Bullish and Bearish Reversals for the Week

Technology stocks dominate the bearish ledger this week.
Stocks quotes in this article: KR, PGR, HCA, LUV, CHTR, NWSA, P, PAG, UL, ABBV, AGEN, ILMN, MDT, DOV, TRN, ACIA, AMAT, AMBA, BOX, CIEN, DDD, FTNT, OCLR, STX, VEEV

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.

Bullish Reversals:

Consumer Defensives: Kroger (KR)

Financial Services: Progressive (PGR)

Health Care: HCA Holdings (HCA)

Industrials: Southwest Airlines (LUV)

Bearish Reversals:

Communication Services: Charter Communications (CHTR)

Consumer Cyclicals: News Corp. (NWSA) , Pandora Media (P) , Penske Automotive Group (PAG)

Consumer Defensive: Unilever (UL)

Health Care: AbbVie (ABBV) , Agenus (AGEN) , Illumina (ILMN) , Medtronic (MDT)

Industrials: Dover (DOV) , Trinity Industries (TRN)

Technology: Acacia Communications (ACIA) , Applied Materials (AMAT) , Ambarella (AMBA) , Box (BOX) , Ciena (CIEN) , 3D Systems (DDD) , Fortinet (FTNT) , Oclaro (OCLR) , Seagate Technology (STX) , Veeva Systems (VEEV)

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 | U.S. Equity | Stocks

More from Investing

5 Thoughts on Amazon's Reported Plans for an Emotion-Detecting Wearable

Eric Jhonsa

The tech giant's reported effort to create a wearable that can detect human emotions shows how it's hardware efforts are swelling, and also its willingness to bet on projects that are far from guaranteed to succeed.

A Market in a Very Precarious Position

James "Rev Shark" DePorre

Thursday's sharp selloff creates a high risk that the S&P 500's May 13 low may not hold.

The Nasdaq A/D Line Peaked Months Ago: Danger Will Robinson

Bruce Kamich

'It is not a healthy market when the generals are still going up and the troops are in retreat.'

How Realistic Are Robotaxis at Tesla in 2020?

Kevin Curran

Elon Musk's extraordinary efforts require adequate scrutiny.

Jim Cramer: This Market May Have to Go Down a Great Deal More Than It Has

Jim Cramer

Why have things gotten so grim? Oh, let me count the ways.

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