10 Stocks That Are Ready to Change Direction

These names are showing bullish and bearish reversal patterns.
Stocks quotes in this article: CNK, NOK, QRVO, VIAV, FMC, TPH, TSN, ANDV, CGNX, CREE

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:

Consumer Cyclicals: Cinemark Holdings (CNK)

Technology: Nokia (NOK) , Qorvo (QRVO) , Viavi Solutions (VIAV)

Bearish Reversals:

Basic Materials: FMC Corp. (FMC)

Consumer Cyclicals: TRI Pointe Group (TPH)

Consumer Defensives: Tyson Foods (TSN)

Energy: Andeavor (ANDV)

Technology: Cognex Corp. (CGNX) , Cree, Inc. (CREE)

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

TAGS: Investing | U.S. Equity | Stocks

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