Lennar Is One of 6 Stocks Poised to Change Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: LEN, OIS, OXY, OFC, AABA, IOVA

Below 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: Lennar Group (LEN)

Energy: Oil States International (OIS) , Occidental Petroleum (OXY)

Real Estate: Corporate Office Properties Trust (OFC)

Bearish Reversals:

Financial Services: Altaba Inc. (AABA)

Health Care: Iovance Biotherapeutics (IOVA)

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At the time of publication, Ortmann had no positions in any securities mentioned.

TAGS: Investing | U.S. Equity | Consumer Discretionary | How-to

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