As of 05/10/2024
  Indus: 39,513 +125.08 +0.3%  
  Trans: 15,597 +84.96 +0.5%  
  Utils: 942 -0.84 -0.1%  
  Nasdaq: 16,341 -5.39 0.0%  
  S&P 500: 5,223 +8.60 +0.2%  
YTD
 +4.8%  
-1.9%  
 +6.9%  
 +8.9%  
 +9.5%  
  Targets    Overview: 04/29/2024  
  Up arrow39,950 or 38,500 by 06/01/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024
As of 05/10/2024
  Indus: 39,513 +125.08 +0.3%  
  Trans: 15,597 +84.96 +0.5%  
  Utils: 942 -0.84 -0.1%  
  Nasdaq: 16,341 -5.39 0.0%  
  S&P 500: 5,223 +8.60 +0.2%  
YTD
 +4.8%  
-1.9%  
 +6.9%  
 +8.9%  
 +9.5%  
  Targets    Overview: 04/29/2024  
  Up arrow39,950 or 38,500 by 06/01/2024
  Up arrow15,820 or 14,600 by 05/15/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow16,700 or 15,200 by 05/15/2024
  Up arrow5,250 or 4,850 by 05/15/2024

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.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns.
 
Advanced Energy (AEIS)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 13 out of 60
Stock RS rank: 250 out of 627
9/28/23 close: $102.36
1 Month avg volatility: $3.28. Volatility stop (for downward breakout): $110.56 or 8.0% above the close.
Change YTD: 19.33%
Volume: 297,500 shares. 3 month avg: 447,252 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: Head-and-shoulders top reversal pattern from 07/18/2023 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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Apogee Enterprises (APOG)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 60
Stock RS rank: 154 out of 627
9/28/23 close: $48.36
1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $51.21 or 5.9% above the close.
Change YTD: 8.77%
Volume: 253,900 shares. 3 month avg: 243,183 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: Double Top, Adam and Adam reversal pattern from 09/01/2023 to 09/19/2023
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.

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Apple Inc. (AAPL)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 43 out of 60
Stock RS rank: 257 out of 627
9/28/23 close: $170.69
1 Month avg volatility: $3.44. Volatility stop (for downward breakout): $178.91 or 4.8% above the close.
Change YTD: 31.37%
Volume: 56,139,600 shares. 3 month avg: 27,687,312 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 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.

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ArcBest Corp (ARCB)
Industry: Trucking/Transp. Leasing
Industry RS rank: 11 out of 60
Stock RS rank: 165 out of 627
9/28/23 close: $102.49
1 Month avg volatility: $3.56. Volatility stop (for upward breakout): $92.81 or 9.5% below the close.
Change YTD: 46.33%
Volume: 278,700 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: Triangle, symmetrical continuation pattern from 09/12/2023 to 09/28/2023
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.

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Avista (AVA)
Industry: Electric Utility (West)
Industry RS rank: 58 out of 60
Stock RS rank: 569 out of 627
9/28/23 close: $32.10
1 Month avg volatility: $0.55. Volatility stop (for downward breakout): $33.56 or 4.5% above the close.
Change YTD: -27.60%
Volume: 1,038,800 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: Pipe top reversal pattern from 09/11/2023 to 09/18/2023
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.

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Bunge Ltd (BG)
Industry: Food Processing
Industry RS rank: 57 out of 60
Stock RS rank: 151 out of 627
9/28/23 close: $110.61
1 Month avg volatility: $1.89. Volatility stop (for downward breakout): $114.91 or 3.9% above the close.
Change YTD: 10.86%
Volume: 971,400 shares. 3 month avg: 1,268,517 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 08/07/2023 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.

Top

Centerpoint Energy (CNP)
Industry: Electric Utility (Central)
Industry RS rank: 54 out of 60
Stock RS rank: 462 out of 627
9/28/23 close: $26.70
1 Month avg volatility: $0.42. Volatility stop (for downward breakout): $28.14 or 5.4% above the close.
Change YTD: -10.97%
Volume: 4,803,700 shares. 3 month avg: 2,845,400 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: Pipe top reversal pattern from 09/11/2023 to 09/18/2023
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.

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Cintas Corp (CTAS)
Industry: Industrial Services
Industry RS rank: 20 out of 60
Stock RS rank: 278 out of 627
9/28/23 close: $483.89
1 Month avg volatility: $7.35. Volatility stop (for downward breakout): $503.66 or 4.1% above the close.
Change YTD: 7.15%
Volume: 564,700 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: Pipe top reversal pattern from 09/11/2023 to 09/18/2023
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.

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Cognizant Technology Solutions Corp (CTSH)
Industry: IT Services
Industry RS rank: 15 out of 60
Stock RS rank: 152 out of 627
9/28/23 close: $67.84
1 Month avg volatility: $0.94. Volatility stop (for downward breakout): $70.14 or 3.4% above the close.
Change YTD: 18.62%
Volume: 4,172,900 shares. 3 month avg: 3,250,685 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 Top, Adam and Eve reversal pattern from 08/07/2023 to 09/01/2023
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.

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Colgate-Palmolive Co (CL)
Industry: Household Products
Industry RS rank: 48 out of 60
Stock RS rank: 386 out of 627
9/28/23 close: $71.31
1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $68.97 or 3.3% below the close.
Change YTD: -9.49%
Volume: 3,364,000 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: Triangle, symmetrical continuation pattern from 09/06/2023 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.

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Crane Co (CR)
Industry: Diversified Co.
Industry RS rank: 40 out of 60
Stock RS rank: 556 out of 627
9/28/23 close: $89.31
1 Month avg volatility: $1.89. Volatility stop (for upward breakout): $83.74 or 6.2% below the close.
Change YTD: -11.09%
Volume: 256,600 shares. 3 month avg: 293,374 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: Triangle, symmetrical continuation pattern from 07/28/2023 to 09/28/2023
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.

Top

Emerson Electric (EMR)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 43 out of 60
Stock RS rank: 147 out of 627
9/28/23 close: $97.01
1 Month avg volatility: $1.47. Volatility stop (for downward breakout): $100.59 or 3.7% above the close.
Change YTD: 0.99%
Volume: 1,815,800 shares. 3 month avg: 3,118,612 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, Adam and Adam reversal pattern from 09/12/2023 to 09/18/2023
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.

Top

Fortive Corp (FTV)
Industry: Industrial Services
Industry RS rank: 20 out of 60
Stock RS rank: 204 out of 627
9/28/23 close: $74.37
1 Month avg volatility: $1.25. Volatility stop (for downward breakout): $77.58 or 4.3% above the close.
Change YTD: 15.75%
Volume: 1,147,900 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 Top, Eve and Eve reversal pattern from 08/10/2023 to 09/01/2023
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.

Top

Franco-Nevada Corp (FNV)
Industry: Metals and Mining (Div.)
Industry RS rank: 47 out of 60
Stock RS rank: 437 out of 627
9/28/23 close: $133.83
1 Month avg volatility: $2.55. Volatility stop (for downward breakout): $139.10 or 3.9% above the close.
Change YTD: -1.70%
Volume: 398,000 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, Eve and Eve reversal pattern from 09/01/2023 to 09/15/2023
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.

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Freeport-McMoRan Copper and Gold B (FCX)
Industry: Metals and Mining (Div.)
Industry RS rank: 47 out of 60
Stock RS rank: 401 out of 627
9/28/23 close: $37.33
1 Month avg volatility: $0.86. Volatility stop (for downward breakout): $39.21 or 5.0% above the close.
Change YTD: -1.76%
Volume: 10,310,500 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: Double Top, Adam and Adam reversal pattern from 09/01/2023 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.

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Global Payments Inc (GPN)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 177 out of 627
9/28/23 close: $116.10
1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $121.26 or 4.4% above the close.
Change YTD: 16.89%
Volume: 1,114,500 shares. 3 month avg: 1,112,569 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 08/10/2023 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.

Top

Goldman Sachs Group, The (GS)
Industry: Securities Brokerage
Industry RS rank: 52 out of 60
Stock RS rank: 312 out of 627
9/28/23 close: $325.20
1 Month avg volatility: $5.81. Volatility stop (for downward breakout): $338.45 or 4.1% above the close.
Change YTD: -5.29%
Volume: 1,321,900 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: Pipe top reversal pattern from 09/11/2023 to 09/18/2023
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.

Top

Henry Schein Inc. (HSIC)
Industry: Medical Supplies
Industry RS rank: 55 out of 60
Stock RS rank: 427 out of 627
9/28/23 close: $74.25
1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $71.04 or 4.3% below the close.
Change YTD: -7.04%
Volume: 813,500 shares. 3 month avg: 2,211,905 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: Broadening bottom reversal pattern from 09/06/2023 to 09/25/2023
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.

Top

Hologic Inc (HOLX)
Industry: Medical Supplies
Industry RS rank: 55 out of 60
Stock RS rank: 495 out of 627
9/28/23 close: $70.05
1 Month avg volatility: $1.09. Volatility stop (for downward breakout): $72.54 or 3.6% above the close.
Change YTD: -6.36%
Volume: 2,531,100 shares. 3 month avg: 3,130,522 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, Adam and Adam reversal pattern from 08/23/2023 to 08/30/2023
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.

Top

Lam Research Corp (LRCX)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 8 out of 60
Stock RS rank: 82 out of 627
9/28/23 close: $627.52
1 Month avg volatility: $17.11. Volatility stop (for downward breakout): $664.75 or 5.9% above the close.
Change YTD: 49.30%
Volume: 1,173,200 shares. 3 month avg: 2,565,394 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 Top, Eve and Eve reversal pattern from 07/31/2023 to 09/01/2023
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.

Top

Leidos Holdings Inc (LDOS)
Industry: IT Services
Industry RS rank: 15 out of 60
Stock RS rank: 320 out of 627
9/28/23 close: $92.14
1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $94.92 or 3.0% above the close.
Change YTD: -12.41%
Volume: 366,600 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, Adam and Adam reversal pattern from 08/01/2023 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.

Top

Lowes Companies, Inc (LOW)
Industry: Retail Building Supply
Industry RS rank: 16 out of 60
Stock RS rank: 235 out of 627
9/28/23 close: $207.78
1 Month avg volatility: $3.51. Volatility stop (for downward breakout): $217.42 or 4.6% above the close.
Change YTD: 4.29%
Volume: 2,351,000 shares. 3 month avg: 6,401,252 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 07/27/2023 to 09/07/2023
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.

Top

Manhattan Associates (MANH)
Industry: IT Services
Industry RS rank: 15 out of 60
Stock RS rank: 33 out of 627
9/28/23 close: $197.17
1 Month avg volatility: $4.81. Volatility stop (for downward breakout): $207.59 or 5.3% above the close.
Change YTD: 62.41%
Volume: 271,000 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: Head-and-shoulders top reversal pattern from 08/31/2023 to 09/20/2023
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.

Top

MarketAxess Holdings (MKTX)
Industry: Securities Brokerage
Industry RS rank: 52 out of 60
Stock RS rank: 618 out of 627
9/28/23 close: $209.43
1 Month avg volatility: $6.54. Volatility stop (for upward breakout): $186.92 or 10.8% below the close.
Change YTD: -24.91%
Volume: 584,900 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 09/07/2023 to 09/20/2023
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.

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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 6 out of 60
Stock RS rank: 1 out of 627
9/28/23 close: $11.78
1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $9.82 or 16.6% below the close.
Change YTD: 89.39%
Volume: 1,129,200 shares. 3 month avg: 303,508 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: Flag, high and tight continuation pattern from 08/17/2023 to 09/28/2023
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.

Top

Mosaic Co (MOS)
Industry: Chemical (Diversified)
Industry RS rank: 49 out of 60
Stock RS rank: 562 out of 627
9/28/23 close: $35.84
1 Month avg volatility: $1.23. Volatility stop (for downward breakout): $38.55 or 7.6% above the close.
Change YTD: -18.30%
Volume: 2,281,400 shares. 3 month avg: 3,876,172 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: Double Top, Adam and Adam reversal pattern from 09/05/2023 to 09/20/2023
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.

Top

Mueller Industries Inc. (MLI)
Industry: Metal Fabricating
Industry RS rank: 53 out of 60
Stock RS rank: 269 out of 627
9/28/23 close: $76.37
1 Month avg volatility: $1.47. Volatility stop (for upward breakout): $73.05 or 4.3% below the close.
Change YTD: 29.44%
Volume: 408,000 shares. 3 month avg: 161,678 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 Eve reversal pattern from 09/13/2023 to 09/21/2023
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.

Top

Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 16 out of 60
Stock RS rank: 148 out of 627
9/28/23 close: $76.24
1 Month avg volatility: $2.09. Volatility stop (for downward breakout): $81.06 or 6.3% above the close.
Change YTD: 25.81%
Volume: 136,000 shares. 3 month avg: 94,083 shares.
This security may be thinly traded (less than 100k 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: Head-and-shoulders top reversal pattern from 07/18/2023 to 08/07/2023
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.

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Penumbra, Inc (PEN)
Industry: Medical Supplies
Industry RS rank: 55 out of 60
Stock RS rank: 479 out of 627
9/28/23 close: $246.80
1 Month avg volatility: $8.26. Volatility stop (for downward breakout): $264.87 or 7.3% above the close.
Change YTD: 10.94%
Volume: 235,900 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 09/05/2023 to 09/11/2023
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.

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Pure Storage, Inc (PSTG)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 43 out of 60
Stock RS rank: 16 out of 627
9/28/23 close: $35.11
1 Month avg volatility: $1.16. Volatility stop (for downward breakout): $37.53 or 6.9% above the close.
Change YTD: 31.20%
Volume: 2,417,300 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: Broadening top reversal pattern from 06/16/2023 to 09/26/2023
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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Q2 Holdings Inc (QTWO)
Industry: E-Commerce
Industry RS rank: 5 out of 60
Stock RS rank: 21 out of 627
9/28/23 close: $31.95
1 Month avg volatility: $0.80. Volatility stop (for downward breakout): $33.76 or 5.7% above the close.
Change YTD: 18.91%
Volume: 289,600 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 Adam reversal pattern from 08/01/2023 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.

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Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 59 out of 60
Stock RS rank: 490 out of 627
9/28/23 close: $111.10
1 Month avg volatility: $2.51. Volatility stop (for upward breakout): $104.16 or 6.3% below the close.
Change YTD: 1.06%
Volume: 4,705,500 shares. 3 month avg: 12,234,022 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 08/18/2023 to 09/25/2023
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.

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salesforce com (CRM)
Industry: E-Commerce
Industry RS rank: 5 out of 60
Stock RS rank: 286 out of 627
9/28/23 close: $203.20
1 Month avg volatility: $4.02. Volatility stop (for downward breakout): $213.20 or 4.9% above the close.
Change YTD: 53.25%
Volume: 4,331,300 shares. 3 month avg: 4,417,257 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 08/31/2023 to 09/11/2023
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.

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Schwab, Charles Corporation (SCHW)
Industry: Securities Brokerage
Industry RS rank: 52 out of 60
Stock RS rank: 349 out of 627
9/28/23 close: $54.55
1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $57.39 or 5.2% above the close.
Change YTD: -34.48%
Volume: 6,148,500 shares. 3 month avg: 6,527,123 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 Top, Adam and Adam reversal pattern from 09/05/2023 to 09/12/2023
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.

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Southern Copper (SCCO)
Industry: Metals and Mining (Div.)
Industry RS rank: 47 out of 60
Stock RS rank: 343 out of 627
9/28/23 close: $75.00
1 Month avg volatility: $1.56. Volatility stop (for downward breakout): $78.60 or 4.8% above the close.
Change YTD: 24.19%
Volume: 780,700 shares. 3 month avg: 1,021,280 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: Roof reversal pattern from 08/18/2023 to 09/20/2023
Breakout is downward 84% of the time.
Average decline: 16%.
Break-even failure rate: 13%.
Pullbacks occur 56% of the time.
Price hits measure rule target 68% of the time.

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Surmodics, Inc (SRDX)
Industry: Medical Supplies
Industry RS rank: 55 out of 60
Stock RS rank: 19 out of 627
9/28/23 close: $31.21
1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $34.91 or 11.9% above the close.
Change YTD: -8.53%
Volume: 31,600 shares. 3 month avg: 37,286 shares.
This security may be thinly traded (less than 100k 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 08/18/2023 to 09/11/2023
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.

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Synopsys Inc (SNPS)
Industry: Computer Software and Svcs
Industry RS rank: 7 out of 60
Stock RS rank: 78 out of 627
9/28/23 close: $460.71
1 Month avg volatility: $9.82. Volatility stop (for upward breakout): $425.42 or 7.7% below the close.
Change YTD: 44.29%
Volume: 1,074,700 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 Thursday.
 
Chart pattern: Multi-peaks from 05/30/2023 to 09/28/2023

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Targa Resources Corp (TRGP)
Industry: Natural Gas (Diversified)
Industry RS rank: 22 out of 60
Stock RS rank: 77 out of 627
9/28/23 close: $87.44
1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $83.37 or 4.7% below the close.
Change YTD: 18.97%
Volume: 1,467,200 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: Double Bottom, Adam and Adam reversal pattern from 09/11/2023 to 09/21/2023
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.

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Teladoc, Inc (TDOC)
Industry: Healthcare Information
Industry RS rank: 29 out of 60
Stock RS rank: 580 out of 627
9/28/23 close: $18.53
1 Month avg volatility: $0.64. Volatility stop (for downward breakout): $20.41 or 10.1% above the close.
Change YTD: -21.65%
Volume: 5,376,200 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: Pipe top reversal pattern from 07/24/2023 to 07/31/2023
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.

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Valero Energy (VLO)
Industry: Petroleum (Integrated)
Industry RS rank: 14 out of 60
Stock RS rank: 242 out of 627
9/28/23 close: $147.18
1 Month avg volatility: $3.70. Volatility stop (for downward breakout): $155.69 or 5.8% above the close.
Change YTD: 16.02%
Volume: 3,575,000 shares. 3 month avg: 3,857,258 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: Diamond top reversal pattern from 09/12/2023 to 09/28/2023
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.

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Watsco, Inc (WSO)
Industry: Retail Building Supply
Industry RS rank: 16 out of 60
Stock RS rank: 88 out of 627
9/28/23 close: $380.37
1 Month avg volatility: $8.73. Volatility stop (for upward breakout): $358.16 or 5.8% below the close.
Change YTD: 52.51%
Volume: 556,200 shares. 3 month avg: 222,320 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, Adam and Adam reversal pattern from 08/18/2023 to 09/13/2023
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.

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