Bullish and Bearish Reversals for the Week

The bullish side dominates, with consumer cyclicals and energy names most prevalent.
Stocks quotes in this article: LPX, AAP, HLT, IPG, LQ, MCD, WYN, HAIN, TGT, CRC, MUR, PBF, RIG, WPZ, BIIB, FISV, TRN, AMAT, NTES

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: Louisiana-Pacific (LPX)

Consumer Cyclicals: Advance Auto Parts (AAP) , Hilton Worldwide (HLT) , ILG ILG, Interpublic Group (IPG) , La Quinta (LQ) , McDonald's (MCD) , Wyndham Worldwide (WYN)

Consumer Defensives: Hain Celestial (HAIN) , Target (TGT)

Energy: California Resources (CRC) , Murphy Oil (MUR) , PBF Energy (PBF) , Transocean (RIG) , Williams Partners (WPZ)

Healthcare: Biogen (BIIB)

Industrials: Fiserv (FISV) , Trinity Industries (TRN)

Technology: Applied Materials (AMAT)

Bearish Reversals:

Technology: NetEase (NTES)

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TAGS: Investing | U.S. Equity | Energy | Consumer

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