The bearish DailyPlay we chose for Thursday, Feb 22nd is Kinder Morgan (KMI). KMI is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 14.16% move lower and its 1m and 6m trend has turned bearish on 2/6 and recently bounced lower off its $68.50 resistance level.
Kinder Morgan’s 1m and 6m trends turned bearish on 1/31 and recently bounced lower off its $17.50 resistance level. With a technical score of 2 (out of 10), KMI is a bearish stock that is trending lower.
As a stop loss, if ROK was to trade above $190 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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