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)

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

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

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