Bullish and Bearish Reversals for the Week

Materials, financials, cyclicals and health care names tilt the scale to the bullish side.
Stocks quotes in this article: CE, CF, STLD, X, FOXA, HAS, HOG, RAI, AXP, BK, SYF, ALKS, THC, UNH, DHR, ERJ, VRSN, EBAY, PG, RICE, PTCT, INTC

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:

Basic Materials: Celanese (CE) , CF Industries (CF) , Steel Dynamics (STLD) , United States Steel (X)

Consumer Cyclicals: Twenty-First Century Fox (FOXA) , Hasbro (HAS) , Harley-Davidson (HOG)

Consumer Defensives: Reynolds American (RAI)

Financial Services: American Express (AXP) , Bank of New York Mellon (BK) , Synchrony Financial (SYF)

Health Care: Alkermes (ALKS) , Tenet Healthcare (THC) , UnitedHealth (UNH)

Industrials: Danaher (DHR) , Embraer (ERJ)

Technology: Verisign (VRSN)

Bearish Reversals:

Consumer Cyclicals: eBay (EBAY)

Consumer Defensives: Procter & Gamble (PG)

Energy: Rice Energy (RICE)

Healthcare: PTC Therapeutics (PTCT)

Technology: Intel (INTC)

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 any securities mentioned.

TAGS: Investing | U.S. Equity

More from Investing

Suddenly, a Chill Cools the Speculative Trades

James "Rev Shark" DePorre

But much of what we have is just routine volatility and not a major shift in market action.

I See Some Magic Happening as Psilocybin Advances

Timothy Collins

New technology could take out some of the pain -- and subjectivity -- for those looking to invest in this emerging line of treatments.

Time to Seal the Deal With Parker Hannifin?

Bruce Kamich

PH looks ready to rally again, according to the charts and indicators.

CrowdStrike Hits Our Price Target: We Have a New One Now

Bruce Kamich

Subscribers are interested in what to do now, so let's go back to the charts.

The Market Is Being Hit With Some Significant Rotational Action

James "Rev Shark" DePorre

In addition to the sharp turn in Tesla, other high-beta high PE names have lost their momentum.

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