Bullish and Bearish Reversals in the Market

These companies show signs of a change of direction.
Stocks quotes in this article: TSLA, EPD, CUBE, BBBY, CHS, DRI, FIVE, CME, RHT

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. (* denotes author has a position in the name.) 

Bullish Reversals 

Consumer Cyclical: Tesla (TSLA)

Energy: Enterprise Products (EPD)

Real Estate: CubeSmart (CUBE)

Bearish Reversals 

Consumer Cyclical: Bed, Bath & Beyond (BBBY) , Chico's (CHS) , Darden Restaurants (DRI) , Five Below (FIVE)

Financial Services: CME Group (CME)

Technology: Red Hat (RHT)

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

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

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