Bullish and Bearish Reversals in the Market

Finding the stocks that have changed direction.
Stocks quotes in this article: GOGO, KO, MNST, AKRX, KND, NKTR, TXMD, DAR, SO, GG, ABX, ETSY, KMX, LQ, MDR, DRH, APLE, NVDA, PANW

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 

Communication services: Gogo (GOGO)

Consumer defensive: Coca-Cola (KO) , Monster Beverage (MNST)

Health care: Akorn (AKRX) , Kindred Healthcare (KND) , Nektar Therapeutics (NKTR) , TherapeuticsMD (TXMD)

Industrials: Darling Ingredients (DAR)

Utilities: Southern (SO)

Bearish Reversals 

Basic materials: Barrick Gold (ABX) , Goldcorp (GG)

Consumer cyclical: Etsy (ETSY) , CarMax (KMX) , La Quinta (LQ)

Energy: McDermott International (MDR)

Real estate: Apple Hospitality REIT (APLE) , D.R. Horton (DRH)  

Technology: Nvidia (NVDA) , Palo Alto Networks (PANW)

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 stocks mentioned.

TAGS: Investing | U.S. Equity | Energy | Healthcare | Basic Materials | Real Estate | Markets | Consumer | Stocks

More from Energy

Plug Power: Hope Is Not an Investment Strategy

Bruce Kamich

Plug Power may not be a reliable source for investors hoping to capture some solid gains from the fuel cell battery maker's stock price.

This Deep-Value Portfolio Keeps Plugging Along

Jonathan Heller

These 22 stocks in the aggregate continue to outpace the Russell 2000 and Russell Microcap indices as all but three are in positive territory.

3 Companies Where Insiders Are Buying Near Recent Bottoms

Bret Jensen

The insider purchases were at an oil refiner, a video game maker and a retailer of recreational vehicles.

Oil Prices Can Rise Further -- Plus ULTA and Cloud Stocks to Watch: Market Recon

Stephen Guilfoyle

This recent oil price surge in price is not over, and not priced in. Here is how I am playing it.

Boeing's MAX 8 Disaster Doesn't Bear Much on General Electric Outlook

Kevin Curran

Overall, analysts are optimistic that turnaround timelines will be able to remain on track.

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