The bearish DailyPlay we chose for Thursday May 19th is General Electric (GE). GE is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 2.18% move lower and its 1m trend turned bearish and 6m trend turned neutral today.
General Electric’s 1m and 6m trends turned bearish on 5/13 and recently broke below its $30 support level on high volume. With a technical score of 4 (out of 10), GE looks positioned to continue this bearish trend lower.