Below is a list of names for those charts we believe 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.
Bullish Reversals:
Basic Materials: Constellium (CSTM)
Communication Services: Crown Castle International (CCI)
Consumer Cyclicals: Chico's FAS (CHS)
Bearish Reversals:
Consumer Cyclicals: Abercrombie & Fitch (ANF) , Gap (GPS) , H&R Block (HRB) , lululemon athletica (LULU)
Consumer Defensives: Costco Wholesale (COST) , Campbell Soup (CPB) , Hershey (HSY)
Industrials: TASER International (TASR)