Here's a New List of Stocks That Show Bullish or Bearish Reversal Patterns

These companies show signs of a change of direction.
Updated
Stocks quotes in this article: AU, CDE, YPF, DXCM, SRPT, THC, ZBH, CERN, NTES, AKS, SBGI, BHI, BBT, C, CFG, CMA, FNB, JPM, PNC, USB, SPR, AMD

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. (* denotes author has a short position in the name.) 

Bullish Reversals 

Basic materials: Anglogold Ashanti (AU) , Coeur Mining (CDE)

Energy: YPF (YPF)  

Health care: DexCom (DXCM) , Sarepta Therapeutics (SRPT) , Tenet Healthcare (THC) , Zimmer Biomet (ZBH)

Technology: Cerner (CERN) , NetEase (NTES)

Bearish Reversals 

Basic materials: AK Steel (AKS)

Consumer cyclical: Sinclair Broadcast Group (SBGI)

Energy: Baker Hughes (BHI)  

Financial services: BB&T (BBT) , Citigroup (C) , Citizens Financial (CFG) , Comerica (CMA) , FNB (FNB) , JPMorgan (JPM) , PNC Financial Services (PNC) , US Bancorp (USB)

Industrial: Spirit AeroSystems (SPR)

Technology: Advanced Micro Devices (AMD)

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At the time of publication, Ortmann was short AMD, although positions may change at any time.

TAGS: Investing | U.S. Equity | Financial Services | Energy | Healthcare | Basic Materials | Consumer

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