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: Vodafone (VOD)
Consumer cyclical: Las Vegas Sands (LVS)
Consumer defensive: Anheuser-Busch InBev (BUD) , Sprouts Farmers Market (SFM)
Health care: Puma Biotechnology (PBYI)
Industrials: Pentair (PNR)
Bearish Reversals
Energy: Concho Resources (CXO) , Devon (DVN) , Encana (ECA) , Noble Energy (NBL) , Petrobras (PBR) , Patterson-UTI Energy (PTEN)
Financial services: First Horizon National (FHN) , Synchrony Financial (SYF)
Health care: Amgen (AMGN) , Arry BioPharma (ARRY) , Ionis Pharmaceuticals (IONS)
Industrials: Chicago Bridge & Iron (CBI) , Goldfield (GV) , United Continental (UAL)
