The bearish DailyPlay we chose for Thursday June 30th is MasterCard (MA). MA is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 2.45% move lower and it’s 1m and 6m trend turned bearish on 6/24 and broke below its $43 support level on high volume.
MasterCard’s 1m and 6m trends turned bearish on 6/24 and recently broke below its $93 support level on high volume. With a technical score of 4 (out of 10), MA looks positioned to continue this strong bearish trend lower.