The bearish DailyPlay we chose for Friday May 29th is Anadarko Petroleum Corporation (APC). APC is part of the Energy Sector (XLE). Over the past month, XLE has experienced a 3.79% move lower as both 1-month and 6-month trends are bearish.
Anadarko Petroleum Corporation has been in a strong bearish trend since the middle of May and recently bounced off its $87.00 resistance level. APC continues to show bearish momentum as it looks positioned to continue lower towards $76.00.