Finding the Bullish and Bearish Reversals

Which stocks have changed direction in the past week.
Stocks quotes in this article: NKE, NWS, ACHC, AET, DVA, SRCL, CSIQ, HIMX, SPWR, VG, MGM, CPB, MOH, CAR

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: Nike (NKE) , News Corp. (NWS)

Health care: Acadia Healthcare (ACHC) , Aetna (AET) , DaVita (DVA)  

Industrials: Stericycle (SRCL)  

Technology: Canadian Solar (CSIQ) , Himax Technologies (HIMX) , SunPower (SPWR)  

Bearish Reversals: 

Communication services: Vonage (VG)  

Consumer cyclical: MGM Resorts (MGM)

Consumer defensive: Campbell Soup (CPB)

Health care: Molina Healthcare (MOH)

Industrials: Avis Budget Group (CAR)

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

TAGS: Investing | U.S. Equity | Healthcare | Telecom Services | Markets | Consumer

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