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 or two. 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: N:DRI, N:KMX
Consumer Defensive: N:DG, O:PPC
Financial Services: N:OZM
Healthcare: N:CI, N:MNK, N:SEM
Technology: O:AVGO, O:CA, O:CRUS, N:RAX, O:SWKS, O:TWOU
Bearish Reversals:
Consumer Cyclical: O:HAS, N:JCI
Consumer Defensive: O:CALM
Energy: N:CNQ, N:COP, O:CRZO, N:CVX, N:NFX
Financial Services: N:BSMX, O:WETF
Technology: O:CTSH
Utilities: N:NI
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