Bullish and Bearish Reversals for the Week

Here's a window into what institutional investors may be doing and how to profit from that.
Stocks quotes in this article: EMN, AMX, LVLT, FCAU, OI, HSY, MO, TSS, ALXN, LMT, RSG, WM, CHKP, OC, CMCSA, GT, IP, BUD, NWL, ALLY, CEMP, DGX, EW, EXAS, HOLX, ZBH, ZTS, ABB, AOS, SWK, WAB, WNC, ARRS, WB

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.

Bullish Reversals:

Basic Materials: Eastman Chemical  (EMN)

Communication Services: America Movil  (AMX) , Livetiles  (LVLT)

Consumer Cyclical: Fiat Chrysler Automobiles (FCAU) , Owens-Illinois  (OI)

Consumer Defensive: Hershey  (HSY) , Altria  (MO)

Financial Services: Total System Services  (TSS)

Healthcare: Alexion Pharmaceuticals (ALXN)

Industrials: Lockheed Martin  (LMT) , Republic Services  (RSG) , Waste Management  (WM)

Technology: Check Point Software Technologies  (CHKP)

Bearish Reversals:

Basic Materials: Owens Corning  (OC)

Communication Services: Action Alerts PLUS holding Comcast  (CMCSA)

Consumer Cyclical: Goodyear Tire & Rubber  (GT) , International Paper  (IP)

Consumer Defensive: Anheuser-Busch InBev (BUD) , Action Alerts PLUS holding Newell Brands  (NWL)

Financial Services: Ally Financial  (ALLY)

Healthcare: Cempra  (CEMP) , Quest Diagnostics  (DGX) , Edwards Lifesciences  (EW) , EXACT Sciences  (EXAS) , Holologic  (HOLX) , Zimmer Biomet Holdings  (ZBH) , Zoetis  (ZTS)

Industrial: ABB  (ABB) , A. O. Smith (AOS) , Stanley Black & Decker  (SWK) , Westinghouse Air Brake Technologies  (WAB) , Wabash National (WNC)

Technology: ARRIS International  (ARRS) , Weibo  (WB)

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At the time of publication, Ortmann had no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Stocks

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