As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  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 arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  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 arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

Patterns for the Weekend Details

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

 

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

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Alkermes (ALKS)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 60
Stock RS rank: 431 out of 617
7/25/24 close: $28.04
1 Month avg volatility: $0.74. Volatility stop (for upward breakout): $25.20 or 10.1% below the close.
Change YTD: 1.08%
Volume: 2,940,300 shares. 3 month avg: 949,792 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 bottom reversal pattern from 07/08/2024 to 07/15/2024
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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American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 6 out of 60
Stock RS rank: 346 out of 617
7/25/24 close: $21.21
1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $19.03 or 10.3% below the close.
Change YTD: 0.24%
Volume: 4,036,400 shares. 3 month avg: 4,309,748 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Head-and-shoulders bottom reversal pattern from 06/20/2024 to 07/19/2024
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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Apogee Enterprises (APOG)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 88 out of 617
7/25/24 close: $66.05
1 Month avg volatility: $1.96. Volatility stop (for upward breakout): $59.73 or 9.6% below the close.
Change YTD: 23.67%
Volume: 136,800 shares. 3 month avg: 243,183 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 06/25/2024 to 07/09/2024
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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Arista Networks Inc (ANET)
Industry: E-Commerce
Industry RS rank: 49 out of 60
Stock RS rank: 128 out of 617
7/25/24 close: $314.12
1 Month avg volatility: $10.29. Volatility stop (for downward breakout): $347.59 or 10.7% above the close.
Change YTD: 33.38%
Volume: 4,407,700 shares. 3 month avg: 2,258,017 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 06/20/2024 to 07/23/2024
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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Autodesk Inc (ADSK)
Industry: Computer Software and Svcs
Industry RS rank: 57 out of 60
Stock RS rank: 472 out of 617
7/25/24 close: $242.23
1 Month avg volatility: $4.63. Volatility stop (for downward breakout): $254.91 or 5.2% above the close.
Change YTD: -0.51%
Volume: 1,679,000 shares. 3 month avg: 2,150,943 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Broadening top reversal pattern from 07/01/2024 to 07/24/2024
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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Azenta Inc (AZTA)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 31 out of 60
Stock RS rank: 519 out of 617
7/25/24 close: $59.12
1 Month avg volatility: $1.89. Volatility stop (for upward breakout): $52.30 or 11.5% below the close.
Change YTD: -9.24%
Volume: 503,700 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 Bottom, Eve and Adam reversal pattern from 07/02/2024 to 07/10/2024
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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Ball Corp (BALL)
Industry: Packaging and Container
Industry RS rank: 39 out of 60
Stock RS rank: 244 out of 617
7/25/24 close: $62.05
1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $59.51 or 4.1% below the close.
Change YTD: 7.88%
Volume: 1,009,900 shares. 3 month avg: 2,433,769 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Double Bottom, Adam and Eve reversal pattern from 06/20/2024 to 07/09/2024
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Boot Barn Holdings Inc (BOOT)
Industry: Shoe
Industry RS rank: 15 out of 60
Stock RS rank: 6 out of 617
7/25/24 close: $122.19
1 Month avg volatility: $4.32. Volatility stop (for downward breakout): $132.46 or 8.4% above the close.
Change YTD: 59.18%
Volume: 547,200 shares. 3 month avg: 434,749 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 Top, Eve and Adam reversal pattern from 06/20/2024 to 07/16/2024
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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Caleres (CAL)
Industry: Shoe
Industry RS rank: 15 out of 60
Stock RS rank: 125 out of 617
7/25/24 close: $36.67
1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $33.73 or 8.0% below the close.
Change YTD: 19.33%
Volume: 664,600 shares. 3 month avg: 329,342 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 06/10/2024 to 07/05/2024
Breakout is upward 100% of the time.
Average rise: 40%.
Break-even failure rate: 4%.
Throwbacks occur 55% of the time.
Price hits measure rule target 67% of the time.

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Century Aluminum Co. (CENX)
Industry: Metals and Mining (Div.)
Industry RS rank: 11 out of 60
Stock RS rank: 31 out of 617
7/25/24 close: $15.16
1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $17.92 or 18.2% above the close.
Change YTD: 24.88%
Volume: 1,173,800 shares. 3 month avg: 2,285,742 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Top, Adam and Adam reversal pattern from 07/03/2024 to 07/17/2024
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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Costco Wholesale Corp (COST)
Industry: Retail Store
Industry RS rank: 21 out of 60
Stock RS rank: 141 out of 617
7/25/24 close: $815.95
1 Month avg volatility: $15.10. Volatility stop (for downward breakout): $866.85 or 6.2% above the close.
Change YTD: 23.61%
Volume: 2,103,000 shares. 3 month avg: 3,225,345 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 07/01/2024 to 07/08/2024
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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CSG Systems International Inc (CSGS)
Industry: IT Services
Industry RS rank: 32 out of 60
Stock RS rank: 543 out of 617
7/25/24 close: $45.64
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $43.13 or 5.5% below the close.
Change YTD: -14.23%
Volume: 263,600 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 Monday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 05/30/2024 to 07/10/2024
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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Cummins Inc. (CMI)
Industry: Machinery
Industry RS rank: 14 out of 60
Stock RS rank: 122 out of 617
7/25/24 close: $283.17
1 Month avg volatility: $6.65. Volatility stop (for upward breakout): $268.13 or 5.3% below the close.
Change YTD: 18.20%
Volume: 580,900 shares. 3 month avg: 1,327,631 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 Eve reversal pattern from 06/14/2024 to 07/05/2024
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Dilliards Inc (DDS)
Industry: Retail Store
Industry RS rank: 21 out of 60
Stock RS rank: 370 out of 617
7/25/24 close: $409.68
1 Month avg volatility: $13.15. Volatility stop (for downward breakout): $437.59 or 6.8% above the close.
Change YTD: 1.49%
Volume: 129,100 shares. 3 month avg: 658,302 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 04/01/2024 to 07/12/2024
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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Emcore Group Inc (EME)
Industry: Industrial Services
Industry RS rank: 7 out of 60
Stock RS rank: 9 out of 617
7/25/24 close: $346.60
1 Month avg volatility: $13.23. Volatility stop (for downward breakout): $423.30 or 22.1% above the close.
Change YTD: 60.89%
Volume: 1,402,200 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, Adam and Adam reversal pattern from 07/16/2024 to 07/25/2024
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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Expeditors International of Washington (EXPD)
Industry: Air Transport
Industry RS rank: 50 out of 60
Stock RS rank: 456 out of 617
7/25/24 close: $124.85
1 Month avg volatility: $2.73. Volatility stop (for upward breakout): $118.41 or 5.2% below the close.
Change YTD: -1.85%
Volume: 1,070,600 shares. 3 month avg: 1,055,643 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 07/09/2024 to 07/15/2024
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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Hanesbrand Inc. (HBI)
Industry: Apparel
Industry RS rank: 6 out of 60
Stock RS rank: 40 out of 617
7/25/24 close: $5.67
1 Month avg volatility: $0.23. Volatility stop (for upward breakout): $4.87 or 14.1% below the close.
Change YTD: 27.13%
Volume: 13,913,100 shares. 3 month avg: 6,164,918 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 Eve reversal pattern from 06/20/2024 to 07/10/2024
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 1 out of 60
Stock RS rank: 30 out of 617
7/25/24 close: $204.09
1 Month avg volatility: $8.70. Volatility stop (for upward breakout): $172.69 or 15.4% below the close.
Change YTD: 31.15%
Volume: 95,400 shares. 3 month avg: 1,539,280 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Double Bottom, Eve and Eve reversal pattern from 05/29/2024 to 07/01/2024
Breakout is upward 100% of the time.
Average rise: 40%.
Break-even failure rate: 4%.
Throwbacks occur 55% of the time.
Price hits measure rule target 67% of the time.

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Howmet Aerospace Inc (HWM)
Industry: Aerospace/Defense
Industry RS rank: 22 out of 60
Stock RS rank: 13 out of 617
7/25/24 close: $82.34
1 Month avg volatility: $1.88. Volatility stop (for upward breakout): $75.87 or 7.9% below the close.
Change YTD: 52.14%
Volume: 4,509,900 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 06/28/2024 to 07/18/2024
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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Intel Corporation (INTC)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 43 out of 60
Stock RS rank: 605 out of 617
7/25/24 close: $31.10
1 Month avg volatility: $1.03. Volatility stop (for downward breakout): $34.05 or 9.5% above the close.
Change YTD: -38.11%
Volume: 49,444,700 shares. 3 month avg: 27,019,903 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.
 
Chart pattern: Pipe top reversal pattern from 07/08/2024 to 07/15/2024
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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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 31 out of 60
Stock RS rank: 563 out of 617
7/25/24 close: $45.76
1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $49.59 or 8.4% above the close.
Change YTD: -16.37%
Volume: 767,800 shares. 3 month avg: 518,337 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe top reversal pattern from 07/08/2024 to 07/15/2024
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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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 46 out of 60
Stock RS rank: 309 out of 617
7/25/24 close: $10.40
1 Month avg volatility: $0.42. Volatility stop (for upward breakout): $9.47 or 8.9% below the close.
Change YTD: 6.34%
Volume: 140,100 shares. 3 month avg: 303,508 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 07/01/2024 to 07/08/2024
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: 21 out of 60
Stock RS rank: 235 out of 617
7/25/24 close: $21.09
1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $22.88 or 8.5% above the close.
Change YTD: 14.31%
Volume: 2,536,900 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: Pipe top reversal pattern from 07/08/2024 to 07/15/2024
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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Portland General Electric Co. (POR)
Industry: Electric Utility (West)
Industry RS rank: 16 out of 60
Stock RS rank: 124 out of 617
7/25/24 close: $47.87
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $46.31 or 3.3% below the close.
Change YTD: 10.45%
Volume: 1,189,200 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 06/14/2024 to 07/05/2024
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

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Range Resources Corp (RRC)
Industry: Petroleum (Producing)
Industry RS rank: 8 out of 60
Stock RS rank: 339 out of 617
7/25/24 close: $31.58
1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $33.75 or 6.9% above the close.
Change YTD: 3.75%
Volume: 2,663,600 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 06/24/2024 to 07/15/2024
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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Rollins Inc (ROL)
Industry: Industrial Services
Industry RS rank: 7 out of 60
Stock RS rank: 307 out of 617
7/25/24 close: $46.73
1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $51.08 or 9.3% above the close.
Change YTD: 7.01%
Volume: 3,332,400 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 07/08/2024 to 07/23/2024
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

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Ross Stores (ROST)
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: 403 out of 617
7/25/24 close: $141.11
1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $147.37 or 4.4% above the close.
Change YTD: 1.97%
Volume: 1,745,800 shares. 3 month avg: 2,750,108 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, Eve and Adam reversal pattern from 06/17/2024 to 07/12/2024
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

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RPC Inc (RES)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 46 out of 60
Stock RS rank: 420 out of 617
7/25/24 close: $6.93
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $5.67 or 18.1% below the close.
Change YTD: -4.81%
Volume: 7,358,400 shares. 3 month avg: 1,275,503 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 Eve reversal pattern from 07/10/2024 to 07/24/2024
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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ServiceNow Inc (NOW)
Industry: IT Services
Industry RS rank: 32 out of 60
Stock RS rank: 291 out of 617
7/25/24 close: $828.79
1 Month avg volatility: $19.24. Volatility stop (for upward breakout): $744.56 or 10.2% below the close.
Change YTD: 17.31%
Volume: 6,510,000 shares. 3 month avg: 1,411,754 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triple bottom reversal pattern from 07/10/2024 to 07/24/2024
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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Shopify Inc Cl A (SHOP)
Industry: E-Commerce
Industry RS rank: 49 out of 60
Stock RS rank: 594 out of 617
7/25/24 close: $59.44
1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $65.00 or 9.4% above the close.
Change YTD: -23.70%
Volume: 6,841,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Triple top reversal pattern from 06/14/2024 to 07/16/2024
WARNING: A dead-cat bounce occurred on 05/08/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/07/2024 and a 38% chance by 11/06/2024.
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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Teradyne Inc. (TER)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 31 out of 60
Stock RS rank: 218 out of 617
7/25/24 close: $124.34
1 Month avg volatility: $4.77. Volatility stop (for downward breakout): $139.52 or 12.2% above the close.
Change YTD: 14.57%
Volume: 6,537,300 shares. 3 month avg: 2,362,042 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: Pipe top reversal pattern from 07/08/2024 to 07/15/2024
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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The Trade Desk (TTD)
Industry: Advertising
Industry RS rank: 18 out of 60
Stock RS rank: 48 out of 617
7/25/24 close: $90.88
1 Month avg volatility: $3.11. Volatility stop (for downward breakout): $99.32 or 9.3% above the close.
Change YTD: 26.29%
Volume: 4,900,200 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: Triple top reversal pattern from 07/10/2024 to 07/23/2024
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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Thermo Electron Corp (TMO)
Industry: Precision Instrument
Industry RS rank: 27 out of 60
Stock RS rank: 266 out of 617
7/25/24 close: $594.50
1 Month avg volatility: $12.21. Volatility stop (for upward breakout): $547.71 or 7.9% below the close.
Change YTD: 12.00%
Volume: 3,579,100 shares. 3 month avg: 1,572,766 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 07/09/2024 to 07/19/2024
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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V. F. Corp (VFC)
Industry: Apparel
Industry RS rank: 6 out of 60
Stock RS rank: 478 out of 617
7/25/24 close: $16.07
1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $14.73 or 8.3% below the close.
Change YTD: -14.52%
Volume: 4,009,300 shares. 3 month avg: 2,795,366 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 07/18/2024 to 07/25/2024
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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Werner Enterprises, Inc (WERN)
Industry: Trucking/Transp. Leasing
Industry RS rank: 53 out of 60
Stock RS rank: 487 out of 617
7/25/24 close: $38.85
1 Month avg volatility: $0.92. Volatility stop (for upward breakout): $34.92 or 10.1% below the close.
Change YTD: -8.31%
Volume: 1,242,000 shares. 3 month avg: 887,242 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Ugly double bottom reversal pattern from 07/09/2024 to 07/22/2024
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Wolverine World Wide (WWW)
Industry: Shoe
Industry RS rank: 15 out of 60
Stock RS rank: 5 out of 617
7/25/24 close: $14.37
1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $12.98 or 9.7% below the close.
Change YTD: 61.64%
Volume: 904,200 shares. 3 month avg: 772,149 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Double Bottom, Adam and Eve reversal pattern from 06/17/2024 to 07/10/2024
Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

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