Walmart Is One of 6 Big Names Ready to Change Direction

These stocks are exhibiting bullish and bearish reversal patterns over the past week.
Stocks quotes in this article: UA, FTK, CNDT, CRTO, WMT, AKRX

Below and attached 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.

Bullish Reversals:

Consumer Cyclicals: Under Armour (UA)

Energy: Flotek Industries (FTK)

Industrials: Conduent Inc. (CNDT)

Technology: Criteo S.A (CRTO)

Bearish Reversals:

Consumer Defensives: Walmart (WMT)

Healthcare: Akorn, Inc. (AKRX)

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

TAGS: Investing | U.S. Equity | Stocks

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