These Stocks Are Ready to Reverse Course

Identifying this week's bullish and bearish reversal patterns.
Stocks quotes in this article: CF, GNC, SYF, VNO, PPG, INO, MDT, ABB, UNP, CHKP, ERIC, UAL

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:

Basic Materials: CF Industries Holdings (CF)

Consumer Defensives: GNC Holdings (GNC)

Financial Services: Synchrony Financial (SYF)

Real Estate: Vornado Realty Trust (VNO)

Bearish Reversals:

Basic Materials: PPG Industries (PPG)

Health Care: Inovio Pharmaceuticals (INO) , Medtronic (MDT)

Industrials: ABB Ltd. (ABB) , United Continental Holdings (UAL) , Union Pacific (UNP)

Technology: Check Point Software Technologies (CHKP) , Ericsson (ERIC)

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

TAGS: Investing | U.S. Equity | Stocks

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