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
- Energy: Chevron Corporation (NYSE:CVX), Phillips 66 (NYSE:PSX)
- Financial Services: MetLife Inc (NYSE:MET)
- Technology: Sunrun Inc (NASDAQ:RUN)
Bearish Reversals
- Basic Materials: Chemours Co (NYSE:CC), Platform Sp (NYSE:PAH)
- Consumer Cyclical: Five Below Inc (NASDAQ:FIVE)
- Consumer Defensive: Costco Wholesale Corporation (NASDAQ:COST)
- Energy: YPF Sociedad Anonima (NYSE:YPF)
- Technology: Amkor Technology Inc (NASDAQ:AMKR), KLA-Tencor Corporation (NASDAQ:KLAC), Veeva Sys Inc (NYSE:VEEV)