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

Apple, Amazon, Facebook, Google and Microsoft's Earnings: What Stood Out

Eric Jhonsa

There were positive earnings call takeaways for AWS, YouTube and Microsoft Dynamics, among other businesses.

Small Caps Stand Out Amid Week of Mega-Cap Earnings

James "Rev Shark" DePorre

The Russell 2000 climbed this week as the big-cap tech names reported and Robinhood's initial public offering disappointed. Now will we see a deeper correction?

Why Do Many Stocks Trade Down to the Level Where They Price a Stock Offering?

Timothy Collins

I don't wholeheartedly agree the offering price is where the market has said it will buy the stock.

Don't Get Stabbed by PINS

Bruce Kamich

The downside price gap on Pinterest is ominous.

Here's What's Keeping Money on the Sidelines

James "Rev Shark" DePorre

The best thing that could happen is a correction in the major indices that leads to a shift to stock picking.

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