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

Here's the Secret to Market Timing

James "Rev Shark" DePorre

You've probably been told timing the market is futile, but here's a way to make it possible -- if you're willing to do the work.

It's Official: That Hairy Animal With Claws and Sharp Teeth Is a Bear

James "Rev Shark" DePorre

Along with the media proclamation of a bear market, we have some improvement in the charts of many smaller stocks, but ...

How to Move on MongoDB

Bruce Kamich

Let's take a technical follow-up look at MDB -- and give a word of caution on this software name.

3 Oil & Gas Royalty Trusts For $100 Oil

Bob Ciura

For investors looking to take advantage of lofty oil and gas prices, we like these investment vehicles.

Applied Materials Slips on Miss: Where Will the Chips May Fall

Bruce Kamich

Let's see what the charts say.

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