These Stocks Are Ready to Reverse Course

This week's bullish and bearish reversal patterns.
Stocks quotes in this article: KSS, SBH, RIG, KBR, GPRO, YELP, AXTA, CENX, BLL, TRVG, DISH, CHD, DK, LNG, BAX, BKD, HOLX, ETN, AAOI, BRCD, CERN, CRUS, INFN, TTMI

Below is a list of names for those charts we feel 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:

Consumer Cyclical: Kohl's (KSS) , Sally Beauty Holdings Inc  (SBH)

Energy: Transocean  (RIG)

Industrials: KBR Inc  (KBR)

Technology: GoPro Inc  (GPRO) , Yelp Inc  (YELP)

Bearish Reversals:

Basic Materials: Axalta Coating Systems Ltd  (AXTA) , Century Aluminum  (CENX)

Communication Services: Dish Network  (DISH)

Consumer Cyclical: Ball Corp  (BLL) , Trivago  (TRVG)

Consumer Defensive: Church & Dwight Co  (CHD)

Energy: Delek US Holdings  (DK) , Cheniere Energy Inc  (LNG)

Healthcare: Baxter International  (BAX) , Brookdale Senior Living Inc  (BKD) , Hologic Inc  (HOLX)

Industrials: Eaton Corp  (ETN)

Technology: Applied Optoelectronics  (AAOI) , Brocade Communications Systems Inc  (BRCD) , Cerner Corp  (CERN) , Cirrus Logic Inc  (CRUS) , Infinera Corp  (INFN) , TTM Technologies Inc  (TTMI)

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

TAGS: Investing | U.S. Equity | Consumer Discretionary | Energy | Industrials | Technology | Markets | Consumer | Stocks

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