Bulkowski on Scoring Triple Tops

Written by and copyright © 2005-2022 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 triple top chart patterns. Patterns with scores above 0 show declines averaging 27%. Scores below 0 show declines of 15%. High scores do not guarantee good performance, nor does a low score mean you found a stinker.

Scoring Triple 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? 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 Top volume: Compare the volume surrounding the 5 days of the middle and right tops. Is the volume surrounding the middle peak above the volume surrounding the right peak? Yes No Volume trend: Is volume trending up or down in the chart pattern? Up Down Breakout volume: Is breakout volume above the 30-day average? If no breakout yet, answer No. Yes No Pullbacks: Do you think a pullback will occur (usually answer Yes)? Yes No Gaps: Did a gap occur on the breakout (if no breakout yet, answer No)? Yes No Market trend: Is the general market trending up or down? Up Down -- 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 © 2005-2022 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. Management: The art of getting other people to do the work.