As of 05/14/2024   Indus: 39,558 +126.60 +0.3%     Trans: 15,563 -65.99 -0.4%     Utils: 940 -0.54 -0.1%     Nasdaq: 16,511 +122.94 +0.8%     S&P 500: 5,247 +25.26 +0.5%	YTD  +5.0%   -2.1%    +6.7%    +10.0%    +10.0%	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 05/14/2024   Indus: 39,558 +126.60 +0.3%     Trans: 15,563 -65.99 -0.4%     Utils: 940 -0.54 -0.1%     Nasdaq: 16,511 +122.94 +0.8%     S&P 500: 5,247 +25.26 +0.5%	YTD  +5.0%   -2.1%    +6.7%    +10.0%    +10.0%
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: Aerospace/Defense

Industry RS rank: 38 out of 60

Stock RS rank: 597 out of 627

9/21/23 close: $27.87

1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $26.08 or 6.4% below the close.

Change YTD: -38.71%

Volume: 5,467,200 shares. 3 month avg: 8,355,648 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: Triangle, symmetrical continuation pattern from 08/25/2023 to 09/21/2023

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: Drug

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

Industry RS rank: 17 out of 60

Stock RS rank: 167 out of 627

9/21/23 close: $29.71

1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $27.55 or 7.3% below the close.

Change YTD: 13.70%

Volume: 1,350,100 shares. 3 month avg: 949,792 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 08/21/2023 to 08/28/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Internet

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

Industry RS rank: 6 out of 60

Stock RS rank: 40 out of 627

9/21/23 close: $129.33

1 Month avg volatility: $3.09. Volatility stop (for downward breakout): $138.43 or 7.0% above the close.

Change YTD: 53.96%

Volume: 68,129,000 shares. 3 month avg: 3,583,803 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: Double Top, Adam and Adam reversal pattern from 08/04/2023 to 09/14/2023

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: Petroleum (Producing)

Industry RS rank: 5 out of 60

Stock RS rank: 143 out of 627

9/21/23 close: $40.14

1 Month avg volatility: $1.17. Volatility stop (for downward breakout): $43.78 or 9.1% above the close.

Change YTD: -14.01%

Volume: 3,011,500 shares. 3 month avg: 7,966,826 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: Double Top, Eve and Adam reversal pattern from 08/11/2023 to 09/05/2023

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: Packaging and Container

Industry RS rank: 30 out of 60

Stock RS rank: 255 out of 627

9/21/23 close: $122.22

1 Month avg volatility: $1.98. Volatility stop (for downward breakout): $128.31 or 5.0% above the close.

Change YTD: 11.13%

Volume: 335,700 shares. 3 month avg: 241,254 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: 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: 212 out of 627

9/21/23 close: $238.72

1 Month avg volatility: $2.92. Volatility stop (for downward breakout): $248.94 or 4.3% above the close.

Change YTD: -0.06%

Volume: 1,236,300 shares. 3 month avg: 2,140,888 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: Triple top reversal pattern from 07/27/2023 to 09/01/2023

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Electric Utility (West)

Industry RS rank: 54 out of 60

Stock RS rank: 551 out of 627

9/21/23 close: $33.94

1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $32.87 or 3.2% below the close.

Change YTD: -23.46%

Volume: 603,300 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: Double Bottom, Eve and Adam reversal pattern from 08/24/2023 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: Industrial Services

Industry RS rank: 14 out of 60

Stock RS rank: 103 out of 627

9/21/23 close: $73.61

1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $76.91 or 4.5% above the close.

Change YTD: 37.05%

Volume: 192,900 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 Eve reversal pattern from 08/30/2023 to 09/15/2023

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: Retail Building Supply

Industry RS rank: 19 out of 60

Stock RS rank: 16 out of 627

9/21/23 close: $121.02

1 Month avg volatility: $5.35. Volatility stop (for downward breakout): $135.71 or 12.1% above the close.

Change YTD: 86.53%

Volume: 2,502,600 shares. 3 month avg: 1,257,223 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 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.

Industry: Biotechnology

Industry RS rank: 32 out of 60

Stock RS rank: 99 out of 627

9/21/23 close: $184.93

1 Month avg volatility: $2.80. Volatility stop (for upward breakout): $176.42 or 4.6% below the close.

Change YTD: 11.60%

Volume: 1,810,000 shares. 3 month avg: 798,808 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, Adam and Adam reversal pattern from 09/06/2023 to 09/12/2023

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: Information Services

Industry RS rank: 23 out of 60

Stock RS rank: 412 out of 627

9/21/23 close: $65.99

1 Month avg volatility: $1.52. Volatility stop (for downward breakout): $70.76 or 7.2% above the close.

Change YTD: 2.87%

Volume: 2,008,900 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 Top, Eve and Eve reversal pattern from 08/09/2023 to 09/12/2023

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: Industrial Services

Industry RS rank: 14 out of 60

Stock RS rank: 160 out of 627

9/21/23 close: $504.43

1 Month avg volatility: $6.27. Volatility stop (for upward breakout): $491.81 or 2.5% below the close.

Change YTD: 11.69%

Volume: 366,200 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: Cup with handle continuation pattern from 07/26/2023 to 09/14/2023

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 5%.

Throwbacks occur 58% of the time.

Price hits measure rule target 50% of the time.

Industry: Household Products

Industry RS rank: 41 out of 60

Stock RS rank: 344 out of 627

9/21/23 close: $73.22

1 Month avg volatility: $0.94. Volatility stop (for downward breakout): $75.85 or 3.6% above the close.

Change YTD: -7.07%

Volume: 3,314,400 shares. 3 month avg: 3,441,685 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 Top, Eve and Adam reversal pattern from 06/20/2023 to 07/27/2023

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: Toiletries/Cosmetics

Industry RS rank: 60 out of 60

Stock RS rank: 247 out of 627

9/21/23 close: $12.27

1 Month avg volatility: $0.35. Volatility stop (for upward breakout): $11.10 or 9.5% below the close.

Change YTD: 43.34%

Volume: 5,320,700 shares. 3 month avg: 5,764,371 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: Triangle, symmetrical continuation pattern from 08/10/2023 to 09/14/2023

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: Natural Gas (Diversified)

Industry RS rank: 20 out of 60

Stock RS rank: 415 out of 627

9/21/23 close: $46.41

1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $50.30 or 8.4% above the close.

Change YTD: -24.55%

Volume: 13,717,100 shares. 3 month avg: 4,704,349 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 Top, Eve and Adam reversal pattern from 07/31/2023 to 09/05/2023

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: None

Industry RS rank: 9 out of 60

9/21/23 close: $34,070.42

1 Month avg volatility: $285.19. Volatility stop (for downward breakout): $34,948.68 or 2.6% above the close.

Change YTD: 2.79%

Volume: 0 shares. Could not calculate the 3 month avg volume.

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 09/14/2023

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: Natural Gas (Distributor)

Industry RS rank: 43 out of 60

Stock RS rank: 157 out of 627

9/21/23 close: $122.59

1 Month avg volatility: $2.87. Volatility stop (for downward breakout): $132.52 or 8.1% above the close.

Change YTD: -5.35%

Volume: 3,611,800 shares. 3 month avg: 2,618,102 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: Double Top, Adam and Eve reversal pattern from 08/04/2023 to 09/14/2023

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: Natural Gas (Diversified)

Industry RS rank: 20 out of 60

Stock RS rank: 37 out of 627

9/21/23 close: $38.74

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $42.20 or 8.9% above the close.

Change YTD: 14.51%

Volume: 6,293,100 shares. 3 month avg: 3,960,946 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: Head-and-shoulders top reversal pattern from 08/09/2023 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.

Industry: Metals and Mining (Div.)

Industry RS rank: 46 out of 60

Stock RS rank: 402 out of 627

9/21/23 close: $37.23

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $39.69 or 6.6% above the close.

Change YTD: -2.03%

Volume: 12,874,500 shares. 3 month avg: 11,955,349 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: Head-and-shoulders complex top reversal pattern from 06/14/2023 to 09/14/2023

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: Building Materials

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

Industry RS rank: 13 out of 60

Stock RS rank: 113 out of 627

9/21/23 close: $31.92

1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $33.77 or 5.8% above the close.

Change YTD: 15.99%

Volume: 43,200 shares. 3 month avg: 163,711 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 09/05/2023 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: Toiletries/Cosmetics

Industry RS rank: 60 out of 60

Stock RS rank: 314 out of 627

9/21/23 close: $143.63

1 Month avg volatility: $3.55. Volatility stop (for upward breakout): $134.82 or 6.1% below the close.

Change YTD: 48.81%

Volume: 114,500 shares. 3 month avg: 108,312 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 bottom reversal pattern from 09/05/2023 to 09/11/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 12 out of 60

Stock RS rank: 140 out of 627

9/21/23 close: $446.92

1 Month avg volatility: $12.53. Volatility stop (for downward breakout): $475.49 or 6.4% above the close.

Change YTD: 18.54%

Volume: 1,055,000 shares. 3 month avg: 1,563,420 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 07/31/2023 to 09/06/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 233 out of 627

9/21/23 close: $113.13

1 Month avg volatility: $2.96. Volatility stop (for downward breakout): $120.58 or 6.6% above the close.

Change YTD: 25.01%

Volume: 2,926,700 shares. 3 month avg: 3,465,638 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: Double Top, Adam and Adam reversal pattern from 09/01/2023 to 09/11/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 17 out of 627

9/21/23 close: $86.50

1 Month avg volatility: $3.22. Volatility stop (for downward breakout): $93.81 or 8.5% above the close.

Change YTD: 87.31%

Volume: 280,700 shares. 3 month avg: 297,328 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: Triple top reversal pattern from 07/31/2023 to 08/16/2023

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 42 out of 60

Stock RS rank: 395 out of 627

9/21/23 close: $20.35

1 Month avg volatility: $0.62. Volatility stop (for upward breakout): $18.36 or 9.8% below the close.

Change YTD: -3.14%

Volume: 1,014,000 shares. 3 month avg: 361,806 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: Pipe bottom reversal pattern from 09/05/2023 to 09/11/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Precision Instrument

Industry RS rank: 52 out of 60

Stock RS rank: 431 out of 627

9/21/23 close: $142.04

1 Month avg volatility: $3.97. Volatility stop (for downward breakout): $154.26 or 8.6% above the close.

Change YTD: 4.54%

Volume: 282,900 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: Packaging and Container

Industry RS rank: 30 out of 60

Stock RS rank: 174 out of 627

9/21/23 close: $149.81

1 Month avg volatility: $2.15. Volatility stop (for upward breakout): $145.38 or 3.0% below the close.

Change YTD: 17.12%

Volume: 442,400 shares. 3 month avg: 777,560 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: Double Bottom, Eve and Eve reversal pattern from 08/24/2023 to 09/06/2023

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: Household Products

Industry RS rank: 41 out of 60

Stock RS rank: 290 out of 627

9/21/23 close: $152.14

1 Month avg volatility: $1.70. Volatility stop (for upward breakout): $148.67 or 2.3% below the close.

Change YTD: 0.38%

Volume: 5,088,100 shares. 3 month avg: 7,163,346 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: Diamond bottom reversal pattern from 08/23/2023 to 09/21/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 33 out of 627

9/21/23 close: $73.90

1 Month avg volatility: $2.34. Volatility stop (for downward breakout): $79.95 or 8.2% above the close.

Change YTD: 62.31%

Volume: 2,871,100 shares. 3 month avg: 4,812,565 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: Double Top, Eve and Eve reversal pattern from 07/27/2023 to 08/08/2023

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: Petroleum (Producing)

Industry RS rank: 5 out of 60

Stock RS rank: 71 out of 627

9/21/23 close: $29.98

1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $32.32 or 7.8% above the close.

Change YTD: 19.82%

Volume: 2,059,500 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: Triple top reversal pattern from 08/09/2023 to 09/14/2023

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 46 out of 60

Stock RS rank: 478 out of 627

9/21/23 close: $113.41

1 Month avg volatility: $2.14. Volatility stop (for upward breakout): $108.57 or 4.3% below the close.

Change YTD: 1.20%

Volume: 417,200 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: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Trucking/Transp. Leasing

Industry RS rank: 15 out of 60

Stock RS rank: 19 out of 627

9/21/23 close: $390.08

1 Month avg volatility: $12.95. Volatility stop (for downward breakout): $419.85 or 7.6% above the close.

Change YTD: 86.04%

Volume: 339,400 shares. 3 month avg: 163,825 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: Head-and-shoulders top reversal pattern from 07/31/2023 to 09/07/2023

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: Chemical (Basic)

Industry RS rank: 37 out of 60

Stock RS rank: 101 out of 627

9/21/23 close: $254.38

1 Month avg volatility: $4.13. Volatility stop (for downward breakout): $266.39 or 4.7% above the close.

Change YTD: 7.18%

Volume: 1,088,500 shares. 3 month avg: 564,294 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: Three Falling Peaks reversal pattern from 07/27/2023 to 09/01/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 42 out of 60

Stock RS rank: 12 out of 627

9/21/23 close: $10.75

1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $9.82 or 8.7% below the close.

Change YTD: 52.05%

Volume: 2,256,400 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 Tuesday.

 

Chart pattern: Triple bottom reversal pattern from 08/08/2023 to 09/11/2023

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: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 54 out of 627

9/21/23 close: $73.63

1 Month avg volatility: $2.34. Volatility stop (for downward breakout): $79.80 or 8.4% above the close.

Change YTD: 47.50%

Volume: 2,976,300 shares. 3 month avg: 2,237,614 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: Double Top, Eve and Adam reversal pattern from 07/14/2023 to 09/01/2023

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: Aerospace/Defense

Industry RS rank: 38 out of 60

Stock RS rank: 105 out of 627

9/21/23 close: $842.83

1 Month avg volatility: $15.48. Volatility stop (for downward breakout): $884.72 or 5.0% above the close.

Change YTD: 33.86%

Volume: 226,900 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: Medical Services

Industry RS rank: 36 out of 60

Stock RS rank: 293 out of 627

9/21/23 close: $501.14

1 Month avg volatility: $7.70. Volatility stop (for upward breakout): $477.68 or 4.7% below the close.

Change YTD: -5.48%

Volume: 4,696,200 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 09/01/2023 to 09/19/2023

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: Precision Instrument

Industry RS rank: 52 out of 60

Stock RS rank: 53 out of 627

9/21/23 close: $26.26

1 Month avg volatility: $0.82. Volatility stop (for downward breakout): $28.26 or 7.6% above the close.

Change YTD: 41.33%

Volume: 203,000 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: Pipe top reversal pattern from 08/07/2023 to 08/14/2023

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: Chemical (Basic)

Industry RS rank: 37 out of 60

Stock RS rank: 190 out of 627

9/21/23 close: $121.03

1 Month avg volatility: $2.65. Volatility stop (for downward breakout): $128.22 or 5.9% above the close.

Change YTD: 18.03%

Volume: 438,500 shares. 3 month avg: 812,517 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: Three Falling Peaks reversal pattern from 07/28/2023 to 09/18/2023

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Homebuilding

Industry RS rank: 1 out of 60

Stock RS rank: 148 out of 627

9/21/23 close: $78.76

1 Month avg volatility: $1.68. Volatility stop (for upward breakout): $75.07 or 4.7% below the close.

Change YTD: 29.96%

Volume: 7,233,000 shares. 3 month avg: 2,388,375 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, ascending reversal pattern from 07/20/2023 to 08/16/2023

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."

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

My Novels Training "Miles"   Bumper's Story Head's Law Remember Me

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 registered trademarks of their respective owners.

Home Advertise Contact Donate Privacy/Disclaimer ☰