These Stocks Have Changed Direction

Finding bullish and bearish reversals in the market.
Stocks quotes in this article: HCLP, APC, DO, DVN, NBR, OAS, OXY, SLB, WLL, XOG, AMZN, CCL, YUM, PEP, INCY, AVGO

Below is a list of names for those charts we feel 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: H-Crush Partners (HCLP)

Energy: Anadarko Petroleum (APC) , Diamond Offshore (DO) , Devon (DVN) , Nabors Industries (NBR) , Oasis Petroleum (OAS) , Occidental Petroleum (OXY) , Schlumberger (SLB) , Whiting Petroleum (WLL) , Extraction Oil & Gas (XOG)

Bearish Reversals 

Consumer cyclical: Amazon (AMZN) , Carnival (CCL) , Yum Brands (YUM)

Consumer defensive: PepsiCo (PEP)

Healthcare: Incyte (INCY)

Technology: Broadcom (AVGO)

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 stocks mentioned.

TAGS: Investing | U.S. Equity | Energy | Healthcare | Basic Materials | Technology | Markets | Consumer | Stocks

More from Energy

See That Down the Road? It's the Big 'Green' Bubble, Ready to Pop

Jim Collins

Environmental, social, and corporate governance has created a monster and gullible investors should hit the brakes on their EVs and run from the Washington technocrats while they have the chance.

Weber's Rally Was Cooked Up By the Shorts and Something I Experienced First Hand

Jonathan Heller

It should be an interesting ride from here.

Will This Year's Energy and Commodity Trades Become Last Year's Tumbling Tech?

Helene Meisler

I can't remember the last time anyone asked me about Apple. No one cares.

Here's What You Need to Know About Investing in Energy

Jim Collins

The rudderlessness in DC has created an environment that's downright hostile to domestic exploitation of hydrocarbons.

Occidental Petroleum Could See Its Charts Improve as Buffett Ups His Stake

Bruce Kamich

The stock of the oil giant has been sliding of late but should receive a boost as the Oracle of Omaha buys more Oxy shares.

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