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.
 
3M Company (MMM)
Industry: Diversified Co.
Industry RS rank: 31 out of 60
Stock RS rank: 420 out of 623
3/14/24 close: $103.12
1 Month avg volatility: $1.64. Volatility stop (for upward breakout): $98.96 or 4.0% below the close.
Change YTD: -5.67%
Volume: 6,910,200 shares. 3 month avg: 3,021,471 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 02/20/2024 to 03/04/2024
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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Adobe Systems (ADBE)
Industry: Computer Software and Svcs
Industry RS rank: 28 out of 60
Stock RS rank: 403 out of 623
3/14/24 close: $570.45
1 Month avg volatility: $15.58. Volatility stop (for upward breakout): $537.59 or 5.8% below the close.
Change YTD: -4.38%
Volume: 4,239,300 shares. 3 month avg: 3,137,863 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 Eve reversal pattern from 02/20/2024 to 03/06/2024
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.

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Alaska Air Group, Inc (ALK)
Industry: Air Transport
Industry RS rank: 49 out of 60
Stock RS rank: 478 out of 623
3/14/24 close: $38.16
1 Month avg volatility: $1.05. Volatility stop (for upward breakout): $35.89 or 6.0% below the close.
Change YTD: -2.33%
Volume: 2,125,000 shares. 3 month avg: 1,966,126 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: Double Bottom, Adam and Adam reversal pattern from 03/04/2024 to 03/11/2024
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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Azenta Inc (AZTA)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 7 out of 60
Stock RS rank: 233 out of 623
3/14/24 close: $59.26
1 Month avg volatility: $1.79. Volatility stop (for downward breakout): $67.89 or 14.6% above the close.
Change YTD: -9.03%
Volume: 790,200 shares. 3 month avg: 448,778 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 03/04/2024 to 03/08/2024
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.

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Beacon Roofing Supply Inc. (BECN)
Industry: Retail Building Supply
Industry RS rank: 13 out of 60
Stock RS rank: 286 out of 623
3/14/24 close: $86.53
1 Month avg volatility: $2.10. Volatility stop (for downward breakout): $91.52 or 5.8% above the close.
Change YTD: -0.56%
Volume: 528,500 shares. 3 month avg: 811,195 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: Diamond top reversal pattern from 02/14/2024 to 03/14/2024
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Berry Global Group Inc (BERY)
Industry: Packaging and Container
Industry RS rank: 33 out of 60
Stock RS rank: 513 out of 623
3/14/24 close: $59.96
1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $57.30 or 4.4% below the close.
Change YTD: -11.03%
Volume: 1,056,100 shares. 3 month avg: 894,866 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 02/07/2024 to 02/28/2024
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Big Lots Inc. (BIG)
Industry: Retail Store
Industry RS rank: 10 out of 60
Stock RS rank: 605 out of 623
3/14/24 close: $3.75
1 Month avg volatility: $0.50. Volatility stop (for downward breakout): $5.00 or 33.5% above the close.
Change YTD: -51.86%
Volume: 1,398,000 shares. 3 month avg: 984,457 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe top reversal pattern from 02/26/2024 to 03/04/2024
WARNING: A dead-cat bounce occurred on 02/12/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/13/2024 and a 38% chance by 08/12/2024.
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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Black Hills Corp (BKH)
Industry: Electric Utility (West)
Industry RS rank: 57 out of 60
Stock RS rank: 509 out of 623
3/14/24 close: $52.36
1 Month avg volatility: $1.01. Volatility stop (for upward breakout): $49.53 or 5.4% below the close.
Change YTD: -2.95%
Volume: 895,200 shares. 3 month avg: 512,838 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 01/19/2024 to 02/07/2024
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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Centerpoint Energy (CNP)
Industry: Electric Utility (Central)
Industry RS rank: 52 out of 60
Stock RS rank: 481 out of 623
3/14/24 close: $27.89
1 Month avg volatility: $0.47. Volatility stop (for upward breakout): $26.69 or 4.3% below the close.
Change YTD: -2.38%
Volume: 6,001,400 shares. 3 month avg: 2,845,400 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 01/24/2024 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.

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Cisco Systems, Inc. (CSCO)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 39 out of 60
Stock RS rank: 549 out of 623
3/14/24 close: $49.79
1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $48.24 or 3.1% below the close.
Change YTD: -1.44%
Volume: 16,391,300 shares. 3 month avg: 19,682,477 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Bottom, Eve and Adam reversal pattern from 02/20/2024 to 03/01/2024
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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Cleveland-Cliffs Inc (CLF)
Industry: Metals and Mining (Div.)
Industry RS rank: 34 out of 60
Stock RS rank: 61 out of 623
3/14/24 close: $19.66
1 Month avg volatility: $0.58. Volatility stop (for downward breakout): $21.50 or 9.3% above the close.
Change YTD: -3.72%
Volume: 15,906,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 03/01/2024 to 03/13/2024
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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CNX Resources Corp (CNX)
Industry: Natural Gas (Diversified)
Industry RS rank: 55 out of 60
Stock RS rank: 499 out of 623
3/14/24 close: $21.56
1 Month avg volatility: $0.51. Volatility stop (for upward breakout): $20.38 or 5.5% below the close.
Change YTD: 7.80%
Volume: 2,043,400 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 Eve reversal pattern from 01/18/2024 to 02/14/2024
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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Comtech Telecommunications Corp (CMTL)
Industry: Telecom. Equipment
Industry RS rank: 15 out of 60
Stock RS rank: 618 out of 623
3/14/24 close: $4.55
1 Month avg volatility: $0.39. Volatility stop (for downward breakout): $5.43 or 19.4% above the close.
Change YTD: -46.03%
Volume: 997,300 shares. 3 month avg: 255,535 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 03/13/2024 to 03/13/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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CSG Systems International Inc (CSGS)
Industry: IT Services
Industry RS rank: 14 out of 60
Stock RS rank: 489 out of 623
3/14/24 close: $50.91
1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $54.77 or 7.6% above the close.
Change YTD: -4.32%
Volume: 238,700 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: Double Top, Adam and Eve reversal pattern from 02/12/2024 to 02/28/2024
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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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank: 20 out of 60
3/14/24 close: $851.27
1 Month avg volatility: $12.33. Volatility stop (for upward breakout): $820.94 or 3.6% below the close.
Change YTD: -3.45%
Volume: 84,527,900 shares. 3 month avg: 65,426,720 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 02/13/2024 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.

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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 20 out of 60
3/14/24 close: $15,607.71
1 Month avg volatility: $177.36. Volatility stop (for upward breakout): $15,135.42 or 3.0% below the close.
Change YTD: -1.83%
Volume: 95,733,700 shares. 3 month avg: 110,967,557 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 02/20/2024 to 03/11/2024
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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Equifax Inc (EFX)
Industry: Information Services
Industry RS rank: 32 out of 60
Stock RS rank: 106 out of 623
3/14/24 close: $256.71
1 Month avg volatility: $6.05. Volatility stop (for downward breakout): $273.61 or 6.6% above the close.
Change YTD: 3.81%
Volume: 682,300 shares. 3 month avg: 3,458,600 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 02/29/2024 to 03/08/2024
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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Fair Isaac Corp (FICO)
Industry: IT Services
Industry RS rank: 14 out of 60
Stock RS rank: 85 out of 623
3/14/24 close: $1,202.00
1 Month avg volatility: $34.29. Volatility stop (for downward breakout): $1,327.34 or 10.4% above the close.
Change YTD: 3.26%
Volume: 364,200 shares. 3 month avg: 162,437 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, Eve and Eve reversal pattern from 02/09/2024 to 03/08/2024
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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FARO Technologies Inc (FARO)
Industry: Precision Instrument
Industry RS rank: 27 out of 60
Stock RS rank: 99 out of 623
3/14/24 close: $20.20
1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $22.23 or 10.1% above the close.
Change YTD: -10.34%
Volume: 306,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Triple top reversal pattern from 01/30/2024 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.

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Flowserve Corp (FLS)
Industry: Machinery
Industry RS rank: 23 out of 60
Stock RS rank: 253 out of 623
3/14/24 close: $44.15
1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $42.17 or 4.5% below the close.
Change YTD: 7.11%
Volume: 955,700 shares. 3 month avg: 1,457,883 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: Triangle, symmetrical continuation pattern from 02/16/2024 to 03/05/2024
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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GameStop Corp (GME)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 60
Stock RS rank: 576 out of 623
3/14/24 close: $14.63
1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $13.12 or 10.3% below the close.
Change YTD: -16.54%
Volume: 2,525,300 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: Broadening top, right-angled and descending continuation pattern from 01/17/2024 to 02/26/2024
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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Hub Group Inc. (HUBG)
Industry: Trucking/Transp. Leasing
Industry RS rank: 21 out of 60
Stock RS rank: 413 out of 623
3/14/24 close: $41.33
1 Month avg volatility: $0.95. Volatility stop (for downward breakout): $44.21 or 7.0% above the close.
Change YTD: -10.09%
Volume: 483,000 shares. 3 month avg: 343,494 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 12/26/2023 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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Hurco Companies Inc. (HURC)
Industry: Machinery
Industry RS rank: 23 out of 60
Stock RS rank: 437 out of 623
3/14/24 close: $20.98
1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $23.18 or 10.5% above the close.
Change YTD: -2.55%
Volume: 41,900 shares. 3 month avg: 26,271 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 03/08/2024 to 03/08/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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IDACORP Inc (IDA)
Industry: Electric Utility (West)
Industry RS rank: 57 out of 60
Stock RS rank: 523 out of 623
3/14/24 close: $89.92
1 Month avg volatility: $1.50. Volatility stop (for upward breakout): $86.13 or 4.2% below the close.
Change YTD: -8.54%
Volume: 500,000 shares. 3 month avg: 199,551 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, Adam and Adam reversal pattern from 02/14/2024 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.

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IDEXX Laboratories, Inc (IDXX)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 29 out of 60
Stock RS rank: 229 out of 623
3/14/24 close: $535.58
1 Month avg volatility: $11.68. Volatility stop (for downward breakout): $565.79 or 5.6% above the close.
Change YTD: -3.51%
Volume: 329,800 shares. 3 month avg: 512,494 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 02/06/2024 to 03/01/2024
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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Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 30 out of 60
Stock RS rank: 348 out of 623
3/14/24 close: $32.66
1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $30.27 or 7.3% below the close.
Change YTD: 0.06%
Volume: 13,153,700 shares. 3 month avg: 6,516,800 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 02/09/2024 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.

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Kforce Inc (KFRC)
Industry: Human Resources
Industry RS rank: 44 out of 60
Stock RS rank: 179 out of 623
3/14/24 close: $68.20
1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $72.94 or 7.0% above the close.
Change YTD: 0.95%
Volume: 100,800 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 03/04/2024 to 03/08/2024
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.

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Kimberly-Clark Corp (KMB)
Industry: Household Products
Industry RS rank: 42 out of 60
Stock RS rank: 447 out of 623
3/14/24 close: $124.81
1 Month avg volatility: $1.60. Volatility stop (for upward breakout): $121.26 or 2.8% below the close.
Change YTD: 2.72%
Volume: 2,542,200 shares. 3 month avg: 1,751,606 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: Broadening bottom reversal pattern from 12/13/2023 to 03/13/2024
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.

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Macys, Inc (M)
Industry: Retail Store
Industry RS rank: 10 out of 60
Stock RS rank: 6 out of 623
3/14/24 close: $21.50
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $19.68 or 8.5% below the close.
Change YTD: 6.86%
Volume: 9,794,600 shares. 3 month avg: 12,458,365 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: Double Bottom, Adam and Adam reversal pattern from 01/19/2024 to 02/29/2024
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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Marathon Oil (MRO)
Industry: Petroleum (Integrated)
Industry RS rank: 51 out of 60
Stock RS rank: 461 out of 623
3/14/24 close: $26.26
1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $24.92 or 5.1% below the close.
Change YTD: 8.69%
Volume: 10,920,900 shares. 3 month avg: 10,621,542 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 01/18/2024 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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Mueller Industries Inc. (MLI)
Industry: Metal Fabricating
Industry RS rank: 45 out of 60
Stock RS rank: 52 out of 623
3/14/24 close: $51.45
1 Month avg volatility: $1.07. Volatility stop (for downward breakout): $53.83 or 4.6% above the close.
Change YTD: 9.12%
Volume: 481,100 shares. 3 month avg: 161,678 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: Diamond top reversal pattern from 02/27/2024 to 03/13/2024
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Nabors Industries, Ltd. (NBR)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 607 out of 623
3/14/24 close: $88.55
1 Month avg volatility: $3.62. Volatility stop (for upward breakout): $77.21 or 12.8% below the close.
Change YTD: 8.48%
Volume: 245,100 shares. 3 month avg: 10,861,705 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, 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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Nasdaq Composite (^IXIC)
Industry: None
Industry RS rank: 20 out of 60
3/14/24 close: $16,128.53
1 Month avg volatility: $175.23. Volatility stop (for downward breakout): $16,595.78 or 2.9% above the close.
Change YTD: 7.44%
Volume: 0 shares. Could not calculate the 3 month avg volume.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Diamond top reversal pattern from 02/23/2024 to 03/14/2024
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Northrop Grumman Corp (NOC)
Industry: Aerospace/Defense
Industry RS rank: 25 out of 60
Stock RS rank: 328 out of 623
3/14/24 close: $460.86
1 Month avg volatility: $6.26. Volatility stop (for downward breakout): $473.92 or 2.8% above the close.
Change YTD: -1.56%
Volume: 669,600 shares. 3 month avg: 756,831 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: Triangle, descending reversal pattern from 02/26/2024 to 03/14/2024
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.

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Olin Corp. (OLN)
Industry: Chemical (Basic)
Industry RS rank: 22 out of 60
Stock RS rank: 251 out of 623
3/14/24 close: $57.63
1 Month avg volatility: $1.33. Volatility stop (for upward breakout): $54.50 or 5.4% below the close.
Change YTD: 6.82%
Volume: 792,300 shares. 3 month avg: 1,697,154 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Triple bottom reversal pattern from 02/05/2024 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.

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Omnicom Group (OMC)
Industry: Advertising
Industry RS rank: 30 out of 60
Stock RS rank: 201 out of 623
3/14/24 close: $92.63
1 Month avg volatility: $1.58. Volatility stop (for upward breakout): $88.69 or 4.3% below the close.
Change YTD: 7.07%
Volume: 3,066,400 shares. 3 month avg: 2,548,395 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 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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Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 595 out of 623
3/14/24 close: $11.51
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $12.52 or 8.8% above the close.
Change YTD: 6.57%
Volume: 9,090,200 shares. 3 month avg: 3,925,269 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 Top, Eve and Eve reversal pattern from 02/16/2024 to 03/08/2024
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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Portland General Electric Co. (POR)
Industry: Electric Utility (West)
Industry RS rank: 57 out of 60
Stock RS rank: 520 out of 623
3/14/24 close: $40.75
1 Month avg volatility: $0.79. Volatility stop (for upward breakout): $38.67 or 5.1% below the close.
Change YTD: -5.98%
Volume: 1,148,500 shares. 3 month avg: 771,474 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 01/24/2024 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.

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Prudential Financial Inc (PRU)
Industry: Insurance (Life)
Industry RS rank: 19 out of 60
Stock RS rank: 242 out of 623
3/14/24 close: $111.74
1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $107.52 or 3.8% below the close.
Change YTD: 7.74%
Volume: 1,842,300 shares. 3 month avg: 1,688,191 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: Triangle, symmetrical continuation pattern from 02/15/2024 to 03/01/2024
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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Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 15 out of 60
Stock RS rank: 30 out of 623
3/14/24 close: $168.45
1 Month avg volatility: $3.58. Volatility stop (for upward breakout): $159.55 or 5.3% below the close.
Change YTD: 16.47%
Volume: 7,571,100 shares. 3 month avg: 12,234,022 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: 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.

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Roper Technologies, Inc (ROP)
Industry: Industrial Services
Industry RS rank: 16 out of 60
Stock RS rank: 302 out of 623
3/14/24 close: $547.08
1 Month avg volatility: $7.56. Volatility stop (for upward breakout): $528.76 or 3.4% below the close.
Change YTD: 0.35%
Volume: 362,800 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, symmetrical continuation pattern from 01/30/2024 to 03/14/2024
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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Schlumberger Limited (SLB)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 555 out of 623
3/14/24 close: $53.23
1 Month avg volatility: $0.85. Volatility stop (for upward breakout): $51.10 or 4.0% below the close.
Change YTD: 2.29%
Volume: 9,265,500 shares. 3 month avg: 8,320,412 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 01/30/2024 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.

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Sempra Energy (SRE)
Industry: Electric Utility (West)
Industry RS rank: 57 out of 60
Stock RS rank: 477 out of 623
3/14/24 close: $70.22
1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $67.12 or 4.4% below the close.
Change YTD: -6.04%
Volume: 2,989,200 shares. 3 month avg: 1,356,452 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 01/24/2024 to 03/04/2024
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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Sitio Royalties Corp (STR)
Industry: Natural Gas (Diversified)
Industry RS rank: 55 out of 60
Stock RS rank: 554 out of 623
3/14/24 close: $23.30
1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $22.14 or 5.0% below the close.
Change YTD: -0.89%
Volume: 691,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Ugly double bottom reversal pattern from 02/05/2024 to 02/23/2024
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Southwest Airlines Company (LUV)
Industry: Air Transport
Industry RS rank: 49 out of 60
Stock RS rank: 476 out of 623
3/14/24 close: $28.11
1 Month avg volatility: $0.87. Volatility stop (for downward breakout): $29.98 or 6.7% above the close.
Change YTD: -2.67%
Volume: 10,365,500 shares. 3 month avg: 8,472,914 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triple top reversal pattern from 02/22/2024 to 03/08/2024
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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Tempur-pedic Intl (TPX)
Industry: Furn/Home Furnishings
Industry RS rank: 4 out of 60
Stock RS rank: 173 out of 623
3/14/24 close: $54.47
1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $57.86 or 6.2% above the close.
Change YTD: 6.87%
Volume: 1,680,300 shares. 3 month avg: 985,960 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: Broadening top reversal pattern from 02/29/2024 to 03/13/2024
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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Transocean Inc. (RIG)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 60 out of 60
Stock RS rank: 602 out of 623
3/14/24 close: $5.66
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $5.16 or 8.9% below the close.
Change YTD: -10.87%
Volume: 21,164,800 shares. 3 month avg: 22,785,002 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe bottom reversal pattern from 02/20/2024 to 02/26/2024
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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Trex Company (TREX)
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: 42 out of 623
3/14/24 close: $94.84
1 Month avg volatility: $2.68. Volatility stop (for downward breakout): $102.18 or 7.7% above the close.
Change YTD: 14.55%
Volume: 565,900 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: Diamond top reversal pattern from 03/04/2024 to 03/14/2024
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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Veeco Instruments Inc (VECO)
Industry: Precision Instrument
Industry RS rank: 27 out of 60
Stock RS rank: 178 out of 623
3/14/24 close: $33.96
1 Month avg volatility: $1.12. Volatility stop (for downward breakout): $36.78 or 8.3% above the close.
Change YTD: 9.44%
Volume: 365,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Pipe top reversal pattern from 02/26/2024 to 03/04/2024
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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Wheaton Precious Metals Corp (WPM)
Industry: Metals and Mining (Div.)
Industry RS rank: 34 out of 60
Stock RS rank: 359 out of 623
3/14/24 close: $45.02
1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $42.53 or 5.5% below the close.
Change YTD: -8.76%
Volume: 1,714,200 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 bottom reversal pattern from 02/20/2024 to 02/26/2024
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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