OptionsPlay DailyPlay

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.

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