These 16 Stocks Look Ready to Reverse

Tesla and General Motors are among this week's names showing reversal patterns.
Stocks quotes in this article: CPE, CPG, MUR, QEP, WPX, FLR, SM, NTES, NYT, TSLA, SNY, GM, KTOS, RLGY, CHKP, KEM

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. Please feel free to contact the author for further details.

Bullish Reversals:

Energy: Callon Petroleum (CPE) , Crescent Point Energy (CPG) , Murphy Oil (MUR) , QEP Resources (QEP) , WPX Energy (WPX)

Industrials: Fluor Corp. (FLR) , SM Energy (SM)

Technology: NetEase (NTES)

Bearish Reversals:

Consumer Cyclicals: New York Times Co. (NYT) , Tesla (TSLA)

Healthcare: Sanofi (SNY)

Industrials: General Motors (GM) , Kratos Defense & Security Solutions (KTOS)

Real Estate: Realogy Holdings (RLGY)

Technology: Check Point Software Technologies (CHKP) , Kemet Corp. (KEM)

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 | Stocks

More from Investing

Jim Cramer: Hail to Estee Lauder, the New England Patriots of Retail

Jim Cramer

Under CEO Fabrizio Freda, the cosmetics giant takes risk and then does the blocking and tackling needed to win in a challenging retail environment.

Profit Taking, Rate Cuts and a Play on Zscaler: Market Recon

Stephen Guilfoyle

Evaluating the market and policy discussion ahead of Jackson Hole, and how I am playing Zscaler on this weakness.

Bulls Battle the Recession Argument as Obvious Technical Resistance Looms

James "Rev Shark" DePorre

Is there enough buying momentum to overcome the resistance and put the indices back in position to test the highs hit in late July?

'Let's Go to the Charts!'

Helene Meisler

The challenge now is to figure out when this oversold rally will have run its course, so we can come back down again.

Indexes Rise, but Lack Oomph

James "Rev Shark" DePorre

The action on Monday sees lots of green but little energy as nearly all the gains were created by the gap-up open.

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