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PrintBelow 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.
Bullish Reversals:
Communication Services: AT&T (T) , Verizon Communications (VZ)
Consumer Cyclicals: lululemon athletica (LULU) , TRI Pointe Group (TPH)
Consumer Defensives: Costco Wholesale (COST) , Flowers Foods (FLO) , General Mills (GIS)
Energy: Baytex Energy (BTE) , Crescent Point Energy (CPG) , Exxon Mobil (XOM)
Financial Services: Royal Bank of Scotland (RBS)
Health Care: Envision Healthcare Services (EVHC)
Industrials: Ametek (AME)
Real Estate: Brandywine Realty Trust (BDN) , Realogy Holdings (RLGY)
Utilities: NRG Energy (NRG)
Bearish Reversals:
Consumer Cyclicals: Twenty-First Century Fox (FOX) , Las Vegas Sands (LVS) , Melco Crown Entertainment (MPEL)
Consumer Defensives: New Oriental Education & Technology Group (EDU)
Industrials: Northrop Grumman (NOC)
