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 short position in the name.)
Bullish Reversals
Basic Materials: Goldcorp (NYSE:GG), Pan American Silver (NASDAQ:PAAS), Sibanye Gold (NYSE:SBGL), Silver Wheaton (NYSE:SLW)
Consumer Defensive: CL
Bearish Reversals
Consumer Cyclical: Advance Auto Parts (NYSE:AAP)
Consumer Defensive: Rite Aid Corporation (NYSE:RAD)
Energy: TechnipFMC (NYSE:FTI)
Financial Services: Banc of California (NYSE:BANC), Bank of New York Mellon (NYSE:BK), Discover Financial Services (NYSE:DFS), First Horizon National (NYSE:FHN)*, Fulton Financial (NASDAQ:FULT), Goldman Sachs Group (NYSE:GS), Northern Trust (NASDAQ:NTRS), People’s United Financial (NASDAQ:PBCT), TCF Financial (NYSE:TCB)
Healthcare: Bristol-Myers Squibb (NYSE:BMY)
Industrial: General Mills (NYSE:GIS)
Technology: Qualcomm (NASDAQ:QCOM)