As of 11/20/2024
  Indus: 43,408 +139.53 +0.3%  
  Trans: 17,002 -26.31 -0.2%  
  Utils: 1,055 +1.25 +0.1%  
  Nasdaq: 18,966 -21.33 -0.1%  
  S&P 500: 5,917 +0.13 +0.0%  
YTD
 +15.2%  
 +6.9%  
 +19.7%  
 +26.3%  
 +24.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,075 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/20/2024
  Indus: 43,408 +139.53 +0.3%  
  Trans: 17,002 -26.31 -0.2%  
  Utils: 1,055 +1.25 +0.1%  
  Nasdaq: 18,966 -21.33 -0.1%  
  S&P 500: 5,917 +0.13 +0.0%  
YTD
 +15.2%  
 +6.9%  
 +19.7%  
 +26.3%  
 +24.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,075 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

Patterns for the Weekend Details

Copyright © 2024 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

 

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Abercrombie and Fitch Co. (ANF)
Industry: Apparel
Industry RS rank: 4 out of 60
Stock RS rank: 6 out of 621
4/11/24 close: $116.47
1 Month avg volatility: $5.70. Volatility stop (for downward breakout): $128.65 or 10.5% above the close.
Change YTD: 32.02%
Volume: 1,051,100 shares. 3 month avg: 2,821,334 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: Horn top reversal pattern from 03/04/2024 to 03/18/2024
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.

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Alcoa (AA)
Industry: Aerospace/Defense
Industry RS rank: 30 out of 60
Stock RS rank: 133 out of 621
4/11/24 close: $36.23
1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $33.23 or 8.3% below the close.
Change YTD: 6.56%
Volume: 4,198,100 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: Flag continuation pattern from 04/04/2024 to 04/11/2024
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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Assurant Inc (AIZ)
Industry: Insurance (Diversified)
Industry RS rank: 52 out of 60
Stock RS rank: 245 out of 621
4/11/24 close: $173.62
1 Month avg volatility: $3.02. Volatility stop (for downward breakout): $183.02 or 5.4% above the close.
Change YTD: 3.04%
Volume: 237,100 shares. 3 month avg: 327,640 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: Pipe top reversal pattern from 03/25/2024 to 04/01/2024
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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Bristol-Myers Squibb Company (BMY)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 32 out of 60
Stock RS rank: 568 out of 621
4/11/24 close: $49.12
1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $52.51 or 6.9% above the close.
Change YTD: -4.27%
Volume: 11,738,400 shares. 3 month avg: 5,378,746 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, Eve and Adam reversal pattern from 03/13/2024 to 03/28/2024
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

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CF Industries Holdings, Inc. (CF)
Industry: Chemical (Basic)
Industry RS rank: 22 out of 60
Stock RS rank: 513 out of 621
4/11/24 close: $80.84
1 Month avg volatility: $2.06. Volatility stop (for downward breakout): $85.14 or 5.3% above the close.
Change YTD: 1.69%
Volume: 2,345,900 shares. 3 month avg: 3,754,700 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Double Top, Eve and Adam reversal pattern from 03/20/2024 to 04/04/2024
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

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Conns Inc (CONN)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 60
Stock RS rank: 235 out of 621
4/11/24 close: $4.03
1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $2.37 or 41.2% below the close.
Change YTD: -9.23%
Volume: 746,500 shares. 3 month avg: 567,568 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Triple bottom reversal pattern from 03/15/2024 to 04/11/2024
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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DJ 20 Transportation (^DJT)
Industry: None
Industry RS rank: 19 out of 60
4/11/24 close: $15,748.90
1 Month avg volatility: $201.31. Volatility stop (for downward breakout): $16,208.28 or 2.9% above the close.
Change YTD: -0.94%
Volume: 93,673,100 shares. 3 month avg: 110,442,523 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 top reversal pattern from 03/22/2024 to 04/04/2024
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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Dynamic Materials (BOOM)
Industry: Metal Fabricating
Industry RS rank: 49 out of 60
Stock RS rank: 580 out of 621
4/11/24 close: $18.08
1 Month avg volatility: $0.55. Volatility stop (for downward breakout): $19.67 or 8.8% above the close.
Change YTD: -3.93%
Volume: 92,600 shares. 3 month avg: 60,208 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triple top reversal pattern from 03/20/2024 to 04/04/2024
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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Fortive Corp (FTV)
Industry: Industrial Services
Industry RS rank: 16 out of 60
Stock RS rank: 381 out of 621
4/11/24 close: $83.49
1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $86.51 or 3.6% above the close.
Change YTD: 13.39%
Volume: 1,156,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple top reversal pattern from 02/28/2024 to 03/22/2024
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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Global Payments Inc (GPN)
Industry: Computer Software and Svcs
Industry RS rank: 39 out of 60
Stock RS rank: 382 out of 621
4/11/24 close: $124.54
1 Month avg volatility: $2.87. Volatility stop (for downward breakout): $131.04 or 5.2% above the close.
Change YTD: -1.94%
Volume: 1,592,400 shares. 3 month avg: 1,112,569 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 02/15/2024 to 03/13/2024
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.

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Globe Life Inc. (GL)
Industry: Insurance (Life)
Industry RS rank: 51 out of 60
Stock RS rank: 617 out of 621
4/11/24 close: $49.17
1 Month avg volatility: $5.24. Volatility stop (for downward breakout): $109.06 or 121.8% above the close.
Change YTD: -59.60%
Volume: 35,197,500 shares. 3 month avg: 643,200 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Dead-cat bounce continuation pattern from 04/11/2024 to 04/11/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 28 out of 60
Stock RS rank: 147 out of 621
4/11/24 close: $397.48
1 Month avg volatility: $7.45. Volatility stop (for downward breakout): $416.38 or 4.8% above the close.
Change YTD: 3.04%
Volume: 2,167,000 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: Double Top, Adam and Adam reversal pattern from 03/28/2024 to 04/04/2024
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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Illinois Tool Works Inc. (ITW)
Industry: Metal Fabricating
Industry RS rank: 49 out of 60
Stock RS rank: 369 out of 621
4/11/24 close: $257.68
1 Month avg volatility: $3.27. Volatility stop (for downward breakout): $267.30 or 3.7% above the close.
Change YTD: -1.63%
Volume: 1,095,000 shares. 3 month avg: 1,083,738 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 03/18/2024 to 03/28/2024
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: 8 out of 60
Stock RS rank: 471 out of 621
4/11/24 close: $34.57
1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $36.65 or 6.0% above the close.
Change YTD: -9.72%
Volume: 61,300 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 Top, Adam and Adam reversal pattern from 03/21/2024 to 04/01/2024
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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Kohls Corporation (KSS)
Industry: Retail Store
Industry RS rank: 9 out of 60
Stock RS rank: 169 out of 621
4/11/24 close: $23.68
1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $26.18 or 10.6% above the close.
Change YTD: -17.43%
Volume: 6,332,900 shares. 3 month avg: 5,587,366 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: Pipe top reversal pattern from 03/25/2024 to 04/01/2024
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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M/I Homes, Inc. (MHO)
Industry: Homebuilding
Industry RS rank: 3 out of 60
Stock RS rank: 65 out of 621
4/11/24 close: $118.32
1 Month avg volatility: $4.11. Volatility stop (for downward breakout): $127.37 or 7.7% above the close.
Change YTD: -14.10%
Volume: 270,400 shares. 3 month avg: 297,328 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 top reversal pattern from 03/25/2024 to 04/01/2024
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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Masco Corp. (MAS)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 8 out of 60
Stock RS rank: 90 out of 621
4/11/24 close: $73.48
1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $77.22 or 5.1% above the close.
Change YTD: 9.70%
Volume: 1,664,100 shares. 3 month avg: 2,351,771 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 03/21/2024 to 04/04/2024
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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Medtronic Inc (MDT)
Industry: Medical Supplies
Industry RS rank: 41 out of 60
Stock RS rank: 318 out of 621
4/11/24 close: $82.17
1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $85.42 or 4.0% above the close.
Change YTD: -0.25%
Volume: 5,218,700 shares. 3 month avg: 5,761,640 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 top reversal pattern from 03/25/2024 to 04/01/2024
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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Nabors Industries, Ltd. (NBR)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 59 out of 60
Stock RS rank: 603 out of 621
4/11/24 close: $81.38
1 Month avg volatility: $3.59. Volatility stop (for downward breakout): $91.50 or 12.4% above the close.
Change YTD: -0.31%
Volume: 245,700 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: Triple top reversal pattern from 03/15/2024 to 04/03/2024
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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Nu Skin Enterprises, Inc (NUS)
Industry: Toiletries/Cosmetics
Industry RS rank: 56 out of 60
Stock RS rank: 608 out of 621
4/11/24 close: $12.25
1 Month avg volatility: $0.47. Volatility stop (for downward breakout): $13.44 or 9.7% above the close.
Change YTD: -36.92%
Volume: 499,000 shares. 3 month avg: 417,486 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: Broadening top, right-angled and ascending reversal pattern from 02/29/2024 to 04/09/2024
WARNING: A dead-cat bounce occurred on 02/15/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/16/2024 and a 38% chance by 08/15/2024.
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 14 out of 60
Stock RS rank: 49 out of 621
4/11/24 close: $109.06
1 Month avg volatility: $2.98. Volatility stop (for downward breakout): $115.54 or 5.9% above the close.
Change YTD: 8.68%
Volume: 147,200 shares. 3 month avg: 94,083 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe top reversal pattern from 02/26/2024 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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Quaker Chemical (KWR)
Industry: Chemical (Specialty)
Industry RS rank: 13 out of 60
Stock RS rank: 137 out of 621
4/11/24 close: $196.58
1 Month avg volatility: $3.92. Volatility stop (for downward breakout): $204.94 or 4.3% above the close.
Change YTD: -7.89%
Volume: 33,500 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 Friday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Eve reversal pattern from 03/21/2024 to 03/28/2024
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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RLI Corp (RLI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 29 out of 60
Stock RS rank: 454 out of 621
4/11/24 close: $138.29
1 Month avg volatility: $2.02. Volatility stop (for downward breakout): $145.40 or 5.1% above the close.
Change YTD: 3.88%
Volume: 142,600 shares. 3 month avg: 149,782 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Triple top reversal pattern from 02/28/2024 to 03/28/2024
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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Rocky Brands Inc (RCKY)
Industry: Shoe
Industry RS rank: 1 out of 60
Stock RS rank: 2 out of 621
4/11/24 close: $26.97
1 Month avg volatility: $1.08. Volatility stop (for upward breakout): $24.34 or 9.8% below the close.
Change YTD: -10.64%
Volume: 13,000 shares. 3 month avg: 41,775 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: Broadening bottom reversal pattern from 03/01/2024 to 03/28/2024
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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Sealed Air Corp (SEE)
Industry: Packaging and Container
Industry RS rank: 35 out of 60
Stock RS rank: 379 out of 621
4/11/24 close: $33.52
1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $35.81 or 6.8% above the close.
Change YTD: -8.21%
Volume: 902,900 shares. 3 month avg: 2,419,223 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 02/26/2024 to 03/11/2024
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.

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Skechers USA Inc (SKX)
Industry: Shoe
Industry RS rank: 1 out of 60
Stock RS rank: 247 out of 621
4/11/24 close: $57.12
1 Month avg volatility: $1.15. Volatility stop (for downward breakout): $60.24 or 5.5% above the close.
Change YTD: -8.37%
Volume: 981,800 shares. 3 month avg: 3,234,920 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Eve and Adam reversal pattern from 03/01/2024 to 03/14/2024
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

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Spire (SR)
Industry: Natural Gas (Distributor)
Industry RS rank: 43 out of 60
Stock RS rank: 477 out of 621
4/11/24 close: $58.69
1 Month avg volatility: $0.92. Volatility stop (for downward breakout): $60.71 or 3.5% above the close.
Change YTD: -5.85%
Volume: 285,000 shares. 3 month avg: 172,872 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 03/05/2024 to 03/28/2024
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.

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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: 371 out of 621
4/11/24 close: $171.20
1 Month avg volatility: $3.32. Volatility stop (for upward breakout): $161.49 or 5.7% below the close.
Change YTD: 0.43%
Volume: 4,347,800 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: Triangle, symmetrical continuation pattern from 03/07/2024 to 04/11/2024
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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Tredegar Corp (TG)
Industry: Chemical (Specialty)
Industry RS rank: 13 out of 60
Stock RS rank: 186 out of 621
4/11/24 close: $6.43
1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $5.75 or 10.5% below the close.
Change YTD: 18.85%
Volume: 80,100 shares. 3 month avg: 64,734 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 Monday.
 
Chart pattern: Pennant continuation pattern from 04/01/2024 to 04/11/2024
Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

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Wolfspeed (WOLF)
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: 578 out of 621
4/11/24 close: $27.86
1 Month avg volatility: $1.48. Volatility stop (for upward breakout): $23.55 or 15.5% below the close.
Change YTD: -35.97%
Volume: 2,936,600 shares. 3 month avg: 2,005,123 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 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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iShares Expanded Tech-software Sector (IGV)
Industry: Computer Software and Svcs
Industry RS rank: 39 out of 60
Stock RS rank: 239 out of 621
4/11/24 close: $84.14
1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $86.76 or 3.1% above the close.
Change YTD: 3.71%
Volume: 2,923,200 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, descending reversal pattern from 03/15/2024 to 04/11/2024
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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