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:
- Communication Services: CenturyLink Inc (NYSE:CTL)
- Consumer Cyclical: Advance Auto Parts Inc (NYSE:AAP)
- Financial Services: Progressive Corporation (NYSE:PGR)
- Healthcare: Eli Lilly and Company (NYSE:LLY)
- Real Estate: Equity Residential (NYSE:EQR)
- Utilities: Great Plains Energy Inc (NYSE:GXP), Public Service Enterprise Group (NYSE:PEG)
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