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)

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At the time of publication, Guy Ortmann had no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Energy

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