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.
Financial Services: Royal Bank of Scotland (RBS)
Health Care: Envision Healthcare Services (EVHC)
Industrials: Ametek (AME)
Utilities: NRG Energy (NRG)
Consumer Defensives: New Oriental Education & Technology Group (EDU)
Industrials: Northrop Grumman (NOC)