US Equity

Which Companies Are Changing Direction

By

Guy Ortmann

 | Dec 19, 2016 | 11:21 AM EST
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Stock quotes in this article:

clx

,

hl

,

teck

,

pvh

,

jwn

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 sBector affiliation. Please feel free to contact the author for further details. 

Bullish Reversals 

Consumer Defensive: Clorox (CLX)

Bearish Reversals 

Basic Materials: Hecla Mining (HL) , Teck Resources (TECK)

Consumer Cyclical: Nordstrom (JWN) , PVH (PVH)

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More From Guy Ortmann
At the time of publication, Ortmann had no positions in the stocks mentioned.
Tags:

stock market

|

metals and mining

|

Materials and Construction

|

retail

|

Consumer Non-Durables

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