9 Stocks That Are Set to Reverse Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: ALB, OI, TLRD, SWK, HOME, TVPT, URBN, CADE, NTNX

Below is a list of stocks for whose 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.

Each group is listed by sector affiliation. Please feel free to contact the author for further details.

Bullish Reversals:

Basic Materials: Albemarle (ALB)

Consumer Cyclicals: Owens-Illinois (OI) , Tailored Brands (TLRD)

Industrials: Stanley Black & Decker (SWK)

Bearish Reversals:

Consumer Cyclicals: At Home Group (HOME) , Travelport Worldwide (TVPT) , Urban Outfitters (URBN)

Financial Services: Cadence Bancorporation (CADE)

Technology: Nutanix (NTNX)

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At the time of publication, Ortmann had no positions in any securities mentioned.

TAGS: Investing | Stocks

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