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Scarsdale Equities Bullish And Bearish Reversals, May 2nd, 2016

Published 05/03/2016, 03:04 AM
Updated 07/09/2023, 06:31 AM

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 position in the name.)

Bullish Reversals:

  • Consumer Cyclical: Bloomin Brands Inc (NASDAQ:BLMN), Expedia Inc (NASDAQ:EXPE), Lions Gate Entertainment (NYSE:LGF), Grupo Televisa SA (NYSE:TV)
  • Consumer Defensive: Apollo Group Inc (NASDAQ:APOL), Monster Beverage 1990 Corp (NASDAQ:MNST)
  • Energy: BP (LON:BP), National Oilwell Varco Inc (NYSE:NOV)

Bearish Reversals:

  • Basic Materials: Builders FirstSource Inc (NASDAQ:BLDR), LyondellBasell Industries NV (NYSE:LYB), Masco Corporation (NYSE:MAS), Owens Corning Inc (NYSE:OC)
  • Communication Services: America Movil SAB de CV (NYSE:AMX)
  • Consumer Cyclical: Boyd Gaming Corporation (NYSE:BYD), DR Horton Inc (NYSE:DHI), Domino’s Pizza Group Plc (NYSE:DPZ), The Goodyear Tire & Rubber Company (NASDAQ:GT), KB Home (NYSE:KBH), Lennar Corporation (NYSE:LEN), Toll Brothers Inc (NYSE:TOL), TRI Pointe Homes Inc (NYSE:TPH), Tesla Motors Inc (NASDAQ:TSLA), Whirlpool Corporation (NYSE:WHR), Wyndham Worldwide Corp (NYSE:WYN)
  • Consumer Defensive: GNC Holdings Inc (NYSE:GNC), Wal-Mart Stores Inc (NYSE:WMT)
  • Healthcare: Abbott Laboratories (NYSE:ABT), Alexion Pharmaceuticals Inc (NASDAQ:ALXN), Cardinal Health Inc (NYSE:CAH), Gilead Sciences Inc (NASDAQ:GILD), Hologic Inc (NASDAQ:HOLX)
  • Industrials: Ametek Inc (NYSE:AME), Canadian National Railway Company (NYSE:CNI), Golar LNG Limited (NASDAQ:GLNG)
  • Technology: Analog Devices Inc (NASDAQ:ADI), Applied Materials Inc (NASDAQ:AMAT), CA Inc (NASDAQ:CA), Corning Incorporated (NYSE:GLW), Harman International Industries (NYSE:HAR), Hewlett Packard Enterprise Co (NYSE:HPE), KLA-Tencor Corporation (NASDAQ:KLAC), Lifelock Inc (NYSE:LOCK), Lam Research Corp (NASDAQ:LRCX), NCR Corporation (NYSE:NCR), Teradyne Inc (NYSE:TER), Texas Instruments Incorporated (NASDAQ:TXN)
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