US Equity

Dollar General and JPMorgan Are Among Eleven Stocks Ready to Change Direction

By

Guy Ortmann

 | Jun 04, 2018 | 2:45 PM EDT
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Stock quotes in this article:

ip

,

hcp

,

fit

,

sogo

,

anf

,

igt

,

dg

,

hlf

,

jpm

,

car

,

fslr

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:

Consumer Cyclicals: International Paper (IP)

Real Estate: HCP, Inc. (HCP)

Technology: Fitbit Inc. (FIT) , Sogou Inc. (SOGO)

Bearish Reversals:

Consumer Cyclicals: Abercrombie & Fitch (ANF) , International Game Technology (IGT)

Consumer Defensives: Dollar General (DG) , Herbalife Nutrition (HLF)

Financial Services: JPMorgan Chase (JPM)

Industrials: Avis Budget Group (CAR)

Technology: First Solar (FSLR)

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More From Guy Ortmann
At the time of publication, Ortmann had no positions in any securities mentioned.
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