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)

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, 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

More from Healthcare

Go Long Veeva Systems on Strength as the Rally Could Extend Further

Bruce Kamich

The technical signals for the technology provider to the life science industry show its shares have upside potential.

Johnson & Johnson Weathers Storm but Needs to Build a New Base

Bruce Kamich

The healthcare giant's charts still show some signs of weakness but also indicate it could rally and make a base from a higher level.

Fiscal Support Package, Market Rally, Airlines Rebound, Investing Focus

Stephen Guilfoyle

I fully understand that there will at some point likely have to be a balancing of personal and economic risk. This economy can only be open for business if there is public confidence in 7 areas.

Quidel Soared in Recent Months but More Upside Remains

Bruce Kamich

Traders who are comfortable with risk could consider buying QDEL closer to $85 if available.

The Best Bounces Occur in Bear Markets

Timothy Collins

But don't get caught thinking volatility is in the past and we're all clear.

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