Bullish and Bearish Reversals in the Market

Charts showing up or down trends in the past week.
Stocks quotes in this article: GME, SBUX, SCI, CPB, LOW, HFC, RDC, WETF, TXMD, FLR, DAR, AWK, IGT, SPGI, TMO

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 

Consumer Cyclical: GameStop (GME) , Lowe's (LOW) , Starbucks (SBUX) , Service Corp. International (SCI)

Consumer Defensive: Campbell Soup (CPB)

Energy: HollyFrontier (HFC) , Rowan Companies (RDC)

Financial Services: Wisdom Tree Investments (WETF)

Health care: TherapeuticsMD (TXMD)

Industrials: Darling Ingredients (DAR) , Fluor (FLR)

Utilities: American Water Works (AWK)

Bearish Reversals 

Consumer Cyclical: International Game Technology (IGT)

Industrial: S&P Global (SPGI)

Health care: Thermo Fisher Scientific (TMO)

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

TAGS: Investing | U.S. Equity | Healthcare | Consumer | Stocks

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