Bullish and Bearish Reversals for This Week

Financials have moved to the bearish side, this week.
Stocks quotes in this article: BLL, GPS, DLTR, NVO, GRUB, CE, KS, CAG, DPS, CDEV, CME, RY, NCR

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.

Bullish Reversals:

Consumer Cyclical: Ball Corporation  (BLL) , The Gap  (GPS)

Consumer Defensive: Dollar Tree  (DLTR)

Healthcare: Novo Nordisk  (NVO)

Technology: GrubHub  (GRUB)

Bearish Reversals:

Basic Materials: Celanese  (CE) , KapStone Paper and Packaging  (KS)

Consumer Defensive: Conagra Brands  (CAG) , Dr Pepper Snapple Group  (DPS)

Energy: Centennial Resource Development  (CDEV)

Financial Services: CME Group  (CME) , Royal Bank of Canada  (RY)

Technology: NCR  (NCR)

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 the securities mentioned.

TAGS: Investing | U.S. Equity | Consumer Discretionary | Consumer Staples | Financial Services | Healthcare | Technology

More from Consumer Discretionary

United Rentals Looks Like They Made a Top Reversal and Will Head Lower

Bruce Kamich

Let's check the charts to see if we should invest or just rent.

Clorox Stock Looks Ready for a Clean Upside Breakout: Buy Strength

Bruce Kamich

Here's how to play the shares.

Collect These 2 Firms' Nice Payouts While Waiting for Their Shares to Perk Up

Bret Jensen

Cedar Fair L.P. and Grief Inc. both provide solid yields and attractive long-term prospects.

Bed Bath & Beyond Is Testing Its December Nadir: Breakdown or Speculative Buy?

Bruce Kamich

Let's check the charts and indicators after the retailer's latest quarterly results.

Home Depot Could Nail It, With an Upside Breakout

Bruce Kamich

HD looks capable of making an upside breakout over $215, here's how to play it.

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