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

With Oracle Showing Weekly Buying Interest, Is It at a Turning Point?

Bruce Kamich

We'll be watching to see whether a second-quarter earnings beat and solid guidance trigger more positive signals in the cloud giant's charts.

The Bear Is Growling: Market Recon

Stephen Guilfoyle

We all know that the FOMC went too far by now. They know it as well. They have to.

Safe Havens Are a Smart Trade Right Now

Ed Ponsi

Let's face it, there aren't a lot of pretty stock charts right now.

BP Could Be Set for a Rebound as Downside Momentum Has Slowed

Bruce Kamich

Shares of the oil giant are still pointed down but the pace of the decline has slowed, so any improvement in oil prices could spark a reversal.

The Catalyst for This Correction Is Confused and Uncertain

James "Rev Shark" DePorre

And that only makes matters worse.

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