GoPro Is Among Seven Stocks Poised for a Reversal

These names are showing technical characteristics of either bullish or bearish reversal patterns.
Stocks quotes in this article: MIK, SIG, AMP, ENDP, MNK, DDR, GPRO

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: The Michaels Companies (MIK) , Signet Jewelers (SIG)

Financial Services: Ameriprise Financial (AMP)

Health Care: Endo International (ENDP) , Mallinckrodt plc (MNK)

Real Estate: DDR Corp. (DDR)

Technology: GoPro (GPRO)

Bearish Reversals:

None

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 any securities mentioned

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Suddenly, a Fear of Heights on Wall Street

Helene Meisler

Sentiment anecdotally shifted on Wednesday. Let's take a look.

Fear and Anxiety on Wall Street

James "Rev Shark" DePorre

We've got fear of missing out and wariness that the market may keep running away to the upside.

Peabody Is Glowing Hot

Mark Sebastian

Here's how to play Peabody Energy as it looks like it could fire up over $25.

It's Hard to Say What's Cookin' at Weber, Though It Smells Like a Short Squeeze

Jonathan Heller

The grillmaker's stock has traded wildly and heavily at times, most recently this week after it posted its latest results on Monday.

Dour Day Shows Why I've Been Raising Cash Into Strength

James "Rev Shark" DePorre

I'm not aggressively bearish, but just waiting for better technical conditions.

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