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

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

TAGS: Investing | U.S. Equity | Stocks

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