OptionsPlay DailyPlay

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.

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