GE and Kohl's Are Among 2 Stocks Poised For Reversal

These names are showing bullish and bearish technical patterns over the past week.
Updated
Stocks quotes in this article: DVN, XEC, GE, AAOI, AWK, SO, KSS, VIPS, NKTR, COL

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. (* denotes author has a long position in the name,**indicates the author has a short position in the name.)

Bullish Reversals:

Energy: Devon  (DVN) , Cimarex   (XEC)

Industrials: General Electric  (GE)

Technology: Applied Optoelectronics  (AAOI)

Utilities: American Water Works  (AWK) , Southern (SO)

Bearish Reversals:

Consumer Cyclical: Kohl's  (KSS) , Vipshop Holdings  (VIPS)

Healthcare: Nektar (NKTR)

Industrials: Rockwell Collins  (COL)

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At the time of publication, Action Alerts PLUS, which Jim Cramer co-manages as a charitable trust, was long KSS and XEC.

TAGS: Investing | U.S. Equity | Healthcare | Basic Materials | Consumer Discretionary | Stocks

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