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

How to Trade Palo Alto Networks Right Now

Bruce Kamich

A technical strategy for the cyberscecurity giant.

Living Dangerously, Trading Volumes and E-Commerce Sales

Stephen Guilfoyle

With the faster news cycle and quicker speed of transactions, it makes sense that a market bottom might be reached quicker. But this looks more like a retest than a bottom.

Patience Is Your Most Powerful Tool for Dealing With This Crisis

James "Rev Shark" DePorre

Trying to guess the exact market bottom increases your risk of buying at the wrong time. There is no way to know how much further the market may drop from here.

The Retest Is Real

Helene Meisler

Now that we're up -- and haven't given it back yet -- I am asked how we can possibly retest with the Fed lending a helping hand ... here's how.

Richly-Valued Tech Firms Could See Multiples Drop if There Isn't a Fast Recovery

Eric Jhonsa

Should growth expectations have to come down for more than a few months due to macro headwinds, tech companies sporting high valuations will likely see multiple compression.

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