We're Seeing These Market Reversals

Which stocks are trending bearish, which are going bullish.
Stocks quotes in this article: CHS, DRI, VIPS, CHD, DG, K, NLSN, WUBA, PE, YELP, CRUS, AKAM

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 

Consumer cyclical: Chico's (CHS) , Darden Restaurants (DRI) , Vipshop Holdings (VIPS)  

Consumer defensive: Church & Dwight (CHD) , Dollar General (DG) , Kellogg (K)  

Industrials: Nielsen Holdings (NLSN)

Technology: 58.com (WUBA)

Bearish Reversals 

Energy: Parsley Energy (PE)

Technology: Akamai (AKAM) , Cirrus Logic (CRUS) , Yelp (YELP)

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At the time of publication, Ortmann had no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Energy | Consumer Staples | Consumer Discretionary | Technology | Markets | Stocks

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