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: Tesla Motors Inc (NASDAQ:TSLA)
Energy: Enterprise Products Partners LP (NYSE:EPD)
Real Estate: CubeSmart (NYSE:CUBE)
Bearish Reversals:
Consumer Cyclical: Bed Bath & Beyond Inc (NASDAQ:BBBY), Chicos FAS Inc (NYSE:CHS), Darden Restaurants Inc (NYSE:DRI), Five Below Inc (NASDAQ:FIVE)
Financial Services: CME Group Inc (NASDAQ:CME)
Technology: Red Hat Inc (NYSE:RHT)