The bearish DailyPlay we chose for Thursday January 14th is The Walt Disney Company (DIS). DIS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 6.76% move lower and it’s 1m and 6m trend turned bearish on 1/04 while breaking below its $78 support area.
Disney’s 1m and 6m trends turned bearish on 12/18 and broke below its $112 support area on high volume. With a technical score of 5 (out of 10), DIS looks positioned to continue this strong bearish trend lower.