As of 12/06/2024
  Indus: 44,643 -123.19 -0.3%  
  Trans: 16,879 -97.04 -0.6%  
  Utils: 1,036 -11.79 -1.1%  
  Nasdaq: 19,860 +159.51 +0.8%  
  S&P 500: 6,090 +15.16 +0.2%  
YTD
 +18.4%  
 +6.2%  
 +17.4%  
 +32.3%  
 +27.7%  
  Targets    Overview: 12/02/2024  
  Down arrow44,000 or 46,000 by 12/15/2024
  Down arrow17,025 or 18,000 by 12/15/2024
  Down arrow1,025 or 1,100 by 12/15/2024
  Up arrow20,000 or 18,500 by 12/15/2024
  Up arrow6,200 or 5,900 by 12/15/2024
As of 12/06/2024
  Indus: 44,643 -123.19 -0.3%  
  Trans: 16,879 -97.04 -0.6%  
  Utils: 1,036 -11.79 -1.1%  
  Nasdaq: 19,860 +159.51 +0.8%  
  S&P 500: 6,090 +15.16 +0.2%  
YTD
 +18.4%  
 +6.2%  
 +17.4%  
 +32.3%  
 +27.7%  
  Targets    Overview: 12/02/2024  
  Down arrow44,000 or 46,000 by 12/15/2024
  Down arrow17,025 or 18,000 by 12/15/2024
  Down arrow1,025 or 1,100 by 12/15/2024
  Up arrow20,000 or 18,500 by 12/15/2024
  Up arrow6,200 or 5,900 by 12/15/2024

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.
 
American Eagle Outfitters Inc. (AEO)
Industry: Apparel
Industry RS rank: 54 out of 60
Stock RS rank: 522 out of 615
8/29/24 close: $20.78
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $17.71 or 14.8% below the close.
Change YTD: -1.80%
Volume: 11,261,600 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: Broadening bottom reversal pattern from 06/12/2024 to 08/26/2024
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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American International Group (AIG)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 16 out of 60
Stock RS rank: 344 out of 615
8/29/24 close: $76.12
1 Month avg volatility: $1.46. Volatility stop (for downward breakout): $79.46 or 4.4% above the close.
Change YTD: 12.35%
Volume: 2,395,500 shares. 3 month avg: 5,185,998 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, Adam and Adam reversal pattern from 07/18/2024 to 07/30/2024
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: 51 out of 60
Stock RS rank: 525 out of 615
8/29/24 close: $88.62
1 Month avg volatility: $3.59. Volatility stop (for upward breakout): $80.75 or 8.9% below the close.
Change YTD: -4.56%
Volume: 228,200 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: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
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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Automatic Data Processing Inc (ADP)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 273 out of 615
8/29/24 close: $273.36
1 Month avg volatility: $4.29. Volatility stop (for upward breakout): $263.11 or 3.8% below the close.
Change YTD: 17.34%
Volume: 839,800 shares. 3 month avg: 2,140,888 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Ugly double bottom reversal pattern from 07/10/2024 to 08/06/2024
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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Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 49 out of 60
Stock RS rank: 516 out of 615
8/29/24 close: $13.82
1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $12.66 or 8.4% below the close.
Change YTD: -16.75%
Volume: 19,400 shares. 3 month avg: 28,538 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
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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Best Buy Co. (BBY)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 60
Stock RS rank: 82 out of 615
8/29/24 close: $100.18
1 Month avg volatility: $2.19. Volatility stop (for upward breakout): $93.27 or 6.9% below the close.
Change YTD: 27.98%
Volume: 12,061,600 shares. 3 month avg: 4,325,955 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 07/02/2024 to 08/05/2024
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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Big Lots Inc. (BIG)
Industry: Retail Store
Industry RS rank: 39 out of 60
Stock RS rank: 615 out of 615
8/29/24 close: $0.57
1 Month avg volatility: $0.10. Volatility stop (for downward breakout): $0.96 or 67.0% above the close.
Change YTD: -92.64%
Volume: 9,159,500 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: Dead-cat bounce continuation pattern from 08/29/2024 to 08/29/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Boot Barn Holdings Inc (BOOT)
Industry: Shoe
Industry RS rank: 23 out of 60
Stock RS rank: 10 out of 615
8/29/24 close: $137.60
1 Month avg volatility: $5.19. Volatility stop (for downward breakout): $150.57 or 9.4% above the close.
Change YTD: 79.26%
Volume: 406,200 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: Broadening top reversal pattern from 06/26/2024 to 08/26/2024
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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Bread Financial Holdings (BFH)
Industry: Information Services
Industry RS rank: 41 out of 60
Stock RS rank: 8 out of 615
8/29/24 close: $58.60
1 Month avg volatility: $1.80. Volatility stop (for upward breakout): $54.20 or 7.5% below the close.
Change YTD: 77.90%
Volume: 673,900 shares. 3 month avg: 943,408 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: Pipe bottom reversal pattern from 07/29/2024 to 08/05/2024
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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Builders FirstSource, Inc (BLDR)
Industry: Retail Building Supply
Industry RS rank: 45 out of 60
Stock RS rank: 518 out of 615
8/29/24 close: $172.16
1 Month avg volatility: $7.29. Volatility stop (for upward breakout): $156.87 or 8.9% below the close.
Change YTD: 3.13%
Volume: 789,500 shares. 3 month avg: 1,257,223 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 07/29/2024 to 08/05/2024
WARNING: A dead-cat bounce occurred on 05/07/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/05/2024.
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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Cabot Corp. (CBT)
Industry: Chemical (Diversified)
Industry RS rank: 37 out of 60
Stock RS rank: 88 out of 615
8/29/24 close: $104.26
1 Month avg volatility: $3.10. Volatility stop (for upward breakout): $97.22 or 6.8% below the close.
Change YTD: 24.86%
Volume: 268,600 shares. 3 month avg: 325,852 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 07/29/2024 to 08/05/2024
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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Cadence Design Systems Inc (CDNS)
Industry: Computer Software and Svcs
Industry RS rank: 53 out of 60
Stock RS rank: 521 out of 615
8/29/24 close: $265.63
1 Month avg volatility: $8.70. Volatility stop (for downward breakout): $288.39 or 8.6% above the close.
Change YTD: -2.47%
Volume: 1,131,400 shares. 3 month avg: 2,769,531 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 08/12/2024 to 08/19/2024
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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Cleveland-Cliffs Inc (CLF)
Industry: Metals and Mining (Div.)
Industry RS rank: 7 out of 60
Stock RS rank: 599 out of 615
8/29/24 close: $13.33
1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $12.38 or 7.1% below the close.
Change YTD: -34.72%
Volume: 9,123,100 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 08/12/2024 to 08/19/2024
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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ConAgra Brands Inc (CAG)
Industry: Food Processing
Industry RS rank: 36 out of 60
Stock RS rank: 244 out of 615
8/29/24 close: $31.04
1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $29.66 or 4.5% below the close.
Change YTD: 8.30%
Volume: 2,858,400 shares. 3 month avg: 3,423,360 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: Triangle, symmetrical continuation pattern from 08/05/2024 to 08/26/2024
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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Crane Co (CR)
Industry: Diversified Co.
Industry RS rank: 24 out of 60
Stock RS rank: 79 out of 615
8/29/24 close: $155.93
1 Month avg volatility: $4.21. Volatility stop (for upward breakout): $146.46 or 6.1% below the close.
Change YTD: 31.99%
Volume: 162,800 shares. 3 month avg: 293,374 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 08/05/2024 to 08/20/2024
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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Discover Financial Services (DFS)
Industry: Financial Services
Industry RS rank: 35 out of 60
Stock RS rank: 225 out of 615
8/29/24 close: $137.58
1 Month avg volatility: $3.50. Volatility stop (for upward breakout): $127.50 or 7.3% below the close.
Change YTD: 22.40%
Volume: 1,044,500 shares. 3 month avg: 2,443,809 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 bottom reversal pattern from 08/05/2024 to 08/12/2024
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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Distribution Solutions (DSGR)
Industry: Metal Fabricating
Industry RS rank: 13 out of 60
Stock RS rank: 164 out of 615
8/29/24 close: $36.75
1 Month avg volatility: $1.39. Volatility stop (for upward breakout): $33.97 or 7.6% below the close.
Change YTD: 16.44%
Volume: 35,400 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: Ugly double bottom reversal pattern from 07/05/2024 to 08/05/2024
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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Dril-Quip Inc (DRQ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 55 out of 60
Stock RS rank: 590 out of 615
8/29/24 close: $16.46
1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $14.73 or 10.5% below the close.
Change YTD: -29.27%
Volume: 291,900 shares. 3 month avg: 557,835 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: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
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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Dynamic Materials (BOOM)
Industry: Metal Fabricating
Industry RS rank: 13 out of 60
Stock RS rank: 592 out of 615
8/29/24 close: $12.05
1 Month avg volatility: $0.47. Volatility stop (for upward breakout): $10.86 or 9.9% below the close.
Change YTD: -35.97%
Volume: 161,200 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: Double Bottom, Eve and Eve reversal pattern from 08/13/2024 to 08/22/2024
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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EOG Resources (EOG)
Industry: Natural Gas (Distributor)
Industry RS rank: 12 out of 60
Stock RS rank: 203 out of 615
8/29/24 close: $129.98
1 Month avg volatility: $2.53. Volatility stop (for upward breakout): $124.05 or 4.6% below the close.
Change YTD: 7.47%
Volume: 3,141,300 shares. 3 month avg: 2,618,102 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 07/29/2024 to 08/05/2024
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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eXp World Holdings (EXPI)
Industry: E-Commerce
Industry RS rank: 33 out of 60
Stock RS rank: 449 out of 615
8/29/24 close: $12.26
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $10.93 or 10.9% below the close.
Change YTD: -21.01%
Volume: 564,000 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: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
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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Forward Air Corp (FWRD)
Industry: Trucking/Transp. Leasing
Industry RS rank: 59 out of 60
Stock RS rank: 550 out of 615
8/29/24 close: $33.08
1 Month avg volatility: $1.83. Volatility stop (for upward breakout): $28.73 or 13.1% below the close.
Change YTD: -47.38%
Volume: 502,100 shares. 3 month avg: 140,032 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: Flag, high and tight continuation pattern from 07/09/2024 to 08/29/2024
WARNING: A dead-cat bounce occurred on 05/09/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/07/2024.
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

Top

Friedman Industries Inc (FRD)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 51 out of 60
Stock RS rank: 554 out of 615
8/29/24 close: $15.30
1 Month avg volatility: $0.43. Volatility stop (for upward breakout): $14.25 or 6.9% below the close.
Change YTD: -1.03%
Volume: 2,900 shares. 3 month avg: 24,458 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: Pipe bottom reversal pattern from 08/12/2024 to 08/19/2024
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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Guess Inc. (GES)
Industry: Apparel
Industry RS rank: 54 out of 60
Stock RS rank: 564 out of 615
8/29/24 close: $20.51
1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $22.67 or 10.5% above the close.
Change YTD: -11.06%
Volume: 1,648,300 shares. 3 month avg: 1,269,442 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 07/18/2024 to 07/31/2024
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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Infinera Corp. (INFN)
Industry: Telecom. Equipment
Industry RS rank: 26 out of 60
Stock RS rank: 119 out of 615
8/29/24 close: $6.17
1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $5.85 or 5.3% below the close.
Change YTD: 29.89%
Volume: 8,978,400 shares. 3 month avg: 1,624,214 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Top

Insulet Corporation (PODD)
Industry: Medical Supplies
Industry RS rank: 38 out of 60
Stock RS rank: 84 out of 615
8/29/24 close: $205.15
1 Month avg volatility: $7.79. Volatility stop (for upward breakout): $188.77 or 8.0% below the close.
Change YTD: -5.45%
Volume: 701,000 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: Head-and-shoulders bottom reversal pattern from 07/26/2024 to 08/26/2024
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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Jazz Pharmaceuticals, Inc. (JAZZ)
Industry: Biotechnology
Industry RS rank: 27 out of 60
Stock RS rank: 517 out of 615
8/29/24 close: $115.60
1 Month avg volatility: $2.74. Volatility stop (for upward breakout): $110.05 or 4.8% below the close.
Change YTD: -6.02%
Volume: 241,500 shares. 3 month avg: 454,337 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: Ugly double bottom reversal pattern from 07/10/2024 to 08/13/2024
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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Leggett and Platt (LEG)
Industry: Furn/Home Furnishings
Industry RS rank: 49 out of 60
Stock RS rank: 602 out of 615
8/29/24 close: $12.69
1 Month avg volatility: $0.43. Volatility stop (for upward breakout): $11.70 or 7.8% below the close.
Change YTD: -51.51%
Volume: 1,097,300 shares. 3 month avg: 1,259,645 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, Eve and Eve reversal pattern from 08/12/2024 to 08/20/2024
WARNING: A dead-cat bounce occurred on 05/01/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/30/2024.
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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Lowes Companies, Inc (LOW)
Industry: Retail Building Supply
Industry RS rank: 45 out of 60
Stock RS rank: 367 out of 615
8/29/24 close: $246.77
1 Month avg volatility: $5.79. Volatility stop (for upward breakout): $234.80 or 4.9% below the close.
Change YTD: 10.88%
Volume: 1,600,300 shares. 3 month avg: 6,401,252 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: Ugly double bottom reversal pattern from 07/02/2024 to 07/25/2024
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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LSB Industries Inc (LXU)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 51 out of 60
Stock RS rank: 308 out of 615
8/29/24 close: $7.96
1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $7.07 or 11.2% below the close.
Change YTD: -14.50%
Volume: 261,300 shares. 3 month avg: 417,169 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 08/08/2024 to 08/29/2024
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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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 55 out of 60
Stock RS rank: 544 out of 615
8/29/24 close: $9.95
1 Month avg volatility: $0.34. Volatility stop (for upward breakout): $9.13 or 8.3% below the close.
Change YTD: 1.74%
Volume: 85,700 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 08/05/2024 to 08/12/2024
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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Meta (Facebook) (META)
Industry: E-Commerce
Industry RS rank: 33 out of 60
Stock RS rank: 301 out of 615
8/29/24 close: $518.22
1 Month avg volatility: $15.08. Volatility stop (for downward breakout): $557.36 or 7.6% above the close.
Change YTD: 46.41%
Volume: 8,295,200 shares. 3 month avg: 16,363,594 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: Double Top, Adam and Adam reversal pattern from 08/15/2024 to 08/22/2024
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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Miller, Herman (MLKN)
Industry: Furn/Home Furnishings
Industry RS rank: 49 out of 60
Stock RS rank: 447 out of 615
8/29/24 close: $29.22
1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $27.44 or 6.1% below the close.
Change YTD: 9.52%
Volume: 383,300 shares. 3 month avg: 361,806 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 bottom reversal pattern from 08/05/2024 to 08/12/2024
WARNING: A dead-cat bounce occurred on 03/28/2024. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/26/2024.
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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National Oilwell Varco (NOV)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 55 out of 60
Stock RS rank: 327 out of 615
8/29/24 close: $17.95
1 Month avg volatility: $0.48. Volatility stop (for upward breakout): $16.81 or 6.3% below the close.
Change YTD: -11.49%
Volume: 1,877,900 shares. 3 month avg: 3,130,966 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Broadening bottom reversal pattern from 08/05/2024 to 08/29/2024
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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Patterson Companies Inc. (PDCO)
Industry: Medical Supplies
Industry RS rank: 38 out of 60
Stock RS rank: 551 out of 615
8/29/24 close: $22.47
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $24.32 or 8.2% above the close.
Change YTD: -21.04%
Volume: 2,298,600 shares. 3 month avg: 1,885,975 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: Head-and-shoulders complex top reversal pattern from 06/18/2024 to 08/27/2024
Breakout is downward 100% of the time.
Average decline: 23%.
Break-even failure rate: 4%.
Pullbacks occur 67% of the time.
Price hits measure rule target 53% of the time.

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Paychex Inc (PAYX)
Industry: IT Services
Industry RS rank: 17 out of 60
Stock RS rank: 329 out of 615
8/29/24 close: $129.55
1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $124.89 or 3.6% below the close.
Change YTD: 8.77%
Volume: 1,135,700 shares. 3 month avg: 1,495,946 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: Ugly double bottom reversal pattern from 07/10/2024 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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Rocky Brands Inc (RCKY)
Industry: Shoe
Industry RS rank: 23 out of 60
Stock RS rank: 337 out of 615
8/29/24 close: $31.50
1 Month avg volatility: $1.57. Volatility stop (for upward breakout): $27.87 or 11.5% below the close.
Change YTD: 4.37%
Volume: 26,400 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: Pipe bottom reversal pattern from 08/05/2024 to 08/12/2024
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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SkyWest Inc (SKYW)
Industry: Air Transport
Industry RS rank: 48 out of 60
Stock RS rank: 96 out of 615
8/29/24 close: $75.87
1 Month avg volatility: $2.46. Volatility stop (for downward breakout): $81.60 or 7.6% above the close.
Change YTD: 45.34%
Volume: 203,600 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Eve and Eve reversal pattern from 07/16/2024 to 07/24/2024
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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Stratasys Ltd (SSYS)
Industry: Electronics
Industry RS rank: 30 out of 60
Stock RS rank: 608 out of 615
8/29/24 close: $6.92
1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $7.64 or 10.4% above the close.
Change YTD: -51.54%
Volume: 3,294,000 shares. 3 month avg: 835,520 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: Dead-cat bounce continuation pattern from 08/29/2024 to 08/29/2024
Breakout is downward 67% of the time.
Average decline: 18%.

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Summit Materials Inc (SUM)
Industry: Cement and Aggregates
Industry RS rank: 56 out of 60
Stock RS rank: 475 out of 615
8/29/24 close: $39.80
1 Month avg volatility: $1.36. Volatility stop (for downward breakout): $43.04 or 8.1% above the close.
Change YTD: 3.48%
Volume: 849,000 shares. 3 month avg: 1,204,178 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: Diamond top reversal pattern from 07/12/2024 to 08/29/2024
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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Teva Pharmaceutical Industries (TEVA)
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: 24 out of 615
8/29/24 close: $18.73
1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $19.77 or 5.6% above the close.
Change YTD: 79.41%
Volume: 8,449,800 shares. 3 month avg: 26,334,894 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: Rising wedge reversal pattern from 07/12/2024 to 08/28/2024
Breakout is downward 69% of the time.
Average decline: 14%.
Break-even failure rate: 24%.
Pullbacks occur 63% of the time.
Price hits measure rule target 46% of the time.

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Tractor Supply Co (TSCO)
Industry: Retail Building Supply
Industry RS rank: 45 out of 60
Stock RS rank: 277 out of 615
8/29/24 close: $273.71
1 Month avg volatility: $6.15. Volatility stop (for upward breakout): $260.79 or 4.7% below the close.
Change YTD: 27.29%
Volume: 558,400 shares. 3 month avg: 2,128,008 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 08/05/2024 to 08/21/2024
Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

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Tredegar Corp (TG)
Industry: Chemical (Specialty)
Industry RS rank: 52 out of 60
Stock RS rank: 31 out of 615
8/29/24 close: $5.95
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $5.50 or 7.6% below the close.
Change YTD: 9.98%
Volume: 77,800 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: Ugly double bottom reversal pattern from 06/26/2024 to 08/05/2024
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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UGI Corp. (UGI)
Industry: Natural Gas (Distributor)
Industry RS rank: 12 out of 60
Stock RS rank: 404 out of 615
8/29/24 close: $24.62
1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $23.56 or 4.3% below the close.
Change YTD: 0.08%
Volume: 1,033,700 shares. 3 month avg: 686,418 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 08/05/2024 to 08/12/2024
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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