9 Stocks, Including Shake Shack, Poised to Change Direction

These names are showing signs of either bullish or bearish reversal patterns.
Stocks quotes in this article: S, SCG, SJM, ALL, CGNX, MDRX, STLD, SHAK, BKD

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: Sprint Corp. (S) , Scana Corp. (SCG)

Consumer Defensives: J.M. Smucker Co. (SJM)

Financial Services: Allstate Corp. (ALL)

Technology: Cognex Corp. (CGNX) , Allscripts Healthcare Solutions (MDRX)

Bearish Reversals:

Basic Materials: Steel Dynamics (STLD)

Consumer Cyclicals: Shake Shack (SHAK)

Healthcare: Brookdale Senior Living (BKD)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

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

TAGS: Investing | U.S. Equity | Markets | Stocks

More from Investing

Bearish Bets: 2 Nasdaq Stocks You Should Consider Shorting This Week

Bob Lang

These recently downgraded names are displaying both quantitative and technical deterioration.

Is It Luck or Is It Skill?

James "Rev Shark" DePorre

Luck impacts our trading much more than we realize. Acknowledging that fact can help improve results.

Snap's Pop Results in Our New Strategy

Bruce Kamich

The shares gapped higher after strong second-quarter earnings.

These 2 Names Are on My Watchlist Right Now

Timothy Collins

Here's what to look for with Playboy and Urban-gro.

Intel Slumps to a New Low From Their Move Down Started in April

Bruce Kamich

Let's check on the charts and indicators.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight