As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%	Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%
Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

Patterns for the Weekend Details

Copyright © 2023 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: Diversified Co.

Industry RS rank: 38 out of 60

Stock RS rank: 423 out of 627

9/14/23 close: $102.32

1 Month avg volatility: $2.09. Volatility stop (for downward breakout): $107.74 or 5.3% above the close.

Change YTD: -14.68%

Volume: 4,175,900 shares. 3 month avg: 3,021,471 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: Double Top, Eve and Adam reversal pattern from 08/31/2023 to 09/12/2023

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: Apparel

Industry RS rank: 46 out of 60

Stock RS rank: 229 out of 627

9/14/23 close: $15.30

1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $16.44 or 7.5% above the close.

Change YTD: 9.60%

Volume: 4,368,400 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: Pipe top reversal pattern from 08/28/2023 to 09/05/2023

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: Trucking/Transp. Leasing

Industry RS rank: 19 out of 60

Stock RS rank: 242 out of 627

9/14/23 close: $103.20

1 Month avg volatility: $3.76. Volatility stop (for downward breakout): $113.49 or 10.0% above the close.

Change YTD: 47.34%

Volume: 890,100 shares. 3 month avg: 234,063 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 Adam reversal pattern from 08/21/2023 to 09/01/2023

Breakout 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: Chemical (Specialty)

Industry RS rank: 25 out of 60

Stock RS rank: 405 out of 627

9/14/23 close: $38.03

1 Month avg volatility: $0.86. Volatility stop (for downward breakout): $39.86 or 4.8% above the close.

Change YTD: 12.65%

Volume: 415,300 shares. 3 month avg: 523,769 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 top reversal pattern from 08/28/2023 to 09/05/2023

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 (West)

Industry RS rank: 56 out of 60

Stock RS rank: 563 out of 627

9/14/23 close: $34.78

1 Month avg volatility: $0.58. Volatility stop (for upward breakout): $33.25 or 4.4% below the close.

Change YTD: -21.56%

Volume: 650,700 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 Friday.

 

Chart pattern: Horn bottom reversal pattern from 08/21/2023 to 09/05/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 9%.

Throwbacks occur 29% of the time.

Price hits measure rule target 76% of the time.

Industry: Biotechnology

Industry RS rank: 41 out of 60

Stock RS rank: 414 out of 627

9/14/23 close: $87.68

1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $96.30 or 9.8% above the close.

Change YTD: -15.28%

Volume: 1,410,700 shares. 3 month avg: 1,330,032 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: Head-and-shoulders top reversal pattern from 08/09/2023 to 09/13/2023

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Information Services

Industry RS rank: 23 out of 60

Stock RS rank: 243 out of 627

9/14/23 close: $35.23

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $37.74 or 7.1% above the close.

Change YTD: -6.45%

Volume: 544,400 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: Double Top, Adam and Eve reversal pattern from 07/31/2023 to 08/07/2023

Breakout 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: Precision Instrument

Industry RS rank: 48 out of 60

Stock RS rank: 503 out of 627

9/14/23 close: $67.45

1 Month avg volatility: $1.62. Volatility stop (for upward breakout): $61.49 or 8.8% below the close.

Change YTD: -1.32%

Volume: 2,167,200 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 Bottom, Eve and Eve reversal pattern from 08/24/2023 to 09/11/2023

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: Telecom. Equipment

Industry RS rank: 57 out of 60

Stock RS rank: 595 out of 627

9/14/23 close: $8.81

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $9.47 or 7.5% above the close.

Change YTD: -27.43%

Volume: 110,900 shares. 3 month avg: 255,535 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, Eve and Adam reversal pattern from 07/26/2023 to 08/31/2023

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: Cement and Aggregates

Industry RS rank: 2 out of 60

Stock RS rank: 56 out of 627

9/14/23 close: $177.96

1 Month avg volatility: $4.30. Volatility stop (for downward breakout): $188.14 or 5.7% above the close.

Change YTD: 33.96%

Volume: 294,600 shares. 3 month avg: 553,088 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: Pipe top reversal pattern from 08/28/2023 to 09/05/2023

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 (East)

Industry RS rank: 51 out of 60

Stock RS rank: 412 out of 627

9/14/23 close: $41.84

1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $40.20 or 3.9% below the close.

Change YTD: -3.22%

Volume: 3,742,000 shares. 3 month avg: 5,244,875 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: Broadening bottom reversal pattern from 08/08/2023 to 09/13/2023

Breakout 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 (Life)

Industry RS rank: 14 out of 60

Stock RS rank: 368 out of 627

9/14/23 close: $110.84

1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $113.76 or 2.6% above the close.

Change YTD: -8.05%

Volume: 478,900 shares. 3 month avg: 643,200 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: Double Top, Eve and Adam reversal pattern from 07/24/2023 to 08/07/2023

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: Securities Brokerage

Industry RS rank: 49 out of 60

Stock RS rank: 276 out of 627

9/14/23 close: $344.57

1 Month avg volatility: $5.84. Volatility stop (for upward breakout): $325.18 or 5.6% below the close.

Change YTD: 0.35%

Volume: 2,752,500 shares. 3 month avg: 2,673,269 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: Double Bottom, Eve and Adam reversal pattern from 08/23/2023 to 09/06/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 523 out of 627

9/14/23 close: $111.05

1 Month avg volatility: $1.89. Volatility stop (for upward breakout): $105.20 or 5.3% below the close.

Change YTD: -17.82%

Volume: 280,900 shares. 3 month avg: 179,998 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: Double Bottom, Eve and Adam reversal pattern from 08/24/2023 to 09/11/2023

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: Telecom. Equipment

Industry RS rank: 57 out of 60

Stock RS rank: 579 out of 627

9/14/23 close: $9.89

1 Month avg volatility: $0.30. Volatility stop (for downward breakout): $10.52 or 6.4% above the close.

Change YTD: -24.50%

Volume: 1,791,800 shares. 3 month avg: 585,235 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 08/18/2023 to 08/31/2023

WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/31/2023 and a 38% chance by 01/30/2024.

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: Retail Building Supply

Industry RS rank: 18 out of 60

Stock RS rank: 237 out of 627

9/14/23 close: $329.63

1 Month avg volatility: $4.47. Volatility stop (for downward breakout): $339.24 or 2.9% above the close.

Change YTD: 4.36%

Volume: 2,691,600 shares. 3 month avg: 4,416,295 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: Diamond top reversal pattern from 07/27/2023 to 09/14/2023

Breakout 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: Trucking/Transp. Leasing

Industry RS rank: 19 out of 60

Stock RS rank: 434 out of 627

9/14/23 close: $81.95

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $76.75 or 6.3% below the close.

Change YTD: 3.09%

Volume: 278,400 shares. 3 month avg: 343,494 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: Double Bottom, Adam and Eve reversal pattern from 08/23/2023 to 09/05/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Human Resources

Industry RS rank: 54 out of 60

Stock RS rank: 564 out of 627

9/14/23 close: $98.04

1 Month avg volatility: $1.88. Volatility stop (for downward breakout): $101.84 or 3.9% above the close.

Change YTD: -13.70%

Volume: 249,100 shares. 3 month avg: 131,942 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, Eve and Eve reversal pattern from 08/16/2023 to 08/31/2023

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: Metals and Mining (Div.)

Industry RS rank: 40 out of 60

Stock RS rank: 137 out of 627

9/14/23 close: $80.60

1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $73.30 or 9.1% below the close.

Change YTD: 6.11%

Volume: 80,400 shares. 3 month avg: 141,669 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: Double Bottom, Adam and Adam reversal pattern from 08/25/2023 to 09/07/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Food Processing

Industry RS rank: 58 out of 60

Stock RS rank: 527 out of 627

9/14/23 close: $171.93

1 Month avg volatility: $3.91. Volatility stop (for upward breakout): $158.30 or 7.9% below the close.

Change YTD: -12.86%

Volume: 194,500 shares. 3 month avg: 112,417 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, Adam and Eve reversal pattern from 08/23/2023 to 09/08/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 182 out of 627

9/14/23 close: $64.54

1 Month avg volatility: $0.70. Volatility stop (for upward breakout): $62.67 or 2.9% below the close.

Change YTD: 10.65%

Volume: 955,600 shares. 3 month avg: 964,671 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 Adam reversal pattern from 08/22/2023 to 09/06/2023

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: Semiconductor

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

Industry RS rank: 7 out of 60

Stock RS rank: 208 out of 627

9/14/23 close: $80.01

1 Month avg volatility: $2.44. Volatility stop (for downward breakout): $85.33 or 6.7% above the close.

Change YTD: 27.04%

Volume: 318,800 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 08/28/2023 to 09/05/2023

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: IT Services

Industry RS rank: 11 out of 60

Stock RS rank: 29 out of 627

9/14/23 close: $202.88

1 Month avg volatility: $4.55. Volatility stop (for upward breakout): $188.32 or 7.2% below the close.

Change YTD: 67.12%

Volume: 454,200 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: Triple bottom reversal pattern from 07/26/2023 to 08/18/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Building Materials

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

Industry RS rank: 17 out of 60

Stock RS rank: 264 out of 627

9/14/23 close: $55.88

1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $58.54 or 4.8% above the close.

Change YTD: 19.73%

Volume: 1,363,400 shares. 3 month avg: 2,351,771 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 08/28/2023 to 09/05/2023

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: Securities Brokerage

Industry RS rank: 49 out of 60

Stock RS rank: 355 out of 627

9/14/23 close: $89.07

1 Month avg volatility: $1.45. Volatility stop (for upward breakout): $85.03 or 4.5% below the close.

Change YTD: 4.76%

Volume: 8,082,900 shares. 3 month avg: 7,185,892 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 Bottom, Eve and Eve reversal pattern from 08/25/2023 to 09/12/2023

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: Oilfield Svcs/Equipment

Industry RS rank: 10 out of 60

Stock RS rank: 207 out of 627

9/14/23 close: $135.90

1 Month avg volatility: $4.44. Volatility stop (for upward breakout): $123.76 or 8.9% below the close.

Change YTD: -12.25%

Volume: 185,900 shares. 3 month avg: 10,861,705 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: Three Rising Valleys reversal pattern from 05/31/2023 to 08/23/2023

Breakout is upward 100% of the time.

Average rise: 41%.

Break-even failure rate: 5%.

Throwbacks occur 60% of the time.

Price hits measure rule target 58% of the time.

Industry: Electric Utility (Central)

Industry RS rank: 52 out of 60

Stock RS rank: 422 out of 627

9/14/23 close: $27.74

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $26.77 or 3.5% below the close.

Change YTD: 1.17%

Volume: 3,139,000 shares. 3 month avg: 3,688,512 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: Double Bottom, Eve and Adam reversal pattern from 08/15/2023 to 09/06/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 226 out of 627

9/14/23 close: $27.66

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $27.00 or 2.4% below the close.

Change YTD: 14.53%

Volume: 1,498,600 shares. 3 month avg: 1,253,378 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 08/22/2023 to 09/06/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 5 out of 60

Stock RS rank: 48 out of 627

9/14/23 close: $113.66

1 Month avg volatility: $3.25. Volatility stop (for downward breakout): $121.63 or 7.0% above the close.

Change YTD: 40.16%

Volume: 19,730,200 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: Big M reversal pattern from 06/15/2023 to 09/11/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 11%.

Pullbacks occur 63% of the time.

Price hits measure rule target 57% of the time.

Industry: Financial Services

Industry RS rank: 28 out of 60

Stock RS rank: 535 out of 627

9/14/23 close: $64.44

1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $60.55 or 6.0% below the close.

Change YTD: -9.52%

Volume: 14,399,400 shares. 3 month avg: 21,592,165 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: Ugly double bottom reversal pattern from 08/18/2023 to 09/08/2023

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: Insurance (Life)

Industry RS rank: 14 out of 60

Stock RS rank: 223 out of 627

9/14/23 close: $144.15

1 Month avg volatility: $2.51. Volatility stop (for upward breakout): $137.38 or 4.7% below the close.

Change YTD: 1.45%

Volume: 305,500 shares. 3 month avg: 326,800 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 08/21/2023 to 09/05/2023

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: Furn/Home Furnishings

Industry RS rank: 50 out of 60

Stock RS rank: 131 out of 627

9/14/23 close: $8.91

1 Month avg volatility: $0.22. Volatility stop (for downward breakout): $9.35 or 5.0% above the close.

Change YTD: 26.03%

Volume: 452,700 shares. 3 month avg: 708,518 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: Broadening top, right-angled and ascending reversal pattern from 08/08/2023 to 09/11/2023

Breakout is downward 66% of the time.

Average decline: 15%.

Break-even failure rate: 20%.

Pullbacks occur 65% of the time.

Price hits measure rule target 32% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 420 out of 627

9/14/23 close: $165.96

1 Month avg volatility: $2.19. Volatility stop (for upward breakout): $159.87 or 3.7% below the close.

Change YTD: -11.48%

Volume: 1,222,300 shares. 3 month avg: 1,525,757 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: Triple bottom reversal pattern from 08/22/2023 to 09/08/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Building Materials

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

Industry RS rank: 17 out of 60

Stock RS rank: 45 out of 627

9/14/23 close: $66.90

1 Month avg volatility: $1.94. Volatility stop (for downward breakout): $70.90 or 6.0% above the close.

Change YTD: 58.04%

Volume: 724,100 shares. 3 month avg: 245,355 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: Head-and-shoulders complex top reversal pattern from 07/18/2023 to 09/01/2023

Breakout 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: E-Commerce

Industry RS rank: 9 out of 60

Stock RS rank: 385 out of 627

9/14/23 close: $64.62

1 Month avg volatility: $2.02. Volatility stop (for upward breakout): $60.08 or 7.0% below the close.

Change YTD: 31.99%

Volume: 1,719,800 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 Bottom, Adam and Adam reversal pattern from 08/08/2023 to 08/18/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Apparel

Industry RS rank: 46 out of 60

Stock RS rank: 554 out of 627

9/14/23 close: $18.11

1 Month avg volatility: $0.66. Volatility stop (for downward breakout): $19.49 or 7.6% above the close.

Change YTD: -34.41%

Volume: 9,256,600 shares. 3 month avg: 2,795,366 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: Head-and-shoulders top reversal pattern from 07/19/2023 to 09/01/2023

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

 

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