The bearish DailyPlay we chose for Friday June 17th is Goldman Sachs (GS). GS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 0.52% move lower and it’s 1m and 6m trend turned bearish on 6/14 while breaking below its $22.80 support level.
Goldman Sachs’s 1m and 6m trends turned bearish on 6/3 while breaking below its $150 support level on high volume. With a technical score of 1 (out of 10), GS looks positioned to continue this strong bearish trend lower.