Going From Bullish to Bearish, or Vice Versa

These stocks have changed direction.
Stocks quotes in this article: CMC, CAKE, WU, STX, IBM, UL, JBL

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: Commercial Metals (CMC)

Consumer cyclical: Cheesecake Factory (CAKE)

Financial Services: Western Union (WU)

Technology: IBM (IBM) , Seagate Technology (STX)

Bearish Reversals 

Consumer defensive: Unilever (UL)

Technology: Jabil (JBL)

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 | Consumer Staples | Basic Materials | Technology | Markets | Consumer | Stocks

More from Consumer Staples

Pandemic Should Help This Cereal Maker Remain a Serial Dividend Payer

Chris Versace

Food company General Mills is benefiting as more consumers work from home and dine out less.

Furniture Maker Herman Miller Gapped Higher - How to Play It

Bruce Kamich

I'm in no rush to pay up for a long position.

Bearish Bets: 2 Fragile-Looking Stocks You Should Consider Shorting This Week

Bob Lang

These names are displaying both technical and quantitative deterioration.

Revisiting 3 Dividend Aristocrats Consumed With Consumer Consumables

Chris Versace

We focus on Colgate-Palmolive, Procter & Gamble and Kimberly-Clark to assess their payout prospects.

Let's Hash Out What's in Store for Hormel Foods Stock

Bruce Kamich

Our latest technical analysis and trading strategy on the maker of Spam and Skippy.

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