These Stocks Are Showing Reversal Patterns

A look at stocks seeing bullish and bearish reversal characteristics over the past week.
Stocks quotes in this article: FOX, HRG, RGC, UPL, MDT, SIG

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:  

Consumer Cyclicals: Twenty-First Century Fox (FOX) , HRG Group (HRG) , Regal Entertainment Group (RGC)

Energy: Ultra Petroleum (UPL)

Healthcare: Medtronic (MDT)

Bearish Reversals:

Consumer Cyclicals: Signet Jewelers (SIG)

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

TAGS: Consumer Discretionary | Technology | Healthcare | Consumer | Entertainment | Stocks | Investing | U.S. Equity

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