VMware and Chevron Are Among 11 Well-Known Stocks Ready to Change Direction

These names are showing bullish and bearish technical patterns over the past week.
Stocks quotes in this article: AMC, EXPR, ESV, HAL, MUR, VMW, PNC, HZNP, FAST, INFY, CVX

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: AMC Entertainment Holdings (AMC) , Express (EXPR)

Energy: Chevron (CVX) , Ensco plc (ESV) , Halliburton (HAL) , Murphy Oil Corp. (MUR)

Technology: VMware (VMW)

Bearish Reversals:

Financial Services: PNC Financial Services Group (PNC)

Healthcare: Horizon Pharma (HZNP)

Industrials: Fastenal (FAST)

Technology: Infosys (INFY)

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 any securities mentioned.

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Jim Cramer: With Biden the Democratic Favorite, These Stocks Are Front-Runners

Jim Cramer

These managed care stocks can withstand China, politics and a slowdown in the economy.

'Wear You Out' Action Suggests More Downside to Come

James "Rev Shark" DePorre

The bears didn't' run scared Monday.

Buckle Up, Tesla Continues to Point Lower

Bruce Kamich

Traders need to look way back to the end of 2016 for a possible support area.

Chart of the Day: Sizing Up the Huawei Hit to Semiconductor Stocks

Kevin Curran

Not all semiconductor stocks are poised to experience the same headwind from Huawei.

Some Patterns on Nordstrom Show Promise but This Is Not a Base Yet

Bruce Kamich

Let's check out the charts and indicators ahead of Tuesday's earnings.

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