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)

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 positions in any securities mentioned.

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Pot Cos. Find That High Isn't Good When It Comes to Cost

Debra Borchardt

Value customers drive move away luxury pot products.

Messy Market Action Switches on the Yellow Lights

James "Rev Shark" DePorre

This shift in the character of the price action can't be shrugged off too quickly.

L3Harris Is Ready for an Upside Move

Bruce Kamich

Let's review the charts and indicators.

Jim Cramer: It's Dangerous Down Here in the Trough

Jim Cramer

But that's exactly where we are right now, in this third day of the rotation, so here's your path to safety.

Can Zoom Stay Top Dog Technologically?

Mark Sebastian

I just don't think ZM will ever be able to justify the current price with earnings.

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