US Equity

8 Stocks That Are Ready to Change Direction

By

Guy Ortmann

 | Jan 29, 2018 | 12:00 PM EST
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Stock 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.
More From Guy Ortmann

At the time of publication, Ortmann had no position in any securities mentioned.

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