12.47 -0.1%  
  Utils: 935 +5.06 +0.5%  
  Nasdaq: 16,303 -29.80 -0.2%  
  S&P 500: 5,188 -0.03 0.0%  
YTD
 +3.6%  
-3.0%  
 +6.0%  
 +8.6%  
 +8.8%  
  Targets    Overview: 04/29/2024  
  Up arrow39,325 or 37,000 by 05/15/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024

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.
 
3D Systems (DDD)
Industry: Electronics
Industry RS rank: 38 out of 60
Stock RS rank: 565 out of 623
3/7/24 close: $4.84
1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $5.43 or 12.3% above the close.
Change YTD: -23.78%
Volume: 1,865,300 shares. 3 month avg: 3,031,971 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Dead-cat bounce continuation pattern from 02/28/2024 to 02/28/2024
Breakout is downward 67% of the time.
Average decline: 18%.

Top

Advanced Energy (AEIS)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 516 out of 623
3/7/24 close: $105.72
1 Month avg volatility: $2.93. Volatility stop (for upward breakout): $97.38 or 7.9% below the close.
Change YTD: -2.94%
Volume: 196,300 shares. 3 month avg: 447,252 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: Triple bottom reversal pattern from 02/07/2024 to 02/28/2024
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.

Top

Air Products and Chemicals, Inc. (APD)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 570 out of 623
3/7/24 close: $245.17
1 Month avg volatility: $4.42. Volatility stop (for upward breakout): $235.44 or 4.0% below the close.
Change YTD: -10.46%
Volume: 1,914,600 shares. 3 month avg: 1,051,743 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 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.

Top

Albemarle Corp. (ALB)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 608 out of 623
3/7/24 close: $122.66
1 Month avg volatility: $6.06. Volatility stop (for upward breakout): $106.16 or 13.5% below the close.
Change YTD: -15.10%
Volume: 4,185,500 shares. 3 month avg: 1,363,352 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: Head-and-shoulders bottom reversal pattern from 01/19/2024 to 02/13/2024
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.

Top

Alcoa (AA)
Industry: Aerospace/Defense
Industry RS rank: 27 out of 60
Stock RS rank: 465 out of 623
3/7/24 close: $29.87
1 Month avg volatility: $1.02. Volatility stop (for upward breakout): $26.82 or 10.2% below the close.
Change YTD: -12.15%
Volume: 7,690,900 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: Double Bottom, Adam and Adam reversal pattern from 02/13/2024 to 02/26/2024
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.

Top

American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 3 out of 60
Stock RS rank: 92 out of 623
3/7/24 close: $23.00
1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $21.37 or 7.1% below the close.
Change YTD: 8.70%
Volume: 17,400,200 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: Triple bottom reversal pattern from 01/05/2024 to 02/01/2024
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.

Top

Arrow Electronics (ARW)
Industry: Electronics
Industry RS rank: 38 out of 60
Stock RS rank: 513 out of 623
3/7/24 close: $120.36
1 Month avg volatility: $2.06. Volatility stop (for upward breakout): $115.87 or 3.7% below the close.
Change YTD: -1.55%
Volume: 346,700 shares. 3 month avg: 447,163 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 bottom reversal pattern from 02/01/2024 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.

Top

Axis Capital Holdings Ltd (AXS)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 20 out of 60
Stock RS rank: 305 out of 623
3/7/24 close: $60.94
1 Month avg volatility: $1.10. Volatility stop (for downward breakout): $63.37 or 4.0% above the close.
Change YTD: 10.06%
Volume: 435,500 shares. 3 month avg: 808,385 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 02/20/2024 to 02/28/2024
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.

Top

Badger Meter Inc. (BMI)
Industry: Precision Instrument
Industry RS rank: 24 out of 60
Stock RS rank: 458 out of 623
3/7/24 close: $162.77
1 Month avg volatility: $2.89. Volatility stop (for upward breakout): $156.52 or 3.8% below the close.
Change YTD: 5.44%
Volume: 140,900 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: Ugly double bottom reversal pattern from 02/06/2024 to 02/22/2024
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.

Top

Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 4 out of 60
Stock RS rank: 427 out of 623
3/7/24 close: $15.46
1 Month avg volatility: $0.37. Volatility stop (for upward breakout): $14.56 or 5.8% below the close.
Change YTD: -6.87%
Volume: 16,000 shares. 3 month avg: 28,538 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: Triangle, symmetrical continuation pattern from 12/27/2023 to 03/07/2024
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.

Top

Booking Holdings (BKNG)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 30 out of 60
Stock RS rank: 299 out of 623
3/7/24 close: $3,477.76
1 Month avg volatility: $77.33. Volatility stop (for downward breakout): $3,638.76 or 4.6% above the close.
Change YTD: -1.96%
Volume: 269,500 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: Double Top, Eve and Adam reversal pattern from 02/08/2024 to 02/22/2024
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.

Top

Brinks Co (BCO)
Industry: Industrial Services
Industry RS rank: 16 out of 60
Stock RS rank: 289 out of 623
3/7/24 close: $84.28
1 Month avg volatility: $1.66. Volatility stop (for upward breakout): $80.88 or 4.0% below the close.
Change YTD: -4.17%
Volume: 202,800 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: Triple bottom reversal pattern from 01/17/2024 to 02/28/2024
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.

Top

Broadridge Financial Solutions Inc (BR)
Industry: Information Services
Industry RS rank: 31 out of 60
Stock RS rank: 301 out of 623
3/7/24 close: $204.90
1 Month avg volatility: $2.53. Volatility stop (for upward breakout): $198.52 or 3.1% below the close.
Change YTD: -0.41%
Volume: 498,900 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: 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.

Top

Century Aluminum Co. (CENX)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 25 out of 623
3/7/24 close: $11.38
1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $10.15 or 10.8% below the close.
Change YTD: -6.26%
Volume: 1,316,800 shares. 3 month avg: 2,285,742 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: Head-and-shoulders bottom reversal pattern from 02/13/2024 to 03/05/2024
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.

Top

Clean Energy Fuels Corp. (CLNE)
Industry: Natural Gas (Distributor)
Industry RS rank: 49 out of 60
Stock RS rank: 611 out of 623
3/7/24 close: $2.70
1 Month avg volatility: $0.14. Volatility stop (for downward breakout): $3.06 or 13.3% above the close.
Change YTD: -29.50%
Volume: 1,740,500 shares. 3 month avg: 1,021,160 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: Triple top reversal pattern from 02/12/2024 to 02/28/2024
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.

Top

CNX Resources Corp (CNX)
Industry: Natural Gas (Diversified)
Industry RS rank: 53 out of 60
Stock RS rank: 491 out of 623
3/7/24 close: $21.04
1 Month avg volatility: $0.51. Volatility stop (for upward breakout): $19.98 or 5.0% below the close.
Change YTD: 5.20%
Volume: 2,133,000 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Broadening bottom reversal pattern from 12/12/2023 to 02/21/2024
Breakout is upward 53% of the time.
Average rise: 27%.
Break-even failure rate: 10%.
Throwbacks occur 41% of the time.
Price hits measure rule target 59% of the time.

Top

Con Edison, Inc (ED)
Industry: Electric Utility (East)
Industry RS rank: 45 out of 60
Stock RS rank: 396 out of 623
3/7/24 close: $89.94
1 Month avg volatility: $1.40. Volatility stop (for upward breakout): $86.93 or 3.3% below the close.
Change YTD: -1.13%
Volume: 1,007,900 shares. 3 month avg: 1,605,666 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple bottom reversal pattern from 02/13/2024 to 03/01/2024
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.

Top

CSG Systems International Inc (CSGS)
Industry: IT Services
Industry RS rank: 11 out of 60
Stock RS rank: 460 out of 623
3/7/24 close: $53.27
1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $50.30 or 5.6% below the close.
Change YTD: 0.11%
Volume: 162,800 shares. 3 month avg: 127,302 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 01/29/2024 to 02/05/2024
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.

Top

Devon Energy Corp. (DVN)
Industry: Natural Gas (Diversified)
Industry RS rank: 53 out of 60
Stock RS rank: 555 out of 623
3/7/24 close: $45.89
1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $43.63 or 4.9% below the close.
Change YTD: 1.30%
Volume: 6,481,700 shares. 3 month avg: 4,704,349 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: Double Bottom, Eve and Eve reversal pattern from 01/18/2024 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.

Top

Distribution Solutions (DSGR)
Industry: Metal Fabricating
Industry RS rank: 50 out of 60
Stock RS rank: 275 out of 623
3/7/24 close: $28.65
1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $34.54 or 20.6% above the close.
Change YTD: -9.22%
Volume: 283,000 shares. 3 month avg: 11,408 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
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.

Top

Duke Energy Corp (DUK)
Industry: Electric Utility (East)
Industry RS rank: 45 out of 60
Stock RS rank: 340 out of 623
3/7/24 close: $94.48
1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $91.19 or 3.5% below the close.
Change YTD: -2.64%
Volume: 2,510,100 shares. 3 month avg: 2,571,354 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 02/13/2024 to 03/01/2024
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.

Top

EOG Resources (EOG)
Industry: Natural Gas (Distributor)
Industry RS rank: 49 out of 60
Stock RS rank: 545 out of 623
3/7/24 close: $117.85
1 Month avg volatility: $2.41. Volatility stop (for upward breakout): $111.92 or 5.0% below the close.
Change YTD: -2.56%
Volume: 3,470,300 shares. 3 month avg: 2,618,102 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 01/19/2024 to 02/23/2024
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.

Top

FARO Technologies Inc (FARO)
Industry: Precision Instrument
Industry RS rank: 24 out of 60
Stock RS rank: 63 out of 623
3/7/24 close: $21.54
1 Month avg volatility: $0.80. Volatility stop (for downward breakout): $23.38 or 8.5% above the close.
Change YTD: -4.39%
Volume: 240,700 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: Horn top reversal pattern from 01/29/2024 to 02/12/2024
Breakout is downward 100% of the time.
Average decline: 21%.
Break-even failure rate: 7%.
Pullbacks occur 33% of the time.
Price hits measure rule target 70% of the time.

Top

Flextronics International Ltd (FLEX)
Industry: Electronics
Industry RS rank: 38 out of 60
Stock RS rank: 255 out of 623
3/7/24 close: $30.51
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $28.79 or 5.6% below the close.
Change YTD: 0.16%
Volume: 3,061,200 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: Double Bottom, Adam and Adam reversal pattern from 02/21/2024 to 02/28/2024
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: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Top

FormFactor Inc. (FORM)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 93 out of 623
3/7/24 close: $46.16
1 Month avg volatility: $1.69. Volatility stop (for upward breakout): $41.62 or 9.8% below the close.
Change YTD: 10.67%
Volume: 413,300 shares. 3 month avg: 748,688 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 01/29/2024 to 02/05/2024
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.

Top

Franco-Nevada Corp (FNV)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 586 out of 623
3/7/24 close: $112.24
1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $106.14 or 5.4% below the close.
Change YTD: 1.29%
Volume: 954,100 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 bottom reversal pattern from 01/11/2024 to 02/28/2024
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.

Top

Freeport-McMoRan Copper and Gold B (FCX)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 468 out of 623
3/7/24 close: $39.81
1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $37.57 or 5.6% below the close.
Change YTD: -6.48%
Volume: 12,756,900 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: Head-and-shoulders bottom reversal pattern from 01/22/2024 to 03/05/2024
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.

Top

Gap Inc. (GPS)
Industry: Apparel
Industry RS rank: 3 out of 60
Stock RS rank: 12 out of 623
3/7/24 close: $19.33
1 Month avg volatility: $0.68. Volatility stop (for downward breakout): $21.20 or 9.7% above the close.
Change YTD: -7.56%
Volume: 18,533,100 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: Triangle, descending reversal pattern from 01/31/2024 to 02/29/2024
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.

Top

Hecla Mining Co. (HL)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 454 out of 623
3/7/24 close: $4.13
1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $3.71 or 10.3% below the close.
Change YTD: -14.14%
Volume: 8,142,300 shares. 3 month avg: 4,539,271 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: Triangle, symmetrical continuation pattern from 02/12/2024 to 02/28/2024
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.

Top

Helmerich and Payne Inc. (HP)
Industry: Petroleum (Producing)
Industry RS rank: 51 out of 60
Stock RS rank: 501 out of 623
3/7/24 close: $39.64
1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $36.15 or 8.8% below the close.
Change YTD: 9.44%
Volume: 1,039,500 shares. 3 month avg: 1,326,055 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 02/13/2024 to 03/07/2024
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.

Top

Honeywell International Inc (HON)
Industry: Aerospace/Defense
Industry RS rank: 27 out of 60
Stock RS rank: 315 out of 623
3/7/24 close: $202.61
1 Month avg volatility: $2.54. Volatility stop (for upward breakout): $196.65 or 2.9% below the close.
Change YTD: -3.39%
Volume: 2,330,500 shares. 3 month avg: 2,744,942 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 bottom reversal pattern from 01/17/2024 to 03/01/2024
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.

Top

Horton, D.R. Inc. (DHI)
Industry: Homebuilding
Industry RS rank: 8 out of 60
Stock RS rank: 88 out of 623
3/7/24 close: $155.30
1 Month avg volatility: $3.08. Volatility stop (for upward breakout): $147.36 or 5.1% below the close.
Change YTD: 2.18%
Volume: 2,969,300 shares. 3 month avg: 4,390,840 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Triple bottom reversal pattern from 01/24/2024 to 02/20/2024
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.

Top

Illumina Inc (ILMN)
Industry: Biotechnology
Industry RS rank: 35 out of 60
Stock RS rank: 562 out of 623
3/7/24 close: $136.00
1 Month avg volatility: $5.42. Volatility stop (for upward breakout): $124.47 or 8.5% below the close.
Change YTD: -2.33%
Volume: 1,055,300 shares. 3 month avg: 726,254 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: Multi-peaks from 01/09/2024 to 03/07/2024

Top

Infinera Corp. (INFN)
Industry: Telecom. Equipment
Industry RS rank: 12 out of 60
Stock RS rank: 286 out of 623
3/7/24 close: $4.86
1 Month avg volatility: $0.29. Volatility stop (for downward breakout): $5.93 or 22.0% above the close.
Change YTD: 2.32%
Volume: 16,457,900 shares. 3 month avg: 1,624,214 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Broadening top reversal pattern from 01/26/2024 to 03/07/2024
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.

Top

Insperity (NSP)
Industry: Human Resources
Industry RS rank: 44 out of 60
Stock RS rank: 437 out of 623
3/7/24 close: $100.39
1 Month avg volatility: $3.10. Volatility stop (for upward breakout): $93.86 or 6.5% below the close.
Change YTD: -14.36%
Volume: 385,600 shares. 3 month avg: 131,942 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 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.

Top

Intel Corporation (INTC)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 145 out of 623
3/7/24 close: $46.15
1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $42.69 or 7.5% below the close.
Change YTD: -8.16%
Volume: 48,859,400 shares. 3 month avg: 27,019,903 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: Double Bottom, Adam and Adam reversal pattern from 02/02/2024 to 02/28/2024
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.

Top

Inter Parfums Inc. (IPAR)
Industry: Toiletries/Cosmetics
Industry RS rank: 55 out of 60
Stock RS rank: 390 out of 623
3/7/24 close: $139.76
1 Month avg volatility: $4.26. Volatility stop (for downward breakout): $150.27 or 7.5% above the close.
Change YTD: -2.95%
Volume: 71,700 shares. 3 month avg: 108,312 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 Eve reversal pattern from 02/12/2024 to 02/27/2024
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.

Top

Jack Henry and Associates (JKHY)
Industry: IT Services
Industry RS rank: 11 out of 60
Stock RS rank: 271 out of 623
3/7/24 close: $173.78
1 Month avg volatility: $3.00. Volatility stop (for upward breakout): $166.75 or 4.0% below the close.
Change YTD: 6.35%
Volume: 249,700 shares. 3 month avg: 543,437 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 02/12/2024 to 03/07/2024
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.

Top

JetBlue Airways Corporation (JBLU)
Industry: Air Transport
Industry RS rank: 52 out of 60
Stock RS rank: 98 out of 623
3/7/24 close: $7.42
1 Month avg volatility: $0.33. Volatility stop (for upward breakout): $6.45 or 13.1% below the close.
Change YTD: 33.69%
Volume: 15,328,800 shares. 3 month avg: 6,141,268 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: Broadening top, right-angled and descending continuation pattern from 12/13/2023 to 02/07/2024
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.

Top

Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 412 out of 623
3/7/24 close: $51.81
1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $46.58 or 10.1% below the close.
Change YTD: -5.32%
Volume: 597,800 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: Double Bottom, Eve and Adam reversal pattern from 02/02/2024 to 02/29/2024
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.

Top

LiveRamp Holdings (RAMP)
Industry: Computer Software and Svcs
Industry RS rank: 29 out of 60
Stock RS rank: 321 out of 623
3/7/24 close: $34.25
1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $36.83 or 7.5% above the close.
Change YTD: -9.58%
Volume: 316,700 shares. 3 month avg: 906,945 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 01/18/2024 to 02/08/2024
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.

Top

LSB Industries Inc (LXU)
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: 597 out of 623
3/7/24 close: $7.54
1 Month avg volatility: $0.28. Volatility stop (for downward breakout): $8.35 or 10.7% above the close.
Change YTD: -19.01%
Volume: 761,900 shares. 3 month avg: 417,169 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: Pipe top reversal pattern from 01/22/2024 to 01/29/2024
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.

Top

MACOM Technology Solutions Holdings (MTSI)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 183 out of 623
3/7/24 close: $98.51
1 Month avg volatility: $2.56. Volatility stop (for upward breakout): $89.33 or 9.3% below the close.
Change YTD: 5.98%
Volume: 517,700 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: Double Bottom, Eve and Eve reversal pattern from 01/05/2024 to 02/06/2024
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.

Top

Manhattan Associates (MANH)
Industry: IT Services
Industry RS rank: 11 out of 60
Stock RS rank: 101 out of 623
3/7/24 close: $266.03
1 Month avg volatility: $5.12. Volatility stop (for upward breakout): $245.47 or 7.7% below the close.
Change YTD: 23.55%
Volume: 452,000 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: Double Bottom, Adam and Adam reversal pattern from 02/13/2024 to 02/21/2024
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.

Top

MGE Energy Inc (MGEE)
Industry: Electric Utility (Central)
Industry RS rank: 42 out of 60
Stock RS rank: 283 out of 623
3/7/24 close: $79.95
1 Month avg volatility: $1.86. Volatility stop (for upward breakout): $76.10 or 4.8% below the close.
Change YTD: 10.57%
Volume: 642,000 shares. 3 month avg: 83,160 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 Bottom, Adam and Adam reversal pattern from 02/06/2024 to 03/01/2024
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.

Top

Micron Technology (MU)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 53 out of 623
3/7/24 close: $98.98
1 Month avg volatility: $2.20. Volatility stop (for upward breakout): $93.07 or 6.0% below the close.
Change YTD: 15.98%
Volume: 24,562,500 shares. 3 month avg: 38,182,855 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 02/12/2024 to 02/20/2024
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.

Top

Morgan Stanley (MS)
Industry: Securities Brokerage
Industry RS rank: 34 out of 60
Stock RS rank: 417 out of 623
3/7/24 close: $86.14
1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $82.34 or 4.4% below the close.
Change YTD: -7.62%
Volume: 9,138,100 shares. 3 month avg: 7,185,892 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, Adam and Adam reversal pattern from 01/19/2024 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.

Top

Murphy Oil Corporation (MUR)
Industry: Petroleum (Integrated)
Industry RS rank: 57 out of 60
Stock RS rank: 546 out of 623
3/7/24 close: $40.80
1 Month avg volatility: $0.94. Volatility stop (for upward breakout): $37.36 or 8.4% below the close.
Change YTD: -4.36%
Volume: 3,119,500 shares. 3 month avg: 2,218,335 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, Adam and Adam reversal pattern from 01/25/2024 to 02/05/2024
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.

Top

National Oilwell Varco (NOV)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 580 out of 623
3/7/24 close: $17.67
1 Month avg volatility: $0.42. Volatility stop (for downward breakout): $18.59 or 5.2% above the close.
Change YTD: -12.87%
Volume: 3,001,600 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 02/12/2024 to 03/05/2024
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.

Top

Novanta Inc (NOVT)
Industry: Precision Instrument
Industry RS rank: 24 out of 60
Stock RS rank: 330 out of 623
3/7/24 close: $178.38
1 Month avg volatility: $4.69. Volatility stop (for upward breakout): $166.17 or 6.9% below the close.
Change YTD: 5.92%
Volume: 141,500 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: Double Bottom, Adam and Adam reversal pattern from 02/21/2024 to 02/27/2024
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.

Top

Nutanix Inc (NTNX)
Industry: E-Commerce
Industry RS rank: 10 out of 60
Stock RS rank: 5 out of 623
3/7/24 close: $65.25
1 Month avg volatility: $1.92. Volatility stop (for upward breakout): $59.90 or 8.2% below the close.
Change YTD: 36.82%
Volume: 6,297,700 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 02/12/2024 to 02/20/2024
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.

Top

NVidia Corp (NVDA)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 3 out of 623
3/7/24 close: $926.69
1 Month avg volatility: $28.04. Volatility stop (for upward breakout): $839.95 or 9.4% below the close.
Change YTD: 87.13%
Volume: 58,662,900 shares. 3 month avg: 15,363,712 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: Flag, high and tight continuation pattern from 01/04/2024 to 03/07/2024
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.

Top

Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 56 out of 60
Stock RS rank: 494 out of 623
3/7/24 close: $71.37
1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $67.17 or 5.9% below the close.
Change YTD: -0.65%
Volume: 1,456,000 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: Head-and-shoulders bottom reversal pattern from 01/17/2024 to 02/28/2024
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.

Top

Ralph Lauren Corp. (RL)
Industry: Apparel
Industry RS rank: 3 out of 60
Stock RS rank: 23 out of 623
3/7/24 close: $179.71
1 Month avg volatility: $4.38. Volatility stop (for downward breakout): $189.80 or 5.6% above the close.
Change YTD: 24.63%
Volume: 1,051,800 shares. 3 month avg: 933,391 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 02/20/2024 to 02/26/2024
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.

Top

Rambus Inc (RMBS)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 249 out of 623
3/7/24 close: $65.40
1 Month avg volatility: $2.55. Volatility stop (for upward breakout): $59.12 or 9.6% below the close.
Change YTD: -4.18%
Volume: 1,158,800 shares. 3 month avg: 669,732 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 bottom reversal pattern from 02/07/2024 to 02/21/2024
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.

Top

Rockwell Automation Inc (ROK)
Industry: Diversified Co.
Industry RS rank: 32 out of 60
Stock RS rank: 492 out of 623
3/7/24 close: $294.14
1 Month avg volatility: $5.98. Volatility stop (for upward breakout): $278.68 or 5.3% below the close.
Change YTD: -5.26%
Volume: 552,000 shares. 3 month avg: 619,245 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 01/31/2024 to 02/21/2024
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.

Top

Sandstorm Gold Ltd (SAND)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 535 out of 623
3/7/24 close: $4.69
1 Month avg volatility: $0.13. Volatility stop (for upward breakout): $4.34 or 7.4% below the close.
Change YTD: -6.76%
Volume: 2,055,900 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: Double Bottom, Eve and Adam reversal pattern from 02/13/2024 to 02/28/2024
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.

Top

Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 26 out of 60
Stock RS rank: 147 out of 623
3/7/24 close: $66.83
1 Month avg volatility: $2.50. Volatility stop (for upward breakout): $59.95 or 10.3% below the close.
Change YTD: 4.83%
Volume: 851,800 shares. 3 month avg: 327,891 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 bottom reversal pattern from 01/17/2024 to 02/22/2024
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.

Top

Silgan Holdings Inc (SLGN)
Industry: Packaging and Container
Industry RS rank: 33 out of 60
Stock RS rank: 434 out of 623
3/7/24 close: $43.71
1 Month avg volatility: $0.69. Volatility stop (for downward breakout): $45.33 or 3.7% above the close.
Change YTD: -3.40%
Volume: 884,800 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: Double Top, Adam and Adam reversal pattern from 02/12/2024 to 02/23/2024
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.

Top

Sitio Royalties Corp (STR)
Industry: Natural Gas (Diversified)
Industry RS rank: 53 out of 60
Stock RS rank: 526 out of 623
3/7/24 close: $23.76
1 Month avg volatility: $0.55. Volatility stop (for upward breakout): $22.48 or 5.4% below the close.
Change YTD: 1.06%
Volume: 593,900 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 bottom reversal pattern from 01/19/2024 to 02/23/2024
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.

Top

Steelcase (SCS)
Industry: Furn/Home Furnishings
Industry RS rank: 4 out of 60
Stock RS rank: 31 out of 623
3/7/24 close: $12.89
1 Month avg volatility: $0.34. Volatility stop (for upward breakout): $12.13 or 5.9% below the close.
Change YTD: -4.66%
Volume: 678,000 shares. 3 month avg: 708,518 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: Channel from 01/18/2024 to 03/07/2024

Top

Surmodics, Inc (SRDX)
Industry: Medical Supplies
Industry RS rank: 46 out of 60
Stock RS rank: 587 out of 623
3/7/24 close: $30.15
1 Month avg volatility: $1.26. Volatility stop (for downward breakout): $33.25 or 10.3% above the close.
Change YTD: -17.06%
Volume: 31,800 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: Horn top reversal pattern from 02/12/2024 to 02/26/2024
WARNING: A dead-cat bounce occurred on 02/01/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/02/2024 and a 38% chance by 08/01/2024.
Breakout is downward 100% of the time.
Average decline: 21%.
Break-even failure rate: 7%.
Pullbacks occur 33% of the time.
Price hits measure rule target 70% of the time.

Top

Teleflex Inc (TFX)
Industry: Diversified Co.
Industry RS rank: 32 out of 60
Stock RS rank: 328 out of 623
3/7/24 close: $228.88
1 Month avg volatility: $5.20. Volatility stop (for upward breakout): $214.58 or 6.3% below the close.
Change YTD: -8.21%
Volume: 390,700 shares. 3 month avg: 269,822 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: Multi-peaks from 12/18/2023 to 02/16/2024

Top

Teradata Corp (TDC)
Industry: Computer Software and Svcs
Industry RS rank: 29 out of 60
Stock RS rank: 557 out of 623
3/7/24 close: $38.41
1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $41.14 or 7.1% above the close.
Change YTD: -11.72%
Volume: 1,132,600 shares. 3 month avg: 1,378,918 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 01/22/2024 to 02/12/2024
WARNING: A dead-cat bounce occurred on 02/13/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/14/2024 and a 38% chance by 08/13/2024.
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.

Top

Texas Instruments Inc. (TXN)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 2 out of 60
Stock RS rank: 385 out of 623
3/7/24 close: $175.27
1 Month avg volatility: $2.84. Volatility stop (for upward breakout): $166.61 or 4.9% below the close.
Change YTD: 2.82%
Volume: 5,798,900 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: Double Bottom, Eve 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: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Top

Twilio Inc Cl A (TWLO)
Industry: E-Commerce
Industry RS rank: 10 out of 60
Stock RS rank: 515 out of 623
3/7/24 close: $61.16
1 Month avg volatility: $2.13. Volatility stop (for upward breakout): $54.43 or 11.0% below the close.
Change YTD: -19.39%
Volume: 4,771,800 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 Bottom, Eve and Adam reversal pattern from 02/21/2024 to 03/05/2024
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.

Top

U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 37 out of 60
Stock RS rank: 553 out of 623
3/7/24 close: $11.50
1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $10.53 or 8.5% below the close.
Change YTD: 1.68%
Volume: 537,500 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 01/17/2024 to 02/23/2024
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.

Top

Veradigm Inc. (MDRX)
Industry: Healthcare Information
Industry RS rank: 48 out of 60
Stock RS rank: 616 out of 623
3/7/24 close: $7.50
1 Month avg volatility: $0.58. Volatility stop (for downward breakout): $8.81 or 17.5% above the close.
Change YTD: -28.50%
Volume: 5,764,800 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 02/26/2024 to 03/01/2024
Breakout is downward 67% of the time.
Average decline: 18%.

Top

Werner Enterprises, Inc (WERN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 19 out of 60
Stock RS rank: 482 out of 623
3/7/24 close: $39.11
1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $41.42 or 5.9% above the close.
Change YTD: -7.69%
Volume: 805,400 shares. 3 month avg: 887,242 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 01/23/2024 to 02/12/2024
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.

Top

Wolverine World Wide (WWW)
Industry: Shoe
Industry RS rank: 1 out of 60
Stock RS rank: 329 out of 623
3/7/24 close: $9.71
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $10.66 or 9.7% above the close.
Change YTD: 9.22%
Volume: 761,900 shares. 3 month avg: 772,149 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 02/23/2024 to 03/04/2024
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.

Top

Workday, Inc (WDAY)
Industry: Computer Software and Svcs
Industry RS rank: 29 out of 60
Stock RS rank: 357 out of 623
3/7/24 close: $264.74
1 Month avg volatility: $6.91. Volatility stop (for downward breakout): $283.21 or 7.0% above the close.
Change YTD: -4.10%
Volume: 2,664,300 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 02/09/2024 to 02/26/2024
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.

Top

 

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
My Novels

Copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved.
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