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

Market Sees a Change in Leadership

James "Rev Shark" DePorre

Sector rotation is the name of the game right now and will provide us with some insight as to what lies ahead.

Zoom's Stunning Growth Shows How Getting the Details Right Can Pay Off

Eric Jhonsa

Limited switching costs and competition from deep-pocketed tech giants haven't stopped Zoom from significantly outpacing rivals.

Is CAT Finally Getting out of the Dog House?

Bruce Kamich

Caterpillar's charts have improved enough to ask the question.

I'm Dipping a Toe in Invitae

Timothy Collins

A close above $18 would go a long way towards making breakout buyers feel better.

Which Way Will the AYX Swing?

Bruce Kamich

Let's check the charts of Alteryx after a caller asked about the company on Tuesday's 'Mad Money'.

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