Check LZB. Worden Note on 8/26 said that it was testing support at 6.75. Ince then it has completed a head and shoulders pattern which fits Bulkowski’s definition to a Tee.

The top of the head is at 14.58 and the horizontal neckline is at 6.75. Applying Bulkowski’s criteria places the target at 2.44. This gives an expected profit of (6.75-2.44) / 6.75 or 64%. On the chart there is support in the neighborhood of 2.74.

I set my initial stops at 2.5 times the average price deviation (C-L + H-L + O-L) / 3 averaged over the past ten days. For LZB this 2.5 times 0.29 or 0.73. This places my stop at 6.75 plus 0.73 or 7.46.

This results in a Profit/Risk ratio of 6.75/.73 or 9.25.

The price has pulled back from the neckline so entry at this point would

be premature. It would better to wait until the price had fallen below Tte neckline when a safe entry
 would be about 6.74.