OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday February 5th is Autodesk Inc (ADSK). ADSK is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 3.95% move lower and it’s 1m and 6m trend turned bearish on 1/04 and recently bounced lower off its $41 resistance area.

Autodesk Inc’s 1m and 6m trends turned bearish on 1/08 and recently bounced lower off its $50 resistance area. With a technical score of 5 (out of 10), ADSK looks positioned to continue this strong bearish trend lower.

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