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)

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 the securities mentioned.

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Bearish Bets: 3 Stocks You Should Think About Shorting This Week

Bob Lang

These recently downgraded names are displaying both quantitative and technical deterioration.

For Smith & Wesson, Load, Cock and Fire Another Round

Bret Jensen

Here's how to aim for this gunmaker once more with a covered-call play.

The 10 Personality Traits of Successful Traders and Investors

James "Rev Shark" DePorre

Superior market players share these characteristics in their emotional makeup.

Does the Big Bounce Mean More to Come? Let's See What Drove the Move

James "Rev Shark" DePorre

Much of the rally can be attributed to structural reasons, not fundamentals, technicals, or even macro ones.

MongoDB Is Poised for a Rally

Bruce Kamich

Here's our initial upside price target for MDB which provides a general purpose database platform.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight