The bearish DailyPlay we chose for Monday April 18th is Lions Gate Entertainment (LGF). LGF is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.07% higher and its 1m and 6m trend turned bullish on 4/13 but has recently failed to make a new high at $79.50.
Lions Gate Entertainment’s 1m and 6m trends turned bearish on 3/21 and recently bounced lower off its $21 resistance level. With a technical score of 1 (out of 10), LGF looks positioned to continue this strong bearish trend lower.