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)

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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

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