GE and AMD Are Among 10 Big-Name Stocks Ready to Reverse Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Stocks quotes in this article: RES, GE, CVNA, KMX, PEP, TNDM, LHO, AMD, CDNS, SABR

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:

Energy: RPC, Inc. (RES)

Industrials: General Electric (GE)

Bearish Reversals:

Consumer Cyclicals: Carvana (CVNA) , CarMax (KMX)

Consumer Defensives: PepsiCo (PEP)

Healthcare: Tandem Diabetes Care (TNDM)

Real Estate: Laboratory Corp. of America (LHO)

Technology: Advanced Micro Devices (AMD) , Cadence Design Systems (CDNS) , Sabre Corp. (SABR)

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

TAGS: Investing | Stocks

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