Bullish and Bearish Reversals in the Market

These companies show signs of a change of direction.
Stocks 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)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Ortmann had no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Healthcare | Basic Materials | Consumer | Stocks

More from Healthcare

Coronavirus Spooks the U.S. Markets

James "Rev Shark" DePorre

Many market players - including me - would be relieved to see a decent bout of selling.

Genprex: The Bad and the Good of Capital Raises

Timothy Collins

For those who love a roll of the dice, GNPX may be worth a closer look.

Abbott Laboratories Could Climb to the $107 Area Next

Bruce Kamich

Barring a negative surprise I would look for higher highs to be established in the days and weeks ahead.

Spring Festival Risks Spreading Epidemic Far and Wide

Alex Frew McMillan

Chinese stocks sell off amid fears of a new SARS during the biggest migration of people on the planet.

GlaxoSmithKline: The Charts Are Pointing Higher

Bruce Kamich

Our latest analysis and trading strategy for the the big pharma stock.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight