Bullish and Bearish Reversals for the Week

Consumer cyclical and defensive names are showing bearish characteristics.
Stocks quotes in this article: CSTM, CCI, CHS, ANF, GPS, HRB, LULU, COST, CPB, HSY, TASR

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)

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 had no positions in any of the securities mentioned.

Action Alerts PLUS, which Jim Cramer co-manages as a charitable trust, is long COST.

TAGS: Investing | U.S. Equity | Stocks

More from Investing

Marvell Technology Now Displays a Bullish Picture

Bruce Kamich

We are no longer standing aside.

Netflix and Snap Charts Say Wait for More Pullback Action to Buy

Ed Ponsi

The stocks of the streaming giant and the social media company appear to have additional downside ahead.

Qualtrics International Sees Its Charts Greatly Improve

Bruce Kamich

The technical signals indicate a bit more aggressive buying of its shares of late.

Now Comes the Hard Job of Building on Wednesday's Bounce

James "Rev Shark" DePorre

The heavy selling pressure on certain areas of the market lifted, but generating more positive momentum will not be easy.

The Hour Glass Phenomena, Oh Canada, Portfolio Haircut, Earth Day, ESG Investing

Stephen Guilfoyle

Canada made the developed world's first moves toward normalizing monetary policy coming out of the pandemic, despite the fact that Canada does not seem to be flattening its own curve.

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