These Stocks May Be About to Change Direction

Seven names that have technical characteristics of either bullish or bearish reversal patterns.
Stocks quotes in this article: ALB, OLN, TPX, NAVI, DVMT, HIMX, BLMN

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. Please feel free to contact the author for further details.

Bullish Reversals:

Basic Materials: Albemarle Corp. (ALB) , Olin Corp. (OLN)

Consumer Cyclicals: Tempur Sealy International (TPX)

Financial Services: Navient Corp. (NAVI)

Technology: Dell Technologies (DVMT) , Himax Technologies (HIMX)

Bearish Reversals:

Consumer Cyclicals: Bloomin' Brands (BLMN)

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

TAGS: Investing | U.S. Equity | Stocks

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