OptionsPlay DailyPlay

The Technology Sector (XLK) has been in a strong bullish trend since the beginning of February, but experienced a 2.57% move down on March 25th below its $42.34 support causing the 1-month trend to turn bearish. As part of the Technology Sector, we chose Microsoft Corporation (MSFT) for the DailyPlay.

Microsoft Corporation’s 1-month and 6-month trend indicators turned bearish as it broke below its $41.70 support level which now becomes resistance. With a technical score of 3 (out of 10) and signs of weak momentum, MSFT looks to be headed lower.

View this Trade Idea on $MSFT