OptionsPlay DailyPlay

The bearish DailyPlay we chose for Thursday July 2nd is King Digital Entertainment plc (KING). KING is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.54% move lower as both 1-month and 6-month trends are bearish.

King Digital Entertainment’s 1-month and 6-month trends are bearish as it continues to show negative momentum. KING looks positioned to move lower towards its $12.88 support level.

View this trade idea on $KING