These Stocks Have Changed Direction

Finding bullish and bearish reversals in the market.
Stocks quotes in this article: CVX, PSX, MET, RUN, CC, PAH, FIVE, COST, YPF, AMKR, VEEV, KLAC

Below is a list of names for those charts we feel 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 

Energy: Chevron (CVX) , Phillips 66 (PSX)

Financial services: MetLife (MET)

Technology: Sunrun (RUN)

Bearish Reversals

Basic Materials: Chemours (CC) , Platform Specialty Products (PAH)  

Consumer cyclical: Five Below (FIVE)

Consumer defensive: Costco (COST)

Energy: YPF (YPF)

Technology: Amkor Technology (AMKR) , KLA-Tencor (KLAC) , Veeva Systems (VEEV)

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

TAGS: Investing | U.S. Equity | Energy | Technology | Markets | Consumer | Stocks

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