These Stocks Show a Change of Direction

Finding bullish and bearish reversals in the market.
Stocks quotes in this article: APA, SWFT, BBRY, GNTX, KATE, NCLH, ROST, SEAS, SC, TSRO, CLVS, VNTV, RHI, AAOI, ADI, XLNX

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 

Energy: Apache (APA)  

Industrials: Swift Transportation (SWFT)

Technology: BlackBerry (BBRY)  

Bearish Reversals 

Consumer cyclical: Gentex (GNTX) , Kate Spade (KATE) , Norwegian Cruise Line (NCLH) , Ross Stores (ROST) , SeaWorld (SEAS)

Financial services: Santander Consumer (SC)

Health care: Clovis Oncology (CLVS) , Tesaro (TSRO)

Industrials: Robert Half International (RHI) , Vantiv (VNTV)

Technology: Applied Optoelectronics (AAOI) , Analog Devices (ADI) , Xilinx (XLNX)

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

TAGS: Investing | U.S. Equity | Energy | Healthcare | Industrials | Markets | Gaming | Stocks

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