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.
 
Accenture plc (ACN)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 350 out of 621
3/21/24 close: $345.03
1 Month avg volatility: $6.88. Volatility stop (for downward breakout): $382.79 or 10.9% above the close.
Change YTD: -1.68%
Volume: 9,565,100 shares. 3 month avg: 1,995,040 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 03/04/2024 to 03/07/2024
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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ACI Worldwide (ACIW)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 88 out of 621
3/21/24 close: $32.57
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $30.97 or 4.9% below the close.
Change YTD: 6.44%
Volume: 352,900 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: Triangle, symmetrical continuation pattern from 02/28/2024 to 03/19/2024
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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Amdocs Limited (DOX)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 373 out of 621
3/21/24 close: $92.77
1 Month avg volatility: $1.22. Volatility stop (for downward breakout): $95.41 or 2.9% above the close.
Change YTD: 5.55%
Volume: 763,000 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 03/08/2024 to 03/14/2024
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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American Woodmark Corp (AMWD)
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: 95 out of 621
3/21/24 close: $102.31
1 Month avg volatility: $3.13. Volatility stop (for upward breakout): $91.28 or 10.8% below the close.
Change YTD: 10.19%
Volume: 193,500 shares. 3 month avg: 141,992 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 03/05/2024 to 03/14/2024
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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AMN Healthcare (AMN)
Industry: Human Resources
Industry RS rank: 41 out of 60
Stock RS rank: 585 out of 621
3/21/24 close: $66.65
1 Month avg volatility: $2.47. Volatility stop (for upward breakout): $60.70 or 8.9% below the close.
Change YTD: -10.99%
Volume: 768,300 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: Ugly double bottom reversal pattern from 02/26/2024 to 03/15/2024
WARNING: A dead-cat bounce occurred on 02/16/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/17/2024 and a 38% chance by 08/16/2024.
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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APA Corp. (APA)
Industry: Petroleum (Producing)
Industry RS rank: 40 out of 60
Stock RS rank: 577 out of 621
3/21/24 close: $33.91
1 Month avg volatility: $0.81. Volatility stop (for upward breakout): $31.84 or 6.1% below the close.
Change YTD: -5.49%
Volume: 4,449,800 shares. 3 month avg: 7,966,826 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 02/05/2024 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.

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Booking Holdings (BKNG)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 21 out of 60
Stock RS rank: 244 out of 621
3/21/24 close: $3,647.81
1 Month avg volatility: $73.23. Volatility stop (for upward breakout): $3,440.19 or 5.7% below the close.
Change YTD: 2.84%
Volume: 303,800 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 Bottom, Eve and Eve reversal pattern from 03/06/2024 to 03/15/2024
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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Booz Allen Hamilton Holding Corp (BAH)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 118 out of 621
3/21/24 close: $148.25
1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $152.49 or 2.9% above the close.
Change YTD: 15.90%
Volume: 439,300 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, Adam and Eve reversal pattern from 02/26/2024 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.

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Build-A-Bear Workshop Inc (BBW)
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: 446 out of 621
3/21/24 close: $28.85
1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $26.92 or 6.7% below the close.
Change YTD: 25.49%
Volume: 159,400 shares. 3 month avg: 99,982 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 Friday.
 
Chart pattern: Flag continuation pattern from 03/15/2024 to 03/21/2024
Breakout is upward 54% of the time.
Average rise: 23%.
Break-even failure rate: 4%.
Throwbacks occur 43% of the time.
Price hits measure rule target 64% of the time.

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Ciena Corp (CIEN)
Industry: Telecom. Equipment
Industry RS rank: 14 out of 60
Stock RS rank: 394 out of 621
3/21/24 close: $50.69
1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $54.61 or 7.7% above the close.
Change YTD: 12.62%
Volume: 1,397,000 shares. 3 month avg: 3,226,991 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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Clorox Co, The (CLX)
Industry: Household Products
Industry RS rank: 44 out of 60
Stock RS rank: 361 out of 621
3/21/24 close: $147.66
1 Month avg volatility: $2.51. Volatility stop (for downward breakout): $155.01 or 5.0% above the close.
Change YTD: 3.56%
Volume: 2,056,600 shares. 3 month avg: 971,306 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 02/02/2024 to 03/13/2024
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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CNX Resources Corp (CNX)
Industry: Natural Gas (Diversified)
Industry RS rank: 50 out of 60
Stock RS rank: 417 out of 621
3/21/24 close: $22.60
1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $21.17 or 6.3% below the close.
Change YTD: 13.00%
Volume: 2,448,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Ugly double bottom reversal pattern from 02/14/2024 to 03/12/2024
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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Corning Inc. (GLW)
Industry: Telecom. Equipment
Industry RS rank: 14 out of 60
Stock RS rank: 403 out of 621
3/21/24 close: $33.13
1 Month avg volatility: $0.49. Volatility stop (for upward breakout): $31.83 or 3.9% below the close.
Change YTD: 8.80%
Volume: 5,390,700 shares. 3 month avg: 5,449,098 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: Triangle, symmetrical continuation pattern from 01/23/2024 to 03/21/2024
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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CoStar Group Inc (CSGP)
Industry: Information Services
Industry RS rank: 32 out of 60
Stock RS rank: 226 out of 621
3/21/24 close: $97.73
1 Month avg volatility: $2.69. Volatility stop (for upward breakout): $90.33 or 7.6% below the close.
Change YTD: 11.83%
Volume: 1,931,000 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 02/20/2024 to 03/07/2024
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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CTS Corp (CTS)
Industry: Electronics
Industry RS rank: 38 out of 60
Stock RS rank: 321 out of 621
3/21/24 close: $46.22
1 Month avg volatility: $0.92. Volatility stop (for downward breakout): $48.24 or 4.4% above the close.
Change YTD: 5.67%
Volume: 149,400 shares. 3 month avg: 73,662 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 Wednesday.
 
Chart pattern: Triangle, descending reversal pattern from 02/13/2024 to 03/20/2024
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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Distribution Solutions (DSGR)
Industry: Metal Fabricating
Industry RS rank: 43 out of 60
Stock RS rank: 52 out of 621
3/21/24 close: $35.67
1 Month avg volatility: $1.33. Volatility stop (for upward breakout): $32.05 or 10.1% below the close.
Change YTD: 13.02%
Volume: 82,700 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 bottom reversal pattern from 03/04/2024 to 03/11/2024
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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EPAM Systems Inc (EPAM)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 383 out of 621
3/21/24 close: $283.71
1 Month avg volatility: $5.83. Volatility stop (for downward breakout): $299.80 or 5.7% above the close.
Change YTD: -4.58%
Volume: 1,101,000 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 top reversal pattern from 02/16/2024 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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eXp World Holdings (EXPI)
Industry: E-Commerce
Industry RS rank: 12 out of 60
Stock RS rank: 613 out of 621
3/21/24 close: $9.71
1 Month avg volatility: $0.68. Volatility stop (for downward breakout): $11.28 or 16.2% above the close.
Change YTD: -37.44%
Volume: 1,233,500 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 Top, Adam and Adam reversal pattern from 02/29/2024 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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FactSet Research Systems Inc (FDS)
Industry: Information Services
Industry RS rank: 32 out of 60
Stock RS rank: 381 out of 621
3/21/24 close: $450.66
1 Month avg volatility: $7.76. Volatility stop (for downward breakout): $494.53 or 9.7% above the close.
Change YTD: -5.53%
Volume: 902,100 shares. 3 month avg: 411,949 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, Eve and Eve reversal pattern from 02/02/2024 to 03/20/2024
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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Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 34 out of 60
Stock RS rank: 196 out of 621
3/21/24 close: $413.71
1 Month avg volatility: $7.89. Volatility stop (for downward breakout): $429.81 or 3.9% above the close.
Change YTD: 7.24%
Volume: 4,590,800 shares. 3 month avg: 2,673,269 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: Roof, inverted reversal pattern from 02/22/2024 to 03/20/2024
Breakout is downward 50% of the time.
Average decline: 17%.
Break-even failure rate: 10%.
Pullbacks occur 56% of the time.
Price hits measure rule target 73% of the time.

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Huntsman Corporation (HUN)
Industry: Chemical (Specialty)
Industry RS rank: 13 out of 60
Stock RS rank: 427 out of 621
3/21/24 close: $25.58
1 Month avg volatility: $0.62. Volatility stop (for downward breakout): $27.16 or 6.2% above the close.
Change YTD: 1.79%
Volume: 3,282,100 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, Adam and Adam reversal pattern from 02/23/2024 to 03/07/2024
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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Incyte Corp. (INCY)
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: 510 out of 621
3/21/24 close: $57.72
1 Month avg volatility: $1.47. Volatility stop (for downward breakout): $61.96 or 7.4% above the close.
Change YTD: -8.07%
Volume: 1,535,600 shares. 3 month avg: 1,771,434 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 02/13/2024 to 03/11/2024
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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Insteel Industries Inc (IIIN)
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: 253 out of 621
3/21/24 close: $37.84
1 Month avg volatility: $0.88. Volatility stop (for upward breakout): $35.71 or 5.6% below the close.
Change YTD: -1.18%
Volume: 105,900 shares. 3 month avg: 163,711 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 03/05/2024 to 03/14/2024
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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Johnson and Johnson (JNJ)
Industry: Medical Supplies
Industry RS rank: 48 out of 60
Stock RS rank: 511 out of 621
3/21/24 close: $155.75
1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $160.89 or 3.3% above the close.
Change YTD: -0.63%
Volume: 5,890,400 shares. 3 month avg: 5,464,417 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triple top reversal pattern from 02/23/2024 to 03/12/2024
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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Kennametal (KMT)
Industry: Metal Fabricating
Industry RS rank: 43 out of 60
Stock RS rank: 488 out of 621
3/21/24 close: $24.41
1 Month avg volatility: $0.49. Volatility stop (for upward breakout): $23.35 or 4.3% below the close.
Change YTD: -5.35%
Volume: 594,200 shares. 3 month avg: 854,403 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 02/07/2024 to 03/19/2024
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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L3Harris Technologies (LHX)
Industry: Aerospace/Defense
Industry RS rank: 30 out of 60
Stock RS rank: 207 out of 621
3/21/24 close: $213.15
1 Month avg volatility: $3.15. Volatility stop (for downward breakout): $220.50 or 3.5% above the close.
Change YTD: 1.20%
Volume: 1,240,200 shares. 3 month avg: 1,243,274 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Diamond top reversal pattern from 02/20/2024 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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Mercury Systems, Inc (MRCY)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 36 out of 60
Stock RS rank: 599 out of 621
3/21/24 close: $28.67
1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $30.66 or 6.9% above the close.
Change YTD: -21.60%
Volume: 481,900 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, Adam and Eve reversal pattern from 02/14/2024 to 03/11/2024
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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Miller, Herman (MLKN)
Industry: Furn/Home Furnishings
Industry RS rank: 8 out of 60
Stock RS rank: 49 out of 621
3/21/24 close: $29.88
1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $32.26 or 8.0% above the close.
Change YTD: 11.99%
Volume: 757,900 shares. 3 month avg: 361,806 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: Roof, inverted reversal pattern from 02/27/2024 to 03/21/2024
Breakout is downward 50% of the time.
Average decline: 17%.
Break-even failure rate: 10%.
Pullbacks occur 56% of the time.
Price hits measure rule target 73% of the time.

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Mosaic Co (MOS)
Industry: Chemical (Diversified)
Industry RS rank: 58 out of 60
Stock RS rank: 565 out of 621
3/21/24 close: $32.04
1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $30.58 or 4.6% below the close.
Change YTD: -10.33%
Volume: 3,303,600 shares. 3 month avg: 3,876,172 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.
 
Chart pattern: Triangle, ascending reversal pattern from 02/22/2024 to 03/21/2024
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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Netgear Inc. (NTGR)
Industry: Telecom. Equipment
Industry RS rank: 14 out of 60
Stock RS rank: 189 out of 621
3/21/24 close: $15.50
1 Month avg volatility: $0.36. Volatility stop (for upward breakout): $14.67 or 5.4% below the close.
Change YTD: 6.31%
Volume: 194,700 shares. 3 month avg: 452,812 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 02/05/2024 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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Nordstrom Inc (JWN)
Industry: Retail Store
Industry RS rank: 11 out of 60
Stock RS rank: 92 out of 621
3/21/24 close: $20.05
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $17.75 or 11.5% below the close.
Change YTD: 8.67%
Volume: 4,181,400 shares. 3 month avg: 4,990,363 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 03/07/2024 to 03/18/2024
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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ON Semiconductor Corp (ON)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 4 out of 60
Stock RS rank: 578 out of 621
3/21/24 close: $75.78
1 Month avg volatility: $2.78. Volatility stop (for downward breakout): $82.97 or 9.5% above the close.
Change YTD: -9.28%
Volume: 5,927,400 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 02/12/2024 to 03/07/2024
WARNING: A dead-cat bounce occurred on 10/30/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/29/2024.
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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Open Text Corp (OTEX)
Industry: E-Commerce
Industry RS rank: 12 out of 60
Stock RS rank: 360 out of 621
3/21/24 close: $39.95
1 Month avg volatility: $0.82. Volatility stop (for upward breakout): $37.80 or 5.4% below the close.
Change YTD: -4.93%
Volume: 643,700 shares. 3 month avg: 520,157 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 02/21/2024 to 03/19/2024
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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Quaker Chemical (KWR)
Industry: Chemical (Specialty)
Industry RS rank: 13 out of 60
Stock RS rank: 174 out of 621
3/21/24 close: $203.56
1 Month avg volatility: $4.34. Volatility stop (for upward breakout): $194.73 or 4.3% below the close.
Change YTD: -4.62%
Volume: 81,900 shares. 3 month avg: 69,343 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 Monday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 02/13/2024 to 03/19/2024
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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Ralph Lauren Corp. (RL)
Industry: Apparel
Industry RS rank: 1 out of 60
Stock RS rank: 20 out of 621
3/21/24 close: $190.42
1 Month avg volatility: $3.90. Volatility stop (for upward breakout): $181.11 or 4.9% below the close.
Change YTD: 32.05%
Volume: 862,700 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 bottom reversal pattern from 03/04/2024 to 03/11/2024
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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Steelcase (SCS)
Industry: Furn/Home Furnishings
Industry RS rank: 8 out of 60
Stock RS rank: 260 out of 621
3/21/24 close: $12.30
1 Month avg volatility: $0.32. Volatility stop (for downward breakout): $12.96 or 5.4% above the close.
Change YTD: -9.02%
Volume: 2,886,800 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: Scallop, descending continuation pattern from 02/29/2024 to 03/20/2024
Breakout is downward 66% of the time.
Average decline: 17%.
Break-even failure rate: 15%.
Pullbacks occur 55% of the time.
Price hits measure rule target 30% of the time.

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U-Haul Holding Company (UHAL)
Industry: Trucking/Transp. Leasing
Industry RS rank: 23 out of 60
Stock RS rank: 271 out of 621
3/21/24 close: $67.49
1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $63.77 or 5.5% below the close.
Change YTD: -6.00%
Volume: 75,000 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 Wednesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 01/31/2024 to 03/20/2024
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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