As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
|
 44,200 or 41,750 by 01/01/2025 16,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 |
As of 12/20/2024
Indus: 42,840 +498.02 +1.2%
Trans: 15,892 +32.54 +0.2%
Utils: 986 +14.76 +1.5%
Nasdaq: 19,573 +199.83 +1.0%
S&P 500: 5,931 +63.77 +1.1%
|
YTD
+13.7%
0.0%
+11.9%
+30.4%
+24.3%
| |
|
44,200 or 41,750 by 01/01/202516,100 or 17,700 by 01/01/20251,050 or 975 by 01/01/202520,500 or 19,300 by 01/01/20256,100 or 5,775 by 01/01/2025 | ||
For more information on this pattern, read
Encyclopedia of Chart Patterns Second Edition
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Periodically, retailers announce same-store sales (sometimes called existing store sales or comparable store sales) numbers. Usually, these are the sale results for stores open at least a year. After the announcement of better than expected same-store sales, the stock jumps up, but price soon falters and drops. Discovered by Thomas Bulkowski in the fall of 2003.
Good Same Store Sales
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The above numbers are based on hundreds of perfect trades. See the glossary for definitions.
| Characteristic | Discussion |
| Price trend | Usually found in a price uptrend (continuation patterns) but reversals perform better. |
| Announcement | The company announces monthly or quarterly same-store sales numbers. |
| Wide swing | Look for announcements in which price makes a large intraday swing, 2 or 3 times the average daily intraday price swing over the last month. |
| Upward breakout | A breakout occurs when price closes above the highest high posted on the announcement day. |
| Volume | Above the 30-day average, usually. |
| Market | Works best in a bull market. |
| Trading Tactic | Explanation |  The Measure Rule
|
| Measure rule | Reference The Measure Rule figure to the right. On the announcement day, subtract the intraday low (point A) from the high (B) and multiply it by the above “percentage meeting price target.” Add the result to the intraday high (B) to get a price target (C). | |
| Confirmation | Wait for price to confirm the pattern because traders may push price down instead. An upward breakout (confirmation) happens when price closes above the high posted on the announcement day. | |
| Buy | Buy when the pattern confirms, but be prepared to sell quickly. | |
| Yearly low | Patterns with breakouts within a third of the yearly low have the best performance. | |
| Top | Price may top out quickly. Forty-four percent in a bull market top out in less than 2 weeks, so be prepared to sell if price falters. Twenty-nine percent show continued upward strength through 70 days. | |
| Short | If price begins weakening, rounds over and starts down, consider shorting the stock. Watch for a throwback in which the stock returns to the breakout price and then rebounds upward. |
The above figure shows an example of a good same-store sales event pattern. Price trends downward into the event pattern and then price forms a tall white candle on the announcement day. Price moves up in a straight-line run, peaking at A before dribbling lower over the coming days.
-- Thomas Bulkowski
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