These Stocks Are Ready to Reverse Course

 | Jul 31, 2017 | 2:30 PM EDT
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Stock quotes in this article:

nem

,

t

,

vz

,

dis

,

tsco

,

coty

,

cve

,

eog

,

hlx

,

cof

,

irm

,

nlsn

,

ddr

,

kim

,

jci

,

px

,

blmn

,

dri

,

gt

,

ipg

,

tmhc

,

twnk

,

abbv

,

antm

,

azn

,

bsx

,

cyh

,

hca

,

aos

,

csx

,

gd

,

ir

,

jblu

,

ktos

,

luv

,

mmm

,

utx

,

extr

,

mrvl

,

mu

,

twtr

,

wdc

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: Newmont Mining (NEM)

Communication Services: AT&T (T) , Verizon Communications (VZ)

Consumer Cyclicals: Disney (DIS) , Tractor Supply (TSCO)

Consumer Defensives: Coty (COTY)

Energy: Cenovus Energy (CVE) , EOG Resources (EOG) , Helix Energy Solutions (HLX)

Financial Services: Capital One Financial (COF)

Industrials: Iron Mountain (IRM) , Nielsen Holdings (NLSN)

Real Estate: DDR Corp. (DDR) , Kimco Realty (KIM)

Bearish Reversals:

Basic Materials: Johnson Controls International (JCI) , Praxair (PX)

Consumer Cyclicals: Bloomin' Brands (BLMN) , Darden Restaurants (DRI) , Goodyear Tire & Rubber (GT) , Interpublic Group (IPG) , Taylor Morrison Home (TMHC)

Consumer Defensives: Hostess Brands (TWNK)

Healthcare: AbbVie (ABBV) , Anthem (ANTM) , AstraZeneca (AZN) , Boston Scientific (BSX) , Community Health Systems (CYH) , HCA Healthcare (HCA)

Industrials: A.O. Smith (AOS) , CSX (CSX) , General Dynamics (GD) , Ingersoll-Rand (IR) , JetBlue Airways (JBLU) , Kratos Defense & Security Solutions (KTOS) , Southwest Airlines (LUV) , 3M (MMM) , United Technologies (UTX)

Technology: Extreme Networks (EXTR) , Marvell technology (MRVL) , Micron Technology (MU) , Twitter (TWTR) , Western Digital (WDC)

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