Bullish & Bearish Reversals for the Week

Energy and consumer defensive names dominate on the bearish side.
Stocks quotes in this article: CVRR, LC, HALO, AMT, FBHS, CL, DPS, MO, CNQ, CVX, ETP, MCK, PNR, DOC, WPG

Below is a list of names for those charts we believe are showing technical characteristics of 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:

Energy: CVR Refining (CVRR)

Financial Services: LendingClub (LC)

Health Care: Halozyme Therapeutics (HALO)

Bearish Reversals:

Communication Services: American Tower (AMT)

Consumer Cyclicals: Fortune Brands Home & Security (FBHS)

Consumer Defensives: Colgate-Palmolive (CL) , Dr Pepper Snapple (DPS) , Altria (MO)

Energy: Canadian Natural Resources (CNQ) Chevron (CVX) , Energy Transfer Partners (ETP)

Health Care: McKesson (MCK)

Industrials: Pentair (PNR)

Real Estate: Physicians Realty Trust (DOC) , Washington Prime Group (WPG)

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, Guy Ortmann had no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Energy

More from Energy

Chinese Sweet Talk, Banks Perk Up, and a Swing at Cintas: Market Recon

Stephen Guilfoyle

Plus, a look at the uncertain prospects for a Saudi Aramco initial public offering.

The Price of PG&E Is Headed Still Lower in the Weeks Ahead

Bruce Kamich

Let's check out the charts for some guidance.

Quick Trade for Crude

Ed Ponsi

Here's a short-term trade for crude, as the longer-term trend in oil remains bearish.

Ecuador Is Leaving OPEC, Is It a Sign of Things to Come?

Maleeha Bengali

Ecuador had asked OPEC for permission to produce above its quota, but it was never answered. It matters little to OPEC -- but for Ecuador, it no longer serves its interests to be part of this bigger organization.

Placid Indices Cover Up an Extremely Difficult Trading Market

James "Rev Shark" DePorre

The technical pattern of the indices actually looks quite promising, but under the surface is a different story.

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