These Stocks Are Ready to Reverse Course

This week's bullish and bearish reversal patterns.
Stocks quotes in this article: BVN, SSRM, URBN, BUFF, SSW, MRVL, BZUN, KBH, LEN, TOL, W, COTY, AIG, CB, PRU, TRV, XL, ALR, SYK, DE, VEEV

Below is a list of names whose charts are showing technical characteristics of either bullish or bearish reversal patterns 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: Compania de Minas Buenaventura (BVN) , SSR Mining (SSRM)

Consumer Cyclicals: Urban Outfitters (URBN)

Consumer Defensives: Blue Buffalo Pet Products (BUFF)

Industrials: Seaspan  (SSW)

Technology: Marvell Technology Group (MRVL)

Bearish Reversals:

Consumer Cyclicals: Baozun (BZUN) KB Home (KBH) , Lennar (LEN) , Toll Brothers (TOL) , Wayfair (W)

Consumer Defensives: Coty (COTY)

Financial Services: American International Group (AIG) , Chubb (CB) , Prudential Financial (PRU) , Travelers Cos. (TRV) , XL Group (XL)

Healthcare: Alere (ALR) , Stryker (SYK)

Industrials: Deere & Co. (DE)

Technology: Veeva Systems (VEEV)

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At the time of publication, Ortmann was short W.

TAGS: Investing | U.S. Equity | Stocks

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