As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Patterns for the Weekend Details

Copyright © 2021 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns ending between 02/18/2021 and 02/25/2021. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Semiconductor

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 18 out of 59

Stock RS rank: 508 out of 575

2/25/21 close: $82.42

1 Month avg volatility: $3.03. Volatility stop (for downward breakout): $93.14 or 13.0% above the close.

Change YTD: -10.13%

Volume: 54,275,200 shares. 3 month avg: 56,512,782 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Insurance (Diversified)

Industry RS rank: 27 out of 59

Stock RS rank: 192 out of 575

2/25/21 close: $48.65

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $46.70 or 4.0% below the close.

Change YTD: 9.40%

Volume: 5,110,700 shares. 3 month avg: 1,541,537 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: Scallop, ascending continuation pattern from 01/19/2021 to 02/25/2021

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 42 out of 59

Stock RS rank: 139 out of 575

2/25/21 close: $88.74

1 Month avg volatility: $4.07. Volatility stop (for downward breakout): $102.35 or 15.3% above the close.

Change YTD: -14.22%

Volume: 597,400 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Building Materials

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 25 out of 59

Stock RS rank: 285 out of 575

2/25/21 close: $88.93

1 Month avg volatility: $2.68. Volatility stop (for upward breakout): $82.57 or 7.2% below the close.

Change YTD: 19.55%

Volume: 739,500 shares. 3 month avg: 508,948 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 Bottom, Eve and Adam reversal pattern from 01/29/2021 to 02/22/2021

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 4%.

Throwbacks occur 57% of the time.

Price hits measure rule target 66% of the time.

Industry: Electric Utility (West)

Industry RS rank: 53 out of 59

Stock RS rank: 379 out of 575

2/25/21 close: $40.60

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $37.47 or 7.7% below the close.

Change YTD: 1.15%

Volume: 578,600 shares. 3 month avg: 396,820 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 01/21/2021 to 02/19/2021

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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 26 out of 59

Stock RS rank: 238 out of 575

2/25/21 close: $98.77

1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $93.91 or 4.9% below the close.

Change YTD: 13.05%

Volume: 1,020,700 shares. 3 month avg: 534,966 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: Scallop, ascending continuation pattern from 01/15/2021 to 02/25/2021

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 16 out of 59

Stock RS rank: 3 out of 575

2/25/21 close: $12.85

1 Month avg volatility: $1.38. Volatility stop (for downward breakout): $16.60 or 29.3% above the close.

Change YTD: 63.42%

Volume: 5,493,700 shares. 3 month avg: 1,021,160 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: Dead-cat bounce continuation pattern from 02/23/2021 to 02/23/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Precision Instrument

Industry RS rank: 34 out of 59

Stock RS rank: 293 out of 575

2/25/21 close: $81.42

1 Month avg volatility: $2.64. Volatility stop (for downward breakout): $88.86 or 9.1% above the close.

Change YTD: 1.41%

Volume: 653,100 shares. 3 month avg: 1,157,365 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Electric Utility (Central)

Industry RS rank: 56 out of 59

Stock RS rank: 445 out of 575

2/25/21 close: $121.24

1 Month avg volatility: $2.11. Volatility stop (for upward breakout): $116.69 or 3.8% below the close.

Change YTD: -0.14%

Volume: 676,400 shares. 3 month avg: 979,609 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: Triangle, symmetrical continuation pattern from 01/12/2021 to 02/22/2021

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.

Industry: IT Services

Industry RS rank: 45 out of 59

Stock RS rank: 357 out of 575

2/25/21 close: $364.18

1 Month avg volatility: $11.44. Volatility stop (for downward breakout): $394.67 or 8.4% above the close.

Change YTD: 1.63%

Volume: 255,500 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Internet

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 49 out of 59

Stock RS rank: 151 out of 575

2/25/21 close: $190.04

1 Month avg volatility: $5.53. Volatility stop (for downward breakout): $205.08 or 7.9% above the close.

Change YTD: 8.01%

Volume: 966,600 shares. 3 month avg: 847,706 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: Pipe top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Retail Building Supply

Industry RS rank: 52 out of 59

Stock RS rank: 265 out of 575

2/25/21 close: $107.23

1 Month avg volatility: $5.56. Volatility stop (for downward breakout): $124.51 or 16.1% above the close.

Change YTD: 5.20%

Volume: 326,600 shares. 3 month avg: 201,345 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: Double Top, Eve and Adam reversal pattern from 02/12/2021 to 02/22/2021

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 19 out of 59

Stock RS rank: 433 out of 575

2/25/21 close: $42.90

1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $40.43 or 5.8% below the close.

Change YTD: -3.16%

Volume: 854,900 shares. 3 month avg: 981,391 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: Rectangle top continuation pattern from 08/10/2020 to 02/25/2021

Breakout is upward 68% of the time.

Average rise: 39%.

Break-even failure rate: 9%.

Throwbacks occur 64% of the time.

Price hits measure rule target 80% of the time.

Industry: Building Materials

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 25 out of 59

Stock RS rank: 23 out of 575

2/25/21 close: $4.67

1 Month avg volatility: $0.48. Volatility stop (for upward breakout): $3.09 or 33.9% below the close.

Change YTD: 37.76%

Volume: 759,200 shares. 3 month avg: 278,209 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: Flag, high and tight continuation pattern from 12/29/2020 to 02/25/2021

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: IT Services

Industry RS rank: 45 out of 59

Stock RS rank: 256 out of 575

2/25/21 close: $120.06

1 Month avg volatility: $5.19. Volatility stop (for downward breakout): $135.34 or 12.7% above the close.

Change YTD: 14.15%

Volume: 403,400 shares. 3 month avg: 726,191 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Petroleum (Integrated)

Industry RS rank: 13 out of 59

Stock RS rank: 26 out of 575

2/25/21 close: $11.30

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $9.90 or 12.4% below the close.

Change YTD: 69.42%

Volume: 37,281,100 shares. 3 month avg: 12,845,475 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: Flag, high and tight continuation pattern from 12/21/2020 to 02/25/2021

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: Drug

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 31 out of 59

Stock RS rank: 549 out of 575

2/25/21 close: $74.62

1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $71.50 or 4.2% below the close.

Change YTD: -8.78%

Volume: 10,381,200 shares. 3 month avg: 11,487,503 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: Diamond bottom reversal pattern from 02/11/2021 to 02/25/2021

Breakout is upward 69% of the time.

Average rise: 36%.

Break-even failure rate: 4%.

Throwbacks occur 53% of the time.

Price hits measure rule target 81% of the time.

Industry: Biotechnology

Industry RS rank: 39 out of 59

Stock RS rank: 25 out of 575

2/25/21 close: $30.21

1 Month avg volatility: $1.84. Volatility stop (for downward breakout): $35.29 or 16.8% above the close.

Change YTD: 52.77%

Volume: 954,500 shares. 3 month avg: 906,888 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: Broadening top reversal pattern from 02/04/2021 to 02/25/2021

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 59

Stock RS rank: 8 out of 575

2/25/21 close: $106.91

1 Month avg volatility: $6.89. Volatility stop (for upward breakout): $90.67 or 15.2% below the close.

Change YTD: 83.60%

Volume: 256,600 shares. 3 month avg: 10,861,705 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: Flag, high and tight continuation pattern from 12/29/2020 to 02/25/2021

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: Shoe

Industry RS rank: 6 out of 59

Stock RS rank: 274 out of 575

2/25/21 close: $135.54

1 Month avg volatility: $3.28. Volatility stop (for downward breakout): $145.73 or 7.5% above the close.

Change YTD: -4.19%

Volume: 5,631,400 shares. 3 month avg: 10,538,462 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: Double Top, Eve and Eve reversal pattern from 02/08/2021 to 02/19/2021

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 59

Stock RS rank: 35 out of 575

2/25/21 close: $7.50

1 Month avg volatility: $0.43. Volatility stop (for upward breakout): $6.47 or 13.8% below the close.

Change YTD: 42.59%

Volume: 2,576,900 shares. 3 month avg: 3,925,269 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: Triangle, symmetrical continuation pattern from 01/14/2021 to 02/19/2021

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.

Industry: Financial Services

Industry RS rank: 36 out of 59

Stock RS rank: 247 out of 575

2/25/21 close: $253.94

1 Month avg volatility: $10.31. Volatility stop (for downward breakout): $286.63 or 12.9% above the close.

Change YTD: 8.43%

Volume: 13,178,900 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Electronics

Industry RS rank: 12 out of 59

Stock RS rank: 413 out of 575

2/25/21 close: $83.46

1 Month avg volatility: $2.35. Volatility stop (for downward breakout): $89.56 or 7.3% above the close.

Change YTD: 6.71%

Volume: 134,300 shares. 3 month avg: 160,228 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: Broadening wedge, ascending reversal pattern from 02/03/2021 to 02/24/2021

Breakout is downward 73% of the time.

Average decline: 17%.

Break-even failure rate: 11%.

Pullbacks occur 57% of the time.

Price hits measure rule target 58% of the time.

Industry: Electric Utility (West)

Industry RS rank: 53 out of 59

Stock RS rank: 328 out of 575

2/25/21 close: $42.83

1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $45.70 or 6.7% above the close.

Change YTD: 0.14%

Volume: 939,000 shares. 3 month avg: 771,474 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: Rectangle bottom continuation pattern from 11/27/2020 to 02/25/2021

Breakout is downward 55% of the time.

Average decline: 14%.

Break-even failure rate: 16%.

Pullbacks occur 69% of the time.

Price hits measure rule target 50% of the time.

Industry: Insurance (Life)

Industry RS rank: 14 out of 59

Stock RS rank: 218 out of 575

2/25/21 close: $87.91

1 Month avg volatility: $2.31. Volatility stop (for upward breakout): $83.10 or 5.5% below the close.

Change YTD: 12.60%

Volume: 3,187,400 shares. 3 month avg: 1,669,805 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: Scallop, ascending continuation pattern from 01/19/2021 to 02/25/2021

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 42 out of 59

Stock RS rank: 228 out of 575

2/25/21 close: $371.45

1 Month avg volatility: $17.28. Volatility stop (for downward breakout): $429.09 or 15.5% above the close.

Change YTD: -1.98%

Volume: 1,000,300 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Human Resources

Industry RS rank: 11 out of 59

Stock RS rank: 134 out of 575

2/25/21 close: $79.39

1 Month avg volatility: $2.63. Volatility stop (for upward breakout): $73.87 or 7.0% below the close.

Change YTD: 27.06%

Volume: 1,718,400 shares. 3 month avg: 1,012,069 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: Scallop, ascending continuation pattern from 11/24/2020 to 02/25/2021

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Diversified Co.

Industry RS rank: 35 out of 59

Stock RS rank: 441 out of 575

2/25/21 close: $244.41

1 Month avg volatility: $6.33. Volatility stop (for downward breakout): $260.27 or 6.5% above the close.

Change YTD: -2.55%

Volume: 427,600 shares. 3 month avg: 805,498 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: Triangle, descending reversal pattern from 01/27/2021 to 02/25/2021

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 1 out of 59

Stock RS rank: 27 out of 575

2/25/21 close: $6.39

1 Month avg volatility: $0.39. Volatility stop (for upward breakout): $5.12 or 19.9% below the close.

Change YTD: 102.86%

Volume: 2,437,100 shares. 3 month avg: 1,275,503 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: Flag, high and tight continuation pattern from 12/29/2020 to 02/25/2021

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: Natural Gas (Distributor)

Industry RS rank: 16 out of 59

Stock RS rank: 300 out of 575

2/25/21 close: $67.94

1 Month avg volatility: $1.70. Volatility stop (for upward breakout): $64.33 or 5.3% below the close.

Change YTD: 6.09%

Volume: 279,200 shares. 3 month avg: 172,872 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: Scallop, ascending continuation pattern from 01/04/2021 to 02/25/2021

Breakout is upward 80% of the time.

Average rise: 31%.

Break-even failure rate: 10%.

Throwbacks occur 58% of the time.

Price hits measure rule target 58% of the time.

Industry: Electronics

Industry RS rank: 12 out of 59

Stock RS rank: 16 out of 575

2/25/21 close: $34.17

1 Month avg volatility: $4.57. Volatility stop (for downward breakout): $47.33 or 38.5% above the close.

Change YTD: 64.91%

Volume: 2,341,900 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 Wednesday.

 

Chart pattern: Dead-cat bounce continuation pattern from 02/23/2021 to 02/23/2021

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Computer Software and Svcs

Industry RS rank: 42 out of 59

Stock RS rank: 375 out of 575

2/25/21 close: $244.09

1 Month avg volatility: $8.47. Volatility stop (for downward breakout): $276.67 or 13.4% above the close.

Change YTD: -5.84%

Volume: 1,819,600 shares. 3 month avg: 998,728 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: Pipe top reversal pattern from 02/16/2021 to 02/16/2021

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.

Industry: Building Materials

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 25 out of 59

Stock RS rank: 278 out of 575

2/25/21 close: $89.64

1 Month avg volatility: $3.61. Volatility stop (for downward breakout): $101.35 or 13.1% above the close.

Change YTD: 7.07%

Volume: 804,000 shares. 3 month avg: 245,355 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 top reversal pattern from 02/08/2021 to 02/16/2021

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.

Industry: Financial Services

Industry RS rank: 36 out of 59

Stock RS rank: 468 out of 575

2/25/21 close: $213.75

1 Month avg volatility: $4.97. Volatility stop (for upward breakout): $202.63 or 5.2% below the close.

Change YTD: -2.28%

Volume: 11,354,700 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: Ugly double bottom reversal pattern from 01/29/2021 to 02/22/2021

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.

Industry: Shoe

Industry RS rank: 6 out of 59

Stock RS rank: 161 out of 575

2/25/21 close: $34.14

1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $39.69 or 16.3% above the close.

Change YTD: 9.25%

Volume: 637,700 shares. 3 month avg: 772,149 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: Broadening top reversal pattern from 12/11/2020 to 02/25/2021

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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My Stock Market Books Invest for Two-Comma Wealth   Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics

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