Finding Bullish and Bearish Market Reversals

 | Mar 20, 2017 | 1:00 PM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

vod

,

lvs

,

bud

,

sfm

,

pbyi

,

pnr

,

cxo

,

eca

,

dvn

,

nbl

,

pbr

,

pten

,

fhn

,

syf

,

arry

,

amgn

,

ions

,

cbi

,

gv

,

ual

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 

Communication services: Vodafone (VOD)

Consumer cyclical: Las Vegas Sands (LVS)

Consumer defensive: Anheuser-Busch InBev (BUD) , Sprouts Farmers Market (SFM)

Health care: Puma Biotechnology (PBYI)

Industrials: Pentair (PNR)

Bearish Reversals 

Energy: Concho Resources (CXO) , Devon (DVN) , Encana (ECA) , Noble Energy (NBL) , Petrobras (PBR) , Patterson-UTI Energy (PTEN)

Financial services: First Horizon National (FHN) , Synchrony Financial (SYF)

Health care: Amgen (AMGN) , Arry BioPharma (ARRY) , Ionis Pharmaceuticals (IONS)

Industrials: Chicago Bridge & Iron (CBI) , Goldfield (GV) , United Continental (UAL)

Columnist Conversations

Foot Locker's (FL) less than expected quarterly earnings set off a round of selling the entire athletic appare...
View Chart »  View in New Window » Gold has met the first upside target off the last setup zon...
View Chart »  View in New Window »
View Chart »  View in New Window »

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.