These Stocks Have Changed Direction

Finding bullish and bearish reversals in the market.
Stocks quotes in this article: RL, PRGO, CTRP, AMTD, ARNA, ZTS, CMI, ITW, KMT, CLNS, Z, NTES, TRUE

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: Ralph Lauren (RL)

Healthcare: Perrigo (PRGO)  

Bearish Reversals 

Consumer cyclical: Ctrip (CTRP)

Financial services: TD Ameritrade (AMTD)

Healthcare: Arena Pharmaceuticals (ARNA) , Zoetis (ZTS)

Industrials: Cummins (CMI) , Illinois Tool Works (ITW) , Kennametal (KMT)

Real estate: Colony NorthStar (CLNS) , Zillow (Z)  

Technology: NetEase (NTES) , TrueCar (TRUE)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity | Consumer Discretionary | Healthcare | Real Estate | Technology | Markets | Consumer | Stocks

More from Real Estate

I'm Not Banking on Full Normalcy Returning in 2021

Bret Jensen

The exodus out of large, high tax and high-density cities will continue in 2021 even if it might not be at quite the same pace.

Off to Charleston to Scout Real Estate Opportunities

Bret Jensen

This city should be a primary beneficiary of the exodus out of the large and high tax places that has accelerated thanks to the pandemic.

A 9% Yield and Growth Never Gets Old

Bob Ciura

This healthcare REIT is capitalizing on a major trend: the aging U.S. population.

This High-Yield Dividend Aristocrat Is on Sale

Bob Ciura

In this uncertain climate, real estate investors should focus on high-quality REITs.

A High-Yield REIT With a Secure Dividend

Bob Ciura

The stock is an attractive option for income investors.

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