Below and attached 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 long position in the name.**indicates the author has a short position in the name.)
Bullish Reversals
- Energy: Callon Petroleum Company (NYSE:CPE), Crescent Point Energy Corp. (TO:CPG), Murphy Oil Corporation (NYSE:MUR), QEP Resources Inc (NYSE:QEP), WPX Energy Inc (NYSE:WPX)
- Industrials: Fluor Corporation (NYSE:FLR), SM Energy Company (NYSE:SM)
- Technology: NetEase Inc (NASDAQ:NTES)
Bearish Reversals
- Consumer Cyclical: New York Times Company (NYSE:NYT), Tesla Inc (NASDAQ:TSLA)
- Healthcare: Sanofi ADR (NYSE:SNY)
- Industrials: General Motors Company (NYSE:GM), Kratos Defense & Security Solutions (NASDAQ:KTOS)
- Real Estate: Realogy Holdings Corp (NYSE:RLGY)
- Technology: Check Point Software Technologies Ltd (NASDAQ:CHKP), Kemet Corporation (NYSE:KEM)