Bullish and Bearish Reversals in the Market

 | Jan 09, 2017 | 1:33 PM EST
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Stock quotes in this article:

baba

,

alxn

,

amgn

,

azn

,

etrm

,

gsk

,

pcrx

,

cmc

Below is a list of names for those charts we feel are showing technical characteristics of either bullish or bearish reversal patterns that occurred over the past week. Bullish reversals imply institutional accumulation and the potential for higher prices. Bearish reversals imply institutional distribution and the potential for lower prices. Each group is listed by sector affiliation. Please feel free to contact the author for further details.

Bullish Reversals 

Consumer Cyclical: Alibaba (BABA)  

Health Care: Alexion (ALXN) , Amgen (AMGN) , AstraZeneca (AZN) , EnteroMedics (ETRM) , GlaxoSmithKline (GSK) , Pacira Pharmaceuticals (PCRX)  

Bearish Reversals 

Basic Materials: Commercial Metals (CMC)

Columnist Conversations

Sally Beauty's CEO put his money to work buying 10,000 shares on the new low today (@ $17.91 per share). ...
HD began last Tuesday's session with a huge earnings inspired upside gap. In the early going the stock was up ...
Bloomberg reported recently that there are now more stock market indexes in the US (more than 5,000) than ther...

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