US Equity

Dollar Tree Is One of 11 Stocks That Are Poised to Change Direction

By

Guy Ortmann

 | Mar 05, 2018 | 1:00 PM EST
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Stock quotes in this article:

xon

,

ddd

,

ttd

,

sqm

,

bwa

,

hlt

,

lkq

,

rh

,

dltr

,

chrw

,

bw

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:

Healthcare: Intrexon Corp. (XON)

Technology: 3D Systems (DDD) , The Trade Desk (TTD)

Bearish Reversals:

Basic Materials: Sociedad Química y Minera de Chile S.A. (SQM)

Consumer Cyclicals: BorgWarner (BWA) , Hilton Worldwide Holdings (HLT) LKQ Holdings (LKQ) , RH (RH)

Consumer Defensives: Dollar Tree (DLTR)

Industrials: C.H. Robinson Worldwide (CHRW)

Technology: Babcock & Wilcox (BW)

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More From Guy Ortmann
At the time of publication, Ortmann had no posiitons in the securities mentioned.
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