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)

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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

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