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)

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, Ortman had no positions in any stocks mentioned.

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

More from Consumer Discretionary

United Airlines Shares May Be Ready to Break Out of Holding Pattern

Bruce Kamich

Despite sideways action in the airline's shares, buyers have been more aggressive the last 12 months.

A Rally in MGM Resorts Does Not Look Like a Roll of the Dice

Bruce Kamich

The charts of the casino and entertainment giant look ready to support a good rally, with more aggressive buying of its shares in recent months.

I'm Unapologetically Overweight in These 2 Sectors

Bret Jensen

The two are homebuilding and biotech, and there are stocks within those sectors where I've parked my money.

Costco Charts and Fundamentals Chart Bullish Course

Bruce Kamich

The wholesale club's technical indicators show an extended period of accumulation of its shares.

Nike's Run Could Continue to New Highs

Bruce Kamich

A look at Nike's latest charts and indicators.

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