These 7 Stocks Are Ready to Change Direction

Each of these names is showing technical bullish or bearish reversal patterns.
Stocks quotes in this article: GOGO, IPG, PM, GOL, HFC, MOH, PANW

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:

Communication Services: Gogo Inc. (GOGO)

Consumer Cyclicals: International Paper (IPG)

Consumer Defensives: Philip Morris International (PM)

Industrials: GOL Linhas Aéreas Inteligentes S.A. (GOL)

Bearish Reversals:

Energy: HollyFrontier Corp. (HFC)

Healthcare: Molina Healthcare (MOH)

Technology: Palo Alto Networks (PANW)

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

TAGS: Investing | Stocks

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