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

Don't Waste Energy Divining Energy's Future; Ride With LNG Shippers Instead

Jim Collins

A hot market for liquefied natural gas makes companies that transport the fuel sensible plays at a time when oil is demonized.

Renewable Energy Group Is Set to Drive to New Highs

Bruce Kamich

REGI is the nation's largest biodiesel maker.

At What Price Is Ballard Power Systems a Buy?

Bruce Kamich

Let's check out the latest charts of BLDP.

Time to Nail Down Some Profits on Halliburton

Bruce Kamich

Our latest technical analysis and trading strategy for the oil services stock.

A Rising Tide Is Going to Lift LNG Shippers in a Very Cold Winter

Jim Collins

Also, my take on Jack Dorsey and Twitter, along with Facebook.

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