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

When Not Just Any Dividend Stock Will Do

Bob Ciura

These 3 high-yield stocks are also attractive on a total return basis.

Buying Will Get You Nowhere If You Don't Know How to Sell

James "Rev Shark" DePorre

Let's explore the tremendous power of the sell button -- and why it's so emotionally charged.

Move Over Target and Walmart, Costco Gets the Gold Star

Stephen Guilfoyle

I had a bit of money -- and ego -- riding on Costco coming into earnings. It didn't disappoint.

A Rally Driven by Fear (of Missing Out)

James "Rev Shark" DePorre

What's next after this seesaw week? One thing is for sure: More volatility.

Let's Take Nikola for a Spin. And Then Return It

Mark Sebastian

I wouldn't want to own NKLA, but I could see riding it for a few days.

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