The bearish DailyPlay we chose for Wednesday Dec 20th is Digital Realty (DLR). DLR is part of the Real Estate Sector (XLRE). Over the last month, XLRE has experienced a 2.56% move lower and its 1m and 6m trend has turned bearish yesterday while breaking below its $33 support level.
Digital Realty’s 1m and 6m trends turned bearish on 12/04 and recently bounced lower off its $116 resistance level. With a technical score of 2 (out of 10), DLR is a strong bearish stock that will likely continue lower.
As a stop loss, if DLR was to trade above $116 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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