The bearish DailyPlay we chose for Wednesday Dec 13th is Sempra Energy (SRE). SRE is part of the Utilites Sector (XLU). Over the last month, XLU has experienced a 0.47% move lower and its 1m trend has turned bearish yesterday while breaking below its $55.50 support level.
Sempra Energy’s 1m and 6m trends turned bearish yesterday while breaking below its $116 support level which now becomes resistance. With a technical score of 5 (out of 10), SRE is a neutral stock that has starting to trend lower.
As a stop loss, if SRE was to trade above $116 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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