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Sears' 20 Quarter OPS chart identifies a break in its historical 1st Quarter pattern from positive to negative. Item A illustrates the positive OPS (Green) trend and item B illustrates the negative OPS (Red) break in the trend. On May 13, 2002, the date of the pattern break, Sears shares closed at $52. On May 31, 2002, Wall Street had 5 buy and no sell recommendations on Sears and its shares closed at $59.05. Sears OPS chart depicts a second consecutive historical OPS pattern break (8-16-02), shares @ $47.22) for Q2 2002.
From August 2002 through November of 2002, StockDiagnostics.com issued warnings on Sears via its "OPS Newsletter" and in various newspapers articles. See Sears' chronology of events.
Sears shares traded at a 10 year low of $22.70 on October 17, 2002, representing a 60% decline from the first break in its historical OPS pattern.
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