Nvidia Is 1 of 30 Well-Known Stocks That Look Ready to Abruptly Change Direction

These names are showing technical characteristics of either bullish or bearish reversal patterns.
Updated
Stocks quotes in this article: AAP, CHS, DIS, DRI, EAT, HOG, M, PIR, PLAY, VIAB, DF, DPS, MO, USFD, SN, NYCB, ABC, ESRX, MBT, BABA, BSX, ADSK, AMAT, DVMT, MU, NVDA, ON, TTWO, WDC, YELP

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: Advanced Auto Parts (AAP) , Chico's FAS (CHS) , Disney (DIS) , Darden Restaurants (DRI) , Brinker International (EAT) , Harley-Davidson (HOG) , Macy's (M) , Pier 1 Imports (PIR) , Dave & Buster's Entertainment (PLAY) , Viacom (VIAB)

Consumer Defensives: Dean Foods (DF) , Dr Pepper Snapple Group (DPS) , Altria Group (MO) , U.S. Foods Holding (USFD)

Energy: Sanchez Energy (SN)

Financial Services: New York Community Bancorp (NYCB)

Healthcare: AmerisourceBergen (ABC) , Express Scripts Holding (ESRX)

Bearish Reversals:

Communications Services: Public Joint-Stock Company Mobile TeleSystems (MBT)

Consumer Cyclicals: Alibaba Group (BABA)

Healthcare: Boston Scientific (BSX)

Technology: Autodesk (ADSK) , Applied Materials (AMAT) , Dell Technologies (DVMT) , Micron Technology (MU) , Nvidia (NVDA) , On Semiconductor (ON) , Take-Two Interactive (TTWO) , Western Digital (WDC) , Yelp Inc. (YELP)

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 securities mentioned.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long NVDA.

TAGS: Investing | U.S. Equity | How-to | Stocks

More from Investing

Bearish Bets: 2 Stocks You Should Think About Shorting This Week

Bob Lang

These names are showing both technical and quantitative deterioration.

Deere Has a Long Runway of Growth Ahead

Bob Ciura

DE will play a pivotal role in helping the world's farmers increase crop yields, and also has high appeal for dividend growth investors.

The Trend Is Higher in Gold, but the Downside Risk Is Substantial

Carley Garner

Those looking to either remain long or get long the precious metal from these levels should do so in a skeptical manner.

The Siren Song of Index Shorts

James "Rev Shark" DePorre

Shorting the S&P 500 can be hard to resist, but it tends to be a bad trade for most market players.

Don't Count on HBO Max to See a Reception Like Disney+'s

Eric Jhonsa

Though possessing a good content library, HBO Max's pricing and device support work against it, as do a couple other things.

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