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

Jim Cramer: There Are More Negatives in Play in This Market Than the Yield Curve

Jim Cramer

Taken together they create a worrisome picture, one that can explain why it wasn't just the banks that fell on the inversion news.

2 Big Earnings Reports I'll Be Watching This Week

Dave Butler

A huge week is coming up for these well-known stocks.

Try on This 'Would-Be' Dividend Aristocrat for Its Yield

Nick McCullum

If it weren't for its smaller market cap, this footwear company would be on the list of Dividend Aristocrats.

Ego and Trading: Do You Want to Be Right or Do You Want to Make Money?

James "Rev Shark" DePorre

When it comes to investing and trading there really is only one thing that matters - return on capital. Everything else is secondary.

Apple's Negotiating Leverage Could Help its New Services Pay Off -- Tech Check

Eric Jhonsa

The company has reportedly been seeking large revenue cuts for some of the new services it's expected to unveil on Monday, and also reportedly has aggressive bundling plans.

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