The bearish DailyPlay we chose for Wednesday December 9th is Target (TGT). TGT is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.96% move lower and has failed to break above its $82 resistance level over the last 2 months.
Target’s 1m and 6m trends turned bearish today and recently bounced lower off its $75 resistance level. With a technical score of 5 (out of 10), TGT looks positioned to continue this strong bearish trend lower.