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)

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

TAGS: Investing | U.S. Equity | Stocks

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