Bullish and Bearish Chart Reversals

What stocks have changed direction in the past week.
Stocks quotes in this article: CMC, NUE, SUM, AEO, COH, DIS, FINL, FIVE, GES, KMX, LEG, NCLH, PIR, SBGI, SBH, SIG, TJX, TSCO, DG, DLTR, AFL, BKU, DB, FII, MBI, TROW, UBS, WDR, WFC, ABBV, AET, BMY, ESRX, IONS, VRTX, ZIOP, ACM, COL, FAST, GE, MTW, HST, LHO, IBM, INTU, AMT, AMZN, TTM, HRL, PEP, PF, STZ, AAPL, SINA, TSM, NEE, SBS

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

Bullish Reversals 

Basic Materials: Commercial Metals (CMC) , Nucor (NUE) , Summit Materials (SUM)

Consumer Cyclical: American Eagle Outfitters (AEO) , Coach (COH) , Disney (DIS) , Finish Line (FINL) , Five Below (FIVE) , Guess (GES) , Carmax (KMX) , Leggett & Platt (LEG) , Norwegian Cruise (NCLH) , Pier 1 Imports (PIR) , Sinclair Broadcasting (SBGI) , Sally Beauty Holdings (SBH) , Signet Jewelers (SIG) , TJ Maxx (TJX) , Tractor Supply (TSCO)

Consumer Defensive: Dollar General (DG) , Dollar Tree (DLTR)

Financial Services: Aflac (AFL) , BankUnited (BKU) , Deutsche Bank (DB) , Federated Investors (FII) , MBIA (MBI) , T. Rowe Price (TROW) , UBS Group (UBS) , Waddell & Reed Financial (WDR) , Wells Fargo (WFC)

Health care: AbbVie (ABBV) , Aetna (AET) , ARIA, Bristol-Myers (BMY) , Express Scripts (ESRX) , Ionis Pharmaceuticals (IONS) , Vertex Pharmaceuticals (VRTX) , Ziopharm Oncology (ZIOP)

Industrials: Aecom (ACM) , Rockwell Collins (COL) , Fastenal (FAST) , General Electric (GE) , Manitowoc (MTW) , Robert Half International RHI 

Real Estate: Host Hotels (HST) , LaSalle Hotel Properties (LHO)

Technology: IBM (IBM) , Intuit (INTU)

Bearish Reversals 

Communication Services: American Tower (AMT)

Consumer Cyclical: Amazon (AMZN) , Tata Motors (TTM)

Consumer Defensive: Hormel (HRL) , PepsiCo (PEP) , Pinnacle Foods (PF) , Constellation Brands (STZ)

Technology: Apple (AAPL) , Sina (SINA) , Taiwan Semiconductor (TSM)

Utilities: NextEra Energy (NEE) , Cia de Sanemento Basico de Estado (SBS)

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

TAGS: Investing | U.S. Equity | Financial Services | Healthcare | Consumer Discretionary | Real Estate | Technology | Consumer

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