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

VF Corp. Should Have a VFC (Very Fine Chance) of Becoming a Dividend King

Chris Versace

The apparel maker weathered the pandemic storm sufficiently to raise its quarterly payout recently for a 48th straight year.

An OK Thursday, Man vs. Machine, Labor Labors, QE Forever?: Market Recon

Stephen Guilfoyle

Plus, we check in on Peloton and Datadog and the Nasdaq Composite Index.

Royal Caribbean's Charts Could Soon Be Going Below Deck

Bruce Kamich

Be a landlubber for now and avoid the long side of RCL.

Housing-Related Stocks Continue to Build Momentum

Bret Jensen

A small western homebuilder and a furniture maker are the latest to see their businesses improve amid the pandemic.

Rummaging Through the Bargain Bin Turns Up a Trio of Names

Bret Jensen

Beazer Homes USA, Olin Corp. and TravelCenters of America are showing signs of life and are worth consideration.

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