OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday June 15th is Microsoft (MSFT). MSFT is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.57% move higher but it’s 1m turned neutral yesterday and has recently failed to reach its highs from April around $44.

Microsoft’s 1m and 6m trends turned bearish on 6/9 while breaking below its $52 minor support level. With a technical score of 3 (out of 10), MSFT looks positioned to continue this strong bearish trend lower.

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