Bullish and Bearish Reversals for the Week

These stocks are indicating a change in direction.
Stocks quotes in this article: GOLD, SSRI, MJN, DPLO, AGN, ABT, DATA, INFN, MDU, NUE, IP, ATW, CNX, MET, AMTD, EW, UPS

Below is a list of names for those charts we feel 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 

Basic materials: Randgold Resources (GOLD) , Silver Standard Resources (SSRI)

Consumer defensive: Mead Johnson Nutrition (MJN)  

Health care: Abbott Labs (ABT) , Allergan (AGN) , Diplomat Pharmacy (DPLO)

Technology: Tableau Software (DATA) , Infinera (INFN)

Bearish Reversals 

Basic materials: MDU Resources (MDU) , Nucor (NUE)

Consumer cyclical: International Paper (IP)

Energy: Atwood Oceanics (ATW) , Consol Energy (CNX)

Financial services: TD Ameritrade (AMTD) , MetLife (MET)

Health care: Edwards Lifesciences (EW)  

Industrial: United Parcel Service (UPS)

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 the stocks mentioned.

TAGS: Investing | U.S. Equity | Energy | Healthcare | Basic Materials | Consumer | Stocks

More from Energy

Now Is a Good Time to Buy Natural Gas Stocks

Jim Collins

Spiking natural gas prices are an inevitable and inexorable result of government policies that demonize fossil fuels.

Chevron Is Finding Support and Getting Ready to Rally

Bruce Kamich

Let's check the charts and indicators.

Gas Is Moving Like ... Ether

Maleeha Bengali

Let's look at these wild, crypto-like moves in gas prices, what they mean, and why gas is not oil.

Prospective Pickings Are Slim for This Annual Portfolio of Unloved Losers

Jonathan Heller

The current candidates for the 2022 Tax-Loss Selling Recovery Portfolio are few and far between, with only a couple households names in the bunch.

Tellurian Still Doesn't Tell a Convincing Story Based on Its Charts

Bruce Kamich

The shares of the developer of liquefied natural gas projects could rally again but do involve risk.

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