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)

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, Ortmann had no positions in the stocks mentioned.

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

More from Healthcare

Trading During Earnings Season

James "Rev Shark" DePorre

The most important thing to remember about trading earnings is that you do not have to hold a stock into its report in order to find good trade entries.

2 Candidates That Could Be the Next Biotech Rockets

Bret Jensen

Omeros Corp. and EyePoint Pharmaceuticals each have promising treatments that could send their shares skyward.

It's as Simple as A-B-C, AmerisourceBergen Has Begun a New Leg Higher

Bruce Kamich

Here's how to play the stock now.

McKesson Is Poised to Make a Significant Upside Breakout

Bruce Kamich

Traders need to respect this price strength.

Jim Cramer: The Democrats Debate, and the Future of Corporations

Jim Cramer

I thought last night's debate was pretty frightening when it comes to managed care, banking, airlines, and drugs.

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