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.
 
AMN Healthcare (AMN)
Industry: Human Resources
Industry RS rank: 41 out of 60
Stock RS rank: 602 out of 623
12/21/23 close: $73.12
1 Month avg volatility: $2.20. Volatility stop (for upward breakout): $66.28 or 9.4% below the close.
Change YTD: -28.89%
Volume: 483,300 shares. 3 month avg: 286,222 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: Pipe bottom reversal pattern from 11/06/2023 to 11/13/2023
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.

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Aon Corp (AON)
Industry: Insurance (Diversified)
Industry RS rank: 43 out of 60
Stock RS rank: 548 out of 623
12/21/23 close: $288.19
1 Month avg volatility: $5.79. Volatility stop (for downward breakout): $306.62 or 6.4% above the close.
Change YTD: -3.98%
Volume: 2,048,000 shares. 3 month avg: 1,880,728 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 11/13/2023 to 12/13/2023
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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Century Aluminum Co. (CENX)
Industry: Metals and Mining (Div.)
Industry RS rank: 33 out of 60
Stock RS rank: 60 out of 623
12/21/23 close: $12.24
1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $10.49 or 14.3% below the close.
Change YTD: 49.63%
Volume: 1,640,200 shares. 3 month avg: 2,285,742 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: Flag, high and tight continuation pattern from 10/27/2023 to 12/21/2023
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.

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ConocoPhillips (COP)
Industry: Petroleum (Integrated)
Industry RS rank: 35 out of 60
Stock RS rank: 218 out of 623
12/21/23 close: $116.83
1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $111.14 or 4.9% below the close.
Change YTD: -0.99%
Volume: 4,146,100 shares. 3 month avg: 6,156,062 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 12/04/2023 to 12/11/2023
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.

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Devon Energy Corp. (DVN)
Industry: Natural Gas (Diversified)
Industry RS rank: 47 out of 60
Stock RS rank: 500 out of 623
12/21/23 close: $45.85
1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $43.33 or 5.5% below the close.
Change YTD: -25.46%
Volume: 8,048,200 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 Bottom, Adam and Adam reversal pattern from 12/06/2023 to 12/13/2023
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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Diamondback Energy Inc (FANG)
Industry: Petroleum (Producing)
Industry RS rank: 22 out of 60
Stock RS rank: 114 out of 623
12/21/23 close: $156.26
1 Month avg volatility: $2.81. Volatility stop (for upward breakout): $148.95 or 4.7% below the close.
Change YTD: 14.24%
Volume: 1,291,800 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, Adam and Adam reversal pattern from 12/06/2023 to 12/12/2023
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.

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Dril-Quip Inc (DRQ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 42 out of 60
Stock RS rank: 376 out of 623
12/21/23 close: $23.51
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $21.36 or 9.2% below the close.
Change YTD: -13.47%
Volume: 190,700 shares. 3 month avg: 557,835 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 Bottom, Adam and Adam reversal pattern from 12/07/2023 to 12/12/2023
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.

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Encore Wire Corp (WIRE)
Industry: Metals and Mining (Div.)
Industry RS rank: 33 out of 60
Stock RS rank: 105 out of 623
12/21/23 close: $217.00
1 Month avg volatility: $5.38. Volatility stop (for upward breakout): $204.10 or 5.9% below the close.
Change YTD: 57.75%
Volume: 103,300 shares. 3 month avg: 88,880 shares.
This security may be thinly traded (less than 100k 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: Three Rising Valleys reversal pattern from 07/26/2023 to 10/24/2023
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.

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Exelon Corp. (EXC)
Industry: Electric Utility (East)
Industry RS rank: 52 out of 60
Stock RS rank: 566 out of 623
12/21/23 close: $35.07
1 Month avg volatility: $0.95. Volatility stop (for downward breakout): $37.15 or 5.9% above the close.
Change YTD: -18.88%
Volume: 8,292,500 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: Double Top, Adam and Adam reversal pattern from 11/03/2023 to 12/14/2023
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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Fidelity National Information Svcs (FIS)
Industry: Computer Software and Svcs
Industry RS rank: 11 out of 60
Stock RS rank: 238 out of 623
12/21/23 close: $59.71
1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $62.22 or 4.2% above the close.
Change YTD: -12.00%
Volume: 2,662,100 shares. 3 month avg: 1,473,917 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: Diamond top reversal pattern from 12/05/2023 to 12/21/2023
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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General Electric Co (GE)
Industry: Diversified Co.
Industry RS rank: 30 out of 60
Stock RS rank: 129 out of 623
12/21/23 close: $126.97
1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $130.57 or 2.8% above the close.
Change YTD: 51.53%
Volume: 4,099,200 shares. 3 month avg: 6,323,323 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 top reversal pattern from 08/14/2023 to 11/20/2023
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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Globe Life Inc. (GL)
Industry: Insurance (Life)
Industry RS rank: 13 out of 60
Stock RS rank: 201 out of 623
12/21/23 close: $121.67
1 Month avg volatility: $1.56. Volatility stop (for downward breakout): $125.19 or 2.9% above the close.
Change YTD: 0.93%
Volume: 397,700 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 Eve reversal pattern from 12/04/2023 to 12/12/2023
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.

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Harmonic Inc (HLIT)
Industry: Telecom. Equipment
Industry RS rank: 37 out of 60
Stock RS rank: 611 out of 623
12/21/23 close: $12.29
1 Month avg volatility: $0.47. Volatility stop (for upward breakout): $11.06 or 10.1% below the close.
Change YTD: -6.18%
Volume: 4,592,000 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: Pipe bottom reversal pattern from 12/04/2023 to 12/11/2023
WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 01/30/2024.
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.

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Helmerich and Payne Inc. (HP)
Industry: Petroleum (Producing)
Industry RS rank: 22 out of 60
Stock RS rank: 274 out of 623
12/21/23 close: $36.99
1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $34.51 or 6.7% below the close.
Change YTD: -25.38%
Volume: 1,638,400 shares. 3 month avg: 1,326,055 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 Bottom, Adam and Adam reversal pattern from 12/06/2023 to 12/13/2023
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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Humana (HUM)
Industry: Medical Services
Industry RS rank: 40 out of 60
Stock RS rank: 406 out of 623
12/21/23 close: $453.94
1 Month avg volatility: $12.59. Volatility stop (for downward breakout): $480.13 or 5.8% above the close.
Change YTD: -11.37%
Volume: 1,552,000 shares. 3 month avg: 1,089,406 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 10/17/2023 to 11/27/2023
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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Magnolia Oil and Gas Corp (MGY)
Industry: Petroleum (Producing)
Industry RS rank: 22 out of 60
Stock RS rank: 276 out of 623
12/21/23 close: $21.73
1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $20.28 or 6.7% below the close.
Change YTD: -7.33%
Volume: 2,022,500 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 12/06/2023 to 12/12/2023
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.

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Matrix Service Co. (MTRX)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 42 out of 60
Stock RS rank: 6 out of 623
12/21/23 close: $10.26
1 Month avg volatility: $0.36. Volatility stop (for upward breakout): $9.42 or 8.1% below the close.
Change YTD: 64.95%
Volume: 201,700 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: Broadening top, right-angled and descending continuation pattern from 11/20/2023 to 12/19/2023
Breakout is upward 51% of the time.
Average rise: 28%.
Break-even failure rate: 19%.
Throwbacks occur 52% of the time.
Price hits measure rule target 63% of the time.

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MGE Energy Inc (MGEE)
Industry: Electric Utility (Central)
Industry RS rank: 54 out of 60
Stock RS rank: 523 out of 623
12/21/23 close: $71.07
1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $74.38 or 4.7% above the close.
Change YTD: 0.95%
Volume: 231,000 shares. 3 month avg: 83,160 shares.
This security may be thinly traded (less than 100k 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: Triple top reversal pattern from 11/15/2023 to 12/14/2023
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.

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Mueller Industries Inc. (MLI)
Industry: Metal Fabricating
Industry RS rank: 53 out of 60
Stock RS rank: 177 out of 623
12/21/23 close: $46.60
1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $43.97 or 5.6% below the close.
Change YTD: 57.97%
Volume: 496,200 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: Rounding bottom continuation pattern from 07/24/2023 to 12/15/2023
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Nasdaq Composite (^IXIC)
Industry: None
Industry RS rank: 20 out of 60
12/21/23 close: $14,963.87
1 Month avg volatility: $145.83. Volatility stop (for upward breakout): $14,545.80 or 2.8% below the close.
Change YTD: 42.97%
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 Thursday.
 
Chart pattern: Ugly double bottom reversal pattern from 10/26/2023 to 12/04/2023
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.

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Occidental Petroleum Corp (OXY)
Industry: Petroleum (Producing)
Industry RS rank: 22 out of 60
Stock RS rank: 326 out of 623
12/21/23 close: $60.44
1 Month avg volatility: $1.00. Volatility stop (for upward breakout): $57.99 or 4.1% below the close.
Change YTD: -4.05%
Volume: 9,806,200 shares. 3 month avg: 12,583,708 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 12/04/2023 to 12/11/2023
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.

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Osisko Gold Royalties Ltd (OR)
Industry: Metals and Mining (Div.)
Industry RS rank: 33 out of 60
Stock RS rank: 451 out of 623
12/21/23 close: $14.66
1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $13.79 or 5.9% below the close.
Change YTD: 21.78%
Volume: 469,800 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: Three Rising Valleys reversal pattern from 10/03/2023 to 12/12/2023
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.

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Park Electrochemical (PKE)
Industry: Chemical (Specialty)
Industry RS rank: 14 out of 60
Stock RS rank: 405 out of 623
12/21/23 close: $14.46
1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $15.56 or 7.6% above the close.
Change YTD: 7.83%
Volume: 48,200 shares. 3 month avg: 77,045 shares.
This security may be thinly traded (less than 100k 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: Triple top reversal pattern from 11/15/2023 to 12/14/2023
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.

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Public Service Enterprise Group PEG (PEG)
Industry: Electric Utility (East)
Industry RS rank: 52 out of 60
Stock RS rank: 464 out of 623
12/21/23 close: $60.35
1 Month avg volatility: $1.11. Volatility stop (for downward breakout): $63.33 or 4.9% above the close.
Change YTD: -1.50%
Volume: 2,189,200 shares. 3 month avg: 2,747,514 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 11/03/2023 to 12/14/2023
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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Rockwell Automation Inc (ROK)
Industry: Diversified Co.
Industry RS rank: 30 out of 60
Stock RS rank: 475 out of 623
12/21/23 close: $306.75
1 Month avg volatility: $5.15. Volatility stop (for upward breakout): $293.44 or 4.3% below the close.
Change YTD: 19.09%
Volume: 500,300 shares. 3 month avg: 619,245 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: Rounding bottom continuation pattern from 10/12/2023 to 12/15/2023
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 5%.
Throwbacks occur 40% of the time.
Price hits measure rule target 57% of the time.

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Rogers Corp (ROG)
Industry: Electronics
Industry RS rank: 44 out of 60
Stock RS rank: 569 out of 623
12/21/23 close: $136.68
1 Month avg volatility: $3.47. Volatility stop (for upward breakout): $126.85 or 7.2% below the close.
Change YTD: 14.53%
Volume: 106,700 shares. 3 month avg: 160,817 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 11/02/2023 to 12/13/2023
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.

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SAIA Inc (SAIA)
Industry: Trucking/Transp. Leasing
Industry RS rank: 10 out of 60
Stock RS rank: 23 out of 623
12/21/23 close: $450.67
1 Month avg volatility: $16.54. Volatility stop (for upward breakout): $406.81 or 9.7% below the close.
Change YTD: 114.93%
Volume: 220,500 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: Ugly double bottom reversal pattern from 10/27/2023 to 11/30/2023
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.

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Timken Co., The (TKR)
Industry: Metal Fabricating
Industry RS rank: 53 out of 60
Stock RS rank: 516 out of 623
12/21/23 close: $79.83
1 Month avg volatility: $1.64. Volatility stop (for upward breakout): $75.52 or 5.4% below the close.
Change YTD: 12.96%
Volume: 367,200 shares. 3 month avg: 853,643 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: Cup with handle continuation pattern from 09/01/2023 to 12/14/2023
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.

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Tredegar Corp (TG)
Industry: Chemical (Specialty)
Industry RS rank: 14 out of 60
Stock RS rank: 565 out of 623
12/21/23 close: $5.40
1 Month avg volatility: $0.20. Volatility stop (for downward breakout): $5.83 or 7.9% above the close.
Change YTD: -47.16%
Volume: 133,600 shares. 3 month avg: 64,734 shares.
This security may be thinly traded (less than 100k 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 Adam reversal pattern from 11/20/2023 to 12/04/2023
WARNING: A dead-cat bounce occurred on 08/09/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/07/2024.
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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W. R. Berkley Corp (WRB)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 31 out of 60
Stock RS rank: 149 out of 623
12/21/23 close: $69.76
1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $72.16 or 3.5% above the close.
Change YTD: -3.87%
Volume: 1,567,700 shares. 3 month avg: 1,243,968 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 12/04/2023 to 12/12/2023
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.

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WEX Inc (WEX)
Industry: Information Services
Industry RS rank: 25 out of 60
Stock RS rank: 245 out of 623
12/21/23 close: $194.13
1 Month avg volatility: $3.79. Volatility stop (for upward breakout): $181.85 or 6.3% below the close.
Change YTD: 18.63%
Volume: 343,800 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 bottom reversal pattern from 10/23/2023 to 10/30/2023
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.

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