From the Analyst
Published: May 15, 2025
This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

 

Patterns of Interest

From the genesis of the Point & Figure methodology Charles Dow found that when he plotted the price of a stock patterns would develop on the chart, and that more importantly those patterns had a tendency to repeat themselves. Some patterns had a tendency to lead toward higher prices, while others more likely lead to lower prices The basis of the Point & Figure methodology is the simple double top and double bottom formations, the most rudimentary buy and sell signals; respectively. In total there are eleven different patterns that we follow and the identification of these patterns can be an integral part of any trader or investor's evaluation process. Listed below are stocks that have formed, and subsequently broken out of, one of the more noteworthy patterns within the last week. A stock above its bullish support line, with positive relative strength and a noteworthy pattern completion can be considered for potential long positions. Likewise, a stock trading below its bearish resistance line with negative relative strength and a noteworthy negative pattern should be trimmed or hedged in some manner if held within the watchlist. For traders, weak stocks with negative patterns can also be considered for a short idea.

Bullish Patterns

Symbol Name Tech Attrib Momentum Momentum Date Pattern
BOKF BOK Financial Corporation 3 Positive 05-09-2025 Bullish Catapult
BYD Boyd Gaming Corp 4 Positive 04-25-2025 Bullish Catapult
CDE Coeur Dalene Mines Corp 5 Positive 05-09-2025 Bearish Signal Reversal
DLB Dolby Laboratories, Inc. 3 Positive 05-09-2025 Bullish Catapult
HEES H&E Equipment Services, Inc. 5 Negative 02-28-2025 Bearish Signal Reversal
GSL Global Ship Lease Inc. 4 Positive 05-09-2025 Bearish Signal Reversal
ING Ing Groep N.V. -Sponsored (Netherlands) ADR 4 Positive 05-09-2025 Bullish Catapult
MMM 3M Company 3 Positive 05-09-2025 Bullish Catapult
NGS Natural Gas Services Group 5 Positive 05-09-2025 Bullish Catapult
SSB SouthState Corp. 4 Positive 05-02-2025 Bullish Triangle
SGI Somnigroup International Inc 5 Positive 04-17-2025 Bullish Catapult
VEON VEON Ltd 5 Positive 05-09-2025 Bullish Catapult
ZG Zillow Group Inc. 3 Positive 05-02-2025 Bullish Catapult
WIX Wix.com Ltd (Israel) ADR 3 Positive 04-25-2025 Bullish Catapult
TNET Trinet Group Inc. 3 Positive 03-21-2025 Bullish Triangle
Z Zillow Group Inc. Class C 3 Positive 05-02-2025 Bullish Catapult
OLLI Ollies Bargain Outlet Holding Inc. 5 Negative 05-02-2025 Bullish Triangle
NGVT Ingevity Corp 4 Positive 05-09-2025 Bullish Catapult
VEON.TR VEON Ltd TR 5 Positive 05-09-2025 Bullish Catapult
HUBB.TR Hubbell Inc TR 3 Positive 04-11-2025 Bullish Triangle
LECO.TR Lincoln Electric Holdings, Inc. TR 3 Positive 05-02-2025 Bullish Catapult
DLB.TR Dolby Laboratories, Inc. TR 3 Positive 05-09-2025 Bullish Catapult
R.TR Ryder System, Inc. TR 5 Positive 04-25-2025 Bullish Triangle
OLLI.TR Ollie's Bargain Outlet Holdings Inc TR 5 Negative 05-02-2025 Bullish Triangle
WIX.TR Wix.com Ltd. TR 3 Positive 04-25-2025 Bullish Catapult
PEGA.TR Pegasystems Inc. TR 5 Positive 04-17-2025 Bullish Catapult
CP.TR Canadian Pacific Railway Limited TR 3 Positive 04-25-2025 Bullish Catapult
Z.TR Zillow Group Inc. Class C TR 3 Positive 05-02-2025 Bullish Catapult
ZG.TR Zillow Group Inc. TR 3 Positive 05-02-2025 Bullish Catapult
IONQ IonQ Inc. 3 Positive 04-11-2025 Bullish Catapult
CAKE.TR The Cheesecake Factory Incorporated TR 4 Positive 04-17-2025 Bullish Triangle
MKTW MarketWise Inc Class A 3 Positive 04-17-2025 Bullish Triangle
CDE.TR Coeur Dalene Mines Corp TR 5 Positive 05-09-2025 Bearish Signal Reversal
BYD.TR Boyd Gaming Corp TR 4 Positive 04-25-2025 Bullish Catapult
NGVT.TR Ingevity Corp TR 4 Positive 05-09-2025 Bullish Catapult
TOST Toast, Inc. Class A 5 Positive 04-17-2025 Bearish Signal Reversal
TOST.TR Toast, Inc. Class A TR 5 Positive 04-17-2025 Bearish Signal Reversal
KAI.TR Kadant, Inc. TR 3 Positive 05-09-2025 Bullish Triangle

Bearish Patterns

Symbol Name Tech Attrib Momentum Momentum Date Pattern
AEP American Electric Power Company, Inc. 2 Negative 03-28-2025 Bearish Catapult
AMGN Amgen Inc. 1 Negative 03-28-2025 Bearish Triangle
CWT California Water Service Co 0 Negative 05-09-2025 Bullish Signal Reversal
WMK Weis Markets, Inc. 2 Negative 05-14-2025 Bullish Signal Reversal
VCYT Veracyte Inc. 2 Positive 04-11-2025 Bearish Triangle
AMRK A-Mark Precious Metals Inc 0 Positive 05-09-2025 Bearish Catapult
CNR Core Natural Resources Inc. 1 Positive 03-21-2025 Bearish Catapult
REGN.TR Regeneron Pharmaceuticals, Inc. TR 0 Positive 05-02-2025 Bullish Signal Reversal
CWT.TR California Water Service Co TR 0 Negative 05-02-2025 Bullish Signal Reversal
ELS.TR Equity Lifestyle Properties, Inc. TR 1 Negative 04-04-2025 Bearish Triangle
VCYT.TR Veracyte Inc. TR 2 Positive 04-11-2025 Bearish Triangle
MUSA.TR Murphy USA Inc. TR 2 Negative 05-09-2025 Bullish Signal Reversal
FG F&G Annuities & Life Inc 2 Positive 04-25-2025 Bearish Triangle

 

 

CNX CNX Resources Corp ($32.92) - Oil - CNX returned to a buy signal Thursday with a double top break at $33. The move adds to an already positive technical picture as CNX is a 5 for 5'er that ranks in the top quintile of the oil sector matrix. from here, the next level of overhead resistance sits at $41, the multi-year high CNX reached in late 2024.
NFLX NetFlix Inc. ($1,177.98) - Media - NF:X posted new all-time highs today. The stock remains a strong name within the sector and a driver of upside action so far this year, now up almost 30% so far this year. We are a bit overbought around current levels so exercise caution in the near-term... but those looking to put money to work should continue to add on opportunities as trading normalizes

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