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)

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 was short W.

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Emotions Run High as Indexes Slip

James "Rev Shark" DePorre

I've raised a bit of cash, but it's still unclear what will emerge from here.

'Mortal Kombat' on the Market

Peter Tchir

Let's pick apart the wild action in individual stocks -- especially GameStop -- and see what to expect going forward.

Butterflies Are Free: This GameStop Options Play Is Hardly Ever Seen

Timothy Collins

I'll take a 66% risk-free rate of return in six months anytime.

Walgreens Boots Alliance Rallies Ahead of Earnings

Bruce Kamich

Has WBA rallied too much?

Apple Earnings Land After Close -- Here's What the Charts Say

Bruce Kamich

This is what I see going into the release of AAPL's quarterly report.

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