Bullish and Bearish Reversals in the Market

 | Feb 27, 2017 | 2:33 PM EST
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Stock quotes in this article:

nwl

,

mygn

,

xray

,

hcn

,

vtr

,

fslr

,

gxp

,

ni

,

cenx

,

hclp

,

tsla

,

hlf

,

nfx

,

aeg

,

HSBC

,

lho

,

arrs

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 defensive: Newell Brands (NWL)

Health care: Myriad Genetics (MYGN) , Dentsply Sirona (XRAY)

Real estate: Welltower (HCN) , Ventas (VTR)

Technology: First Solar (FSLR)

Utilities: Great Plains Energy (GXP) , NiSource (NI)

Bearish Reversals 

Basic materials: Century Aluminum (CENX) , Hi-Crush Partners (HCLP)  

Consumer cyclical: Tesla (TSLA)  

Consumer defensive: Herbalife (HLF)  

Energy: Newfield Exploration (NFX)

Financial services: Aegon (AEG) , HSBC Holdings (HSBC)  

Real estate: LaSalle Hotel Properties (LHO)  

Technology: Arris International (ARRS)

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