Bulkowski on Scoring Head-and-Shoulders Tops

Written by and copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

My book, Trading Classic Chart Patterns, pictured on the right, has additional details on this scoring system.

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This page scores head-and-shoulders tops chart patterns. Patterns with scores above 0 show declines averaging 25%. Scores below 0 show declines of 16%. High scores do not guarantee good performance, nor does a low score mean you found a stinker.

Scoring Head-and-Shoulders Tops

Please provide the following information:

What is the highest price in the chart pattern? What is the lowest price in the chart pattern? What is the highest price for the stock over the last 52 weeks? What is the lowest price for the stock over the last 52 weeks? How many shares of stock are outstanding? What is the (anticipated) breakout price (use neckline pierce price or right armpit low)? Trend start: How long is the price trend leading to the start of the chart pattern? 0-3 months 3-6 months Over 6 months Horizontal consolidation region: Is underlying support in the way of price movement? Yes No Neckline slope: In what direction does the neckline slope? Up Horizontal Down Shoulders: Which shoulder peak is higher? Left Right The shoulder lows are even Volume trend: Is volume trending up or down in the chart pattern? Up Down Pullbacks: Do you think a pullback will occur (usually answer Yes)? Yes No -- Thomas Bulkowski   More

Enter Symbol Chart Quote This loads yahoo!finance then use the Key Statistics link to find the 52-week high, low, and shares outstanding.

Written by and copyright © 2005-2024 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Bread always falls buttered side down.