Finding the Bullish and Bearish Reversals

Companies that marked turnarounds -- for better or worse -- last week.
Stocks quotes in this article: MBT, SKX, TIME, ATW, DO, EPE, ESV, HES, HOS, NE, LCI, FLS, GES, BAX, AGNC, CRUS

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: 

Communication Services: Mobile Telesystems (MBT)

Consumer Cyclical: Skechers (SKX) , Time Inc. (TIME)

Energy: Atwood Oceanics (ATW) , Diamond Offshore (DO) , EP Energy (EPE) , Ensco (ESV) , Hess (HES) , Hornbeck Offshore Services (HOS) , Noble (NE)

Health Care: Lannett (LCI)

Industrials: Flowserve (FLS)

Bearish Reversals: 

Consumer Cyclical: Guess (GES)

Health Care: Baxter International (BAX)

Real Estate: AGNC Investment (AGNC)

Technology: Adobe ADBE, Cirrus Logic (CRUS)

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

TAGS: Investing | U.S. Equity | Energy | Healthcare | Real Estate | Consumer Discretionary | Consumer

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