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)