Comcast Is Among 8 Stocks That Are Ready to Change Direction

These names are showing bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: CMCSA, BBD, BSMX, DEPO, NVS, AYI, CRUS, TRUE

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:

Communication Services: Comcast (CMCSA)

Financial Services: Banco Bradesco S.A. (BBD) , Banco Santander (Mexico) (BSMX)

Healthcare: Depomed (DEPO) , Novartis (NVS)

Technology: Acuity Brands (AYI) , Cirrus Logic (CRUS) , TrueCar (TRUE)

Bearish Reversals:

None

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

Action Alerts PLUS, which Jim Cramer manages as a charitable trust, is long CMCSA.

TAGS: Investing | U.S. Equity | Stocks

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