As of 09/18/2024
Indus: 41,503 -103.08 -0.2%
Trans: 16,071 +57.68 +0.4%
Utils: 1,050 -9.27 -0.9%
Nasdaq: 17,573 -54.76 -0.3%
S&P 500: 5,618 -16.32 -0.3%
|
YTD
+10.1%
+1.1%
+19.1%
+17.1%
+17.8%
|
 42,000 or 40,100 by 10/01/202416,200 or 15,300 by 10/01/20241,100 or 1,000 by 10/01/202418,400 or 16,650 by 10/01/20245,750 or 5,400 by 10/01/2024 |
As of 09/18/2024
Indus: 41,503 -103.08 -0.2%
Trans: 16,071 +57.68 +0.4%
Utils: 1,050 -9.27 -0.9%
Nasdaq: 17,573 -54.76 -0.3%
S&P 500: 5,618 -16.32 -0.3%
|
YTD
+10.1%
+1.1%
+19.1%
+17.1%
+17.8%
| |
|
42,000 or 40,100 by 10/01/202416,200 or 15,300 by 10/01/20241,100 or 1,000 by 10/01/202418,400 or 16,650 by 10/01/20245,750 or 5,400 by 10/01/2024 | ||
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.
Industry: ApparelIndustry RS rank: 54 out of 60Stock RS rank: 522 out of 6158/29/24 close: $20.781 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 08/26/2024Breakout 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.
Industry: Insurance (Prop/Casualty)Industry RS rank: 16 out of 60Stock RS rank: 344 out of 6158/29/24 close: $76.121 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 07/30/2024Breakout 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.
Industry: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 51 out of 60Stock RS rank: 525 out of 6158/29/24 close: $88.621 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 08/12/2024Breakout 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.
Industry: IT ServicesIndustry RS rank: 17 out of 60Stock RS rank: 273 out of 6158/29/24 close: $273.361 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 08/06/2024Breakout 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.
Industry: Furn/Home FurnishingsIndustry RS rank: 49 out of 60Stock RS rank: 516 out of 6158/29/24 close: $13.821 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 08/12/2024Breakout 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.
Industry: Retail (Special Lines)WARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 10 out of 60Stock RS rank: 82 out of 6158/29/24 close: $100.181 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 08/05/2024Breakout 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.
Industry: Retail StoreIndustry RS rank: 39 out of 60Stock RS rank: 615 out of 6158/29/24 close: $0.571 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 08/29/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: ShoeIndustry RS rank: 23 out of 60Stock RS rank: 10 out of 6158/29/24 close: $137.601 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 08/26/2024Breakout 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.
Industry: Information ServicesIndustry RS rank: 41 out of 60Stock RS rank: 8 out of 6158/29/24 close: $58.601 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 08/05/2024Breakout 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.
Industry: Retail Building SupplyIndustry RS rank: 45 out of 60Stock RS rank: 518 out of 6158/29/24 close: $172.161 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 08/05/2024WARNING: 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.
Industry: Chemical (Diversified)Industry RS rank: 37 out of 60Stock RS rank: 88 out of 6158/29/24 close: $104.261 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 08/05/2024Breakout 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.
Industry: Computer Software and SvcsIndustry RS rank: 53 out of 60Stock RS rank: 521 out of 6158/29/24 close: $265.631 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 08/19/2024Breakout 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.
Industry: Metals and Mining (Div.)Industry RS rank: 7 out of 60Stock RS rank: 599 out of 6158/29/24 close: $13.331 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 08/19/2024Breakout 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.
Industry: Food ProcessingIndustry RS rank: 36 out of 60Stock RS rank: 244 out of 6158/29/24 close: $31.041 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 08/26/2024Breakout 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.
Industry: Diversified Co.Industry RS rank: 24 out of 60Stock RS rank: 79 out of 6158/29/24 close: $155.931 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 08/20/2024Breakout 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.
Industry: Financial ServicesIndustry RS rank: 35 out of 60Stock RS rank: 225 out of 6158/29/24 close: $137.581 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 08/12/2024Breakout 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.
Industry: Metal FabricatingIndustry RS rank: 13 out of 60Stock RS rank: 164 out of 6158/29/24 close: $36.751 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 08/05/2024Breakout 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.
Industry: Oilfield Svcs/EquipmentIndustry RS rank: 55 out of 60Stock RS rank: 590 out of 6158/29/24 close: $16.461 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 08/12/2024Breakout 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.
Industry: Metal FabricatingIndustry RS rank: 13 out of 60Stock RS rank: 592 out of 6158/29/24 close: $12.051 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 08/22/2024Breakout 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.
Industry: Natural Gas (Distributor)Industry RS rank: 12 out of 60Stock RS rank: 203 out of 6158/29/24 close: $129.981 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 08/05/2024Breakout 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.
Industry: E-CommerceIndustry RS rank: 33 out of 60Stock RS rank: 449 out of 6158/29/24 close: $12.261 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 08/12/2024Breakout 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.
Industry: Trucking/Transp. LeasingIndustry RS rank: 59 out of 60Stock RS rank: 550 out of 6158/29/24 close: $33.081 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 08/29/2024WARNING: 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.
Industry: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 51 out of 60Stock RS rank: 554 out of 6158/29/24 close: $15.301 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 08/19/2024Breakout 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.
Industry: ApparelIndustry RS rank: 54 out of 60Stock RS rank: 564 out of 6158/29/24 close: $20.511 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 07/31/2024Breakout 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.
Industry: Telecom. EquipmentIndustry RS rank: 26 out of 60Stock RS rank: 119 out of 6158/29/24 close: $6.171 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 08/12/2024Breakout 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.
Industry: Medical SuppliesIndustry RS rank: 38 out of 60Stock RS rank: 84 out of 6158/29/24 close: $205.151 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 08/26/2024Breakout 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.
Industry: BiotechnologyIndustry RS rank: 27 out of 60Stock RS rank: 517 out of 6158/29/24 close: $115.601 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 08/13/2024Breakout 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.
Industry: Furn/Home FurnishingsIndustry RS rank: 49 out of 60Stock RS rank: 602 out of 6158/29/24 close: $12.691 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 08/20/2024WARNING: 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.
Industry: Retail Building SupplyIndustry RS rank: 45 out of 60Stock RS rank: 367 out of 6158/29/24 close: $246.771 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 07/25/2024Breakout 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.
Industry: Building MaterialsWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 51 out of 60Stock RS rank: 308 out of 6158/29/24 close: $7.961 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 08/29/2024Breakout 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.
Industry: Oilfield Svcs/EquipmentIndustry RS rank: 55 out of 60Stock RS rank: 544 out of 6158/29/24 close: $9.951 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 08/12/2024Breakout 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.
Industry: E-CommerceIndustry RS rank: 33 out of 60Stock RS rank: 301 out of 6158/29/24 close: $518.221 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 08/22/2024Breakout 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.
Industry: Furn/Home FurnishingsIndustry RS rank: 49 out of 60Stock RS rank: 447 out of 6158/29/24 close: $29.221 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 08/12/2024WARNING: 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.
Industry: Oilfield Svcs/EquipmentIndustry RS rank: 55 out of 60Stock RS rank: 327 out of 6158/29/24 close: $17.951 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 08/29/2024Breakout 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.
Industry: Medical SuppliesIndustry RS rank: 38 out of 60Stock RS rank: 551 out of 6158/29/24 close: $22.471 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 08/27/2024Breakout 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.
Industry: IT ServicesIndustry RS rank: 17 out of 60Stock RS rank: 329 out of 6158/29/24 close: $129.551 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 07/22/2024Breakout 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.
Industry: ShoeIndustry RS rank: 23 out of 60Stock RS rank: 337 out of 6158/29/24 close: $31.501 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 08/12/2024Breakout 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.
Industry: Air TransportIndustry RS rank: 48 out of 60Stock RS rank: 96 out of 6158/29/24 close: $75.871 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 07/24/2024Breakout 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.
Industry: ElectronicsIndustry RS rank: 30 out of 60Stock RS rank: 608 out of 6158/29/24 close: $6.921 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 08/29/2024Breakout is downward 67% of the time.Average decline: 18%.
Industry: Cement and AggregatesIndustry RS rank: 56 out of 60Stock RS rank: 475 out of 6158/29/24 close: $39.801 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 08/29/2024Breakout 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.
Industry: DrugWARNING: This industry is within the top 7 that Dead-cat bounce often.Industry RS rank: 32 out of 60Stock RS rank: 24 out of 6158/29/24 close: $18.731 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 08/28/2024Breakout 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.
Industry: Retail Building SupplyIndustry RS rank: 45 out of 60Stock RS rank: 277 out of 6158/29/24 close: $273.711 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 08/21/2024Breakout 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.
Industry: Chemical (Specialty)Industry RS rank: 52 out of 60Stock RS rank: 31 out of 6158/29/24 close: $5.951 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 08/05/2024Breakout 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.
Industry: Natural Gas (Distributor)Industry RS rank: 12 out of 60Stock RS rank: 404 out of 6158/29/24 close: $24.621 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 08/12/2024Breakout 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.
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
|
My Stock Market Books
|
My Novels
|
on