The bearish DailyPlay we chose for Tuesday January 5th is Kansas City Southern (KSU). KSU is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 3.35% move lower and it’s 1m and 6m trend just turned bearish on 12/31 while breaking below its $53 support area.
Kansas City Southern’s 1m and 6m trends turned bearish on 12/02 and recently bounced lower off its $75 minor resistance area. With a technical score of 2 (out of 10), KSU looks positioned to continue this strong bearish trend lower.