Bullish and Bearish Reversals for the Week

 | Jul 25, 2016 | 2:03 PM EDT
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Stock quotes in this article:

cmg

,

dan

,

lb

,

seas

,

wen

,

arcc

,

bx

,

mtg

,

aria

,

celg

,

ci

,

alk

,

fch

,

mrvl

,

sap

,

yy

,

abx

,

gg

,

oln

,

sa

,

ssri

,

taho

,

ts

,

has

,

cog

,

cpe

,

do

,

eqt

,

fang

,

gpor

,

hal

,

rdc

,

rice

,

spn

,

syk

,

de

Below and attached 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 me for further details.

Bullish Reversals

Consumer Cyclical: Chipotle (CMG) , Dana Holding (DAN) , L Brands (LB) , SeaWorld (SEAS) , Wendy's (WEN)

Financial Services: Ares Capital (ARCC) , Blackstone (BX) , MGIC Investment (MTG)

Healthcare: Ariad Pharma (ARIA) , Celgene (CELG) , Cigna (CI)

Industrials: Alaska Air (ALK)

Real Estate: FelCor Lodging (FCH)

Technology: Marvell Technology (MRVL) , SAP (SAP) , YY (YY)

Bearish Reversals

Basic Materials: Barrick Gold (ABX) , Goldcorp (GG) , Olin (OLN) , Seabridge (SA) , Silver Standard Resources (SSRI) , Tahoe Resources (TAHO) , Tenaris (TS)

Consumer Cyclical: Hasbro (HAS)

Energy: ConocoPhillips (COG) , Callon Petroleum (CPE) , Diamond Offshore (DO) , EQT (EQT) , Diamondback Energy (FANG) , Gulfport Energy (GPOR) , Halliburton (HAL) , Rowman (RDC) , Rice Energy (RICE) , Superior Energy (SPN)

Healthcare: Stryker (SYK)

Industrials: Deere (DE)

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