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 Weak Dollar Is the Main Force in the Market Right Now

James "Rev Shark" DePorre

Gold continues to run higher as the dollar continues to collapse.

Berkshire Hathaway Looks Bearish Despite Buffett's Long-Term Track Record

Bruce Kamich

Let's check the charts and indicators of BRK.B because I cannot imagine Warren Buffett looking at the charts.

Where is the 'New' Caesars in the Casino Stock Standings?

Kevin Curran

Does a deal with Eldorado give Caesars all it needs to shift the market share dynamics in the casino industry?

3 Big Earnings Reports to Watch This Week

Dave Butler

Some key names are set to release their latest earnings results.

Did the Fed 'Blow It' by Not Cutting Rates? Read My Poll Results

James "Rev Shark" DePorre

Reliance on the Fed will help to keep support under the market but right now it is just deadly dull while we wait for some sort of news event.

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