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)

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 | Stocks

More from Investing

From Harley to Snap: Top 7 Stocks to Watch this Week

Dave Butler

They include sizzling household names -- such as McDonald's and Facebook -- and regional banks -- such as First Commonwealth -- and they are all names to keep an eye on this week as earnings come in.

The Billionaire Chart Reader

James "Rev Shark" DePorre

For small investors and traders without the resources of major funds, the price action is a cheap road map.

Backtracking Fed Puts an End to Market Celebration

James "Rev Shark" DePorre

After what happened to Microsoft stock on its superb report we now have to be a little concerned.

Software High-Flyers Face High Expectations -- Just Ask Microsoft and SAP

Eric Jhonsa

Wall Street's cool response to Microsoft's strong earnings report, and its harsh response to SAP's mildly disappointing report, shows that many enterprise software stocks are now dealing with a small margin of error.

Schlumberger Had a Long Decline but That Does Not Make It a Buying Opportunity

Bruce Kamich

We cannot rule out new lows for a move down in the weeks ahead.

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