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)

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

TAGS: Investing | Penny Stocks | Stocks

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