8 Stocks That Are Ready to Change Direction

These names are displaying bullish and bearish reversal patters over the last week.
Stocks quotes in this article: AGN, CARA, MYO, CBI, DHI, HFC, PGR, SAVE

Below is a list of names for those charts we believe 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:

Healthcare: Allergan (AGN) , Cara Therapeutics (CARA) , Myomo (MYO)

Industrials: Chicago Bridge & Iron Co. (CBI)

Bearish Reversals:

Consumer Cyclicals: D. R. Horton (DHI)

Energy: HollyFrontier (HFC)

Financial Services: Progressive Corp. (PGR)

Industrials: Spirit Airlines (SAVE)

Allergan is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AGN? Learn more now.

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 position in any securities mentioned.

TAGS: Investing | U.S. Equity | Markets | How-to | Stocks

More from Investing

The Sheer Number of Growth Drivers Microsoft Now Has Is Impressive -- Tech Check

Eric Jhonsa

Azure and Office 365 were far from the only Microsoft businesses to show good top-line momentum last quarter.

Here's a Way to Trade Xilinx

Timothy Collins

XLNX's solid but unspectacular earnings report didn't simply give traders an excuse to sell, it gave them a reason to sell.

I'm Maintaining a Bullish Bias but I've Increased My Vigilance

James "Rev Shark" DePorre

The Amazon report is going to provide us with some very strong evidence of whether a short term top may be developing.

Is Boston Beer Co. Coming Back to Life?

Dave Butler

As long as their marketing investment continues to yield desirable results, I think it's a good play,

Facebook's Focus on Portal Device Finds Resistance Amid Privacy Issues

Kevin Curran

Facebook isn't finding many fans for its home device.

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