Snap and Coca-Cola Are Among 16 Stocks That Are Ready to Change Direction

These names are showing bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: HAS, OMC, INFN, SNAP, UIS, APD, OC, DAN, PENN, KO, UN, CI, HON, URI, APH, SNPS

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. 

Honeywell is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells HON? Learn more now.

Bullish Reversals:

Consumer Cyclicals: Hasbro (HAS) , Omnicom Group (OMC)

Technology: Infinera Corp. (INFN) , Snap Inc. (SNAP) , Unisys (UIS)

Bearish Reversals:

Basic Materials: Air Products and Chemicals (APD) , Owens Corning (OC)

Consumer Cyclicals: Dana Inc. (DAN) , Penn National Gaming (PENN)

Consumer Defensives: Coca-Cola (KO) , Unilever (UN)

Healthcare: Cigna (CI)

Industrials: Honeywell (HON) , United Rentals (URI)

Technology: Amphenol (APH) , Synopsys (SNPS)

Honeywell is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells HON? Learn more now.

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.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long HON.

TAGS: Investing | U.S. Equity | Markets | Stocks

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