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.
Basic materials: Commercial Metals (CMC)
Consumer cyclical: Cheesecake Factory (CAKE)
Financial Services: Western Union (WU)
Consumer defensive: Unilever (UL)
Technology: Jabil (JBL)