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)

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 was short AMD, although positions may change at any time.

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

More from Energy

3 U.S. Shale Stocks to Buy: It's All About the Permian

Maleeha Bengali

As Chinese factories move back to production and with other stimulus in place, the oil sector is increasingly attractive, but be selective.

Here's a Handful of Stocks to Consider Amid Sagging Energy Prices

Bret Jensen

Midstream names appear to be oversold and American Airlines should benefit from lower jet fuel costs.

Have I Warmed Up to BP? Let's Just Say I'll Give It a Chance

Stephen Guilfoyle

Joining the ranks of BlackRock and Microsoft, BP has come out with a plan to address climate change, and that gives it added appeal.

BP's Charts Don't Look as Ambitious as the Environmental Goals It Is Setting

Bruce Kamich

BP has set goals of reaching net-zero emissions from its own oil and gas operations and production by 2050.

In This Market, Where Do We Draw the Line?

Helene Meisler

Everyone seems concerned that non-technology stocks are as vulnerable as the industrials and energy stocks.

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