9 Stocks Poised to Change Direction: Guess Which Way UPS Is Headed?

These well-known names are showing signs of either bullish or bearish reversal patterns.
Stocks quotes in this article: TSCO, WETF, UPS, GPT, ED, EW, DUK, AME, URI

Below and attached 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: Tractor Supply (TSCO)

Financial Services: WisdomTree Investments (WETF)

Industrials: United Parcel Service (UPS)

Real Estate: Gramercy Property Trust (GPT)

Utilities: Duke Energy (DUK) , Consolidated Edison (ED)

Bearish Reversals:

Healthcare: Edwards Lifesciences (EW)

Industrials: Ametek (AME) , United Rentals (URI)

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

TAGS: Investing | U.S. Equity | Markets | Stocks

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