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Charting a slow-motion breakout: S&P 500 -2-

More broadly, the shares are well positioned on the four-year chart, (link) challenging major resistance matching the 2018 peak (79.70). The prevailing upturn punctuates a massive V-shaped reversal from the early-2020 low.

Finally, Patterson Companies, Inc. (PDCO) is a mid-cap developer of dental and animal health products. (Yield = 3.2%.)

Earlier this month, the shares knifed to two-year highs, rising after the company's second-quarter results.

The subsequent flag pattern has formed amid decreased volume, positioning the shares to build on the initial spike. Tactically, the post-breakout low (31.47) is followed by the breakout point, a level closely matching the top of the gap (29.25). A posture higher signals a bullish bias.

Still well positioned

The table below includes names recently profiled in The Technical Indicator that remain well positioned. For the original comments, see The Technical Indicator Library. (link)

-Michael Ashbaugh; 415-439-6400;

Company                                            Symbol* (Click symbol for chart.)  Date Profiled 
Zscaler, Inc.                                      ZS                                 Dec. 7 
Fortinet, Inc.                                     FTNT                               Dec. 7 
Kulicke and Soffa Industries, Inc.                 KLIC                               Dec. 7 
Honeywell International, Inc.                      HON                                Dec. 7 
Dillard's, Inc.                                    DDS                                Dec. 4 
Caleres, Inc.                                      CAL                                Dec. 4 
Spotify Technology S.A.                            SPOT                               Dec. 3 
Align Technology, Inc.                             ALGN                               Dec. 3 
Valero Energy Corp.                                VLO                                Dec. 3 
GameStop Corp.                                     GME                                Dec. 2 
Analog Devices, Inc.                               ADI                                Dec. 2 
Cirrus Logic, Inc.                                 CRUS                               Dec. 1 
Sonos, Inc.                                        SONO                               Dec. 1 
Dollar Tree, Inc.                                  DLTR                               Dec. 1 
Nuance Communications, Inc.                        NUAN                               Nov. 30 
Northern Trust Corp.                               NTRS                               Nov. 30 
American Airlines Group, Inc.                      AAL                                Nov. 30 
Microchip Technology, Inc.                         MCHP                               Nov. 24 
Coca-Cola Co.                                      KO                                 Nov. 24 
SPDR S&P Homebuilders ETF                          XHB                                Nov. 24 
Zillow Group, Inc.                                 ZG                                 Nov. 23 
Yeti Holdings, Inc.                                YETI                               Nov. 23 
Carvana Co.                                        CVNA                               Nov. 23 
Palo Alto Networks, Inc.                           PANW                               Nov. 20 
Bank of America Corp.                              BAC                                Nov. 20 
Eaton Corp.                                        ETN                                Nov. 20 
SPDR S&P Oil & Gas Exploration and Production ETF  XOP                                Nov. 20 
MetLife, Inc.                                      MET                                Nov. 19 
Hilton Worldwide Holdings, Inc.                    HLT                                Nov. 19 
American Express Co.                               AXP                                Nov. 18 
Kohl's Corp.                                       KSS                                Nov. 18 
FleetCor Technologies                              FLT                                Nov. 18 
Applied Materials, Inc.                            AMAT                               Nov. 17 
Delta Air Lines, Inc.                              DAL                                Nov. 17 
Consumer Staples Select Sector SPDR                XLP                                Nov. 17 
Ross Stores, Inc.                                  ROST                               Nov. 16 
Boeing Co.                                         BA                                 Nov. 16 
RingCentral, Inc.                                  RNG                                Nov. 13 
Urban Outfitters, Inc.                             URBN                               Nov. 13 
Regions Financial Corp.                            RF                                 Nov. 13 
iShares Europe ETF                                 IEV                                Nov. 13 
Flex, Inc.                                         FLEX                               Nov. 9 
Snap, Inc.                                         SNAP                               Nov. 9 
Norfolk Southern Corp.                             NSC                                Nov. 9 
Materials Select Sector SPDR                       XLB                                Nov. 6 
Communications Services Select Sector SPDR         XLC                                Nov. 5 
Health Care Select Sector SPDR                     XLV                                Nov. 5 
Alphabet, Inc.                                     GOOGL                              Nov. 5 
Uber Technologies, Inc.                            UBER                               Nov. 5 
Keysight Technologies, Inc.                        KEYS                               Nov. 4 
Harley-Davidson, Inc.                              HOG                                Nov. 4 
Garmin, Ltd.                                       GRMN                               Nov. 4 
Pinterest, Inc.                                    PINS                               Nov. 3 
Sony Corp.                                         SNE                                Nov. 3 
8x8, Inc.                                          EGHT                               Nov. 3 
Exact Sciences Corp.                               EXAS                               Nov. 2 
Universal Display Corp.                            OLED                               Nov. 2 
Dentsply Sirona, Inc.                              XRAY                               Oct. 27 
Maxim Integrated Products, Inc.                    MXIM                               Oct. 21 
The Travelers Companies, Inc.                      TRV                                Oct. 21 
Micron Technology, Inc.                            MU                                 Oct. 20 
Vulcan Materials Co.                               VMC                                Oct. 19 
Utilities Select Sector SPDR                       XLU                                Oct. 19 
ON Semiconductor Corp.                             ON                                 Oct. 16 
Ford Motor Co.                                     F                                  Oct. 15 
Texas Instruments, Inc.                            TXN                                Oct. 15 
First Solar, Inc.                                  FSLR                               Oct. 13 
Nevro Corp.                                        NVRO                               Oct. 12 
Teradyne, Inc.                                     TER                                Oct. 12 
SPDR S&P Homebuilders ETF                          XHB                                Oct. 9 
Shake Shack, Inc.                                  SHAK                               Oct. 9 
SPDR S&P Biotech ETF                               XBI                                Oct. 8 
Alexion Pharmaceuticals, Inc.                      ALXN                               Oct. 8 
Twilio, Inc.                                       TWLO                               Oct. 8 
Cloudflare, Inc.                                   NET                                Oct. 7 
Ceridian HCM Holding, Inc.                         CDAY                               Oct. 7 
Motorola Solutions, Inc.                           MSI                                Oct. 6 
RSailPoint Technology Holdings, Inc.               SAIL                               Oct. 1 
Martin Marietta Materials, Inc.                    MLM                                Sept. 30 
Whirlpool Corp.                                    WHR                                Sept. 29 
Abercrombie & Fitch Co.                            ANF                                Sept. 29 
Blueprint Medicines Co.                            BPMC                               Sept. 28 
Zendesk, Inc.                                      ZEN                                Sept. 23 
Scientific Games Corp.                             SGMS                               Sept. 23 
Crocs, Inc.                                        CROX                               Sept. 14 
Five Below, Inc.                                   FIVE                               Sept. 10 
Eastman Chemical Co.                               EMN                                Sept. 10 
International Paper Co.                            IP                                 Sept. 3 
Anaplan, Inc.                                      PLAN                               Sept. 2 
Celanese Corp.                                     CE                                 Aug. 26 
Westlake Chemical Corp.                            WLK                                Aug. 25 

(MORE TO FOLLOW) Dow Jones Newswires

12-08-20 1228ET

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