8 Stocks Poised to Change Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns.
Stocks quotes in this article: LNC, PFG, PRU, ACAD, AAL, CPRT, PRTY, CBRE

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.

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

Bullish Reversals:

Financial Services: Lincoln National (LNC) , Principal Financial Group (PFG) , Prudential Financial (PRU)

Healthcare: Acadia Pharmaceuticals (ACAD)

Industrials: American Airlines (AAL)

Bearish Reversals:

Consumer Cyclical: Copart, Inc. (CPRT) , Party City (PRTY)

Real Estate: CBRE Group (CBRE)

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 the securities mentioned.

TAGS: Investing | Penny Stocks | Stocks

More from Penny Stocks

With Commodities Up in the Air, Wait for the Dust to Settle

Carley Garner

Let's see how extreme volatility is exacerbated by extreme illiquidity amid chaotic pricing in wheat, crude.

Growth Doesn't Come From Issuing Press Releases

Timothy Collins

Smart investors can see through empty news statements about even the latest SPAC or NFT.

Short-Selling Is a Vital Part of the Stock Market

Bob Lang

Part two of a three-part series about the recent GameStop trading explosion spurred by subreddit channel WallStreetBets.

This Market Now Belongs to Penny-Chasing Wanna-Be-Millionaires

Maleeha Bengali

This seems awfully similar to the 2000 tech boom when everyone was a genius being long. What could possibly go wrong?

Don't Fight the Trend - But Beware of Chasing

Guy Ortmann

Pursuing stocks that are extended may prove regrettable.

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