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)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
TAGS: Investing | U.S. Equity | Energy | Consumer

More from Energy

Halfway Home and This Portfolio of Lovable Losers Keeps Delivering

Jonathan Heller

The 2021 Tax Loss Selling Recovery Portfolio didn't do much in April but is soundly beating the market six months after inception.

Generac Holdings Has Discounted Lots of Good News

Bruce Kamich

Traders should let this correction play out.

Let's Stalk an Oil Behemoth and a Semiconductor Giant for Buy Entries

Carolyn Boroden

Exxon Mobil and Advanced Micro Devices are the two names with possible buy setups.

High Dividend Doesn't Have to Mean High Risk

Bob Ciura

With its exceptional 10% distribution yield, MPLX is an ideal stock for income-oriented investors who want to get into energy.

Enphase Energy's Charts Have Entered a New Phase

Bruce Kamich

The gap to the downside could be the start of a decline or we could see support materialize at this level.

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