DailyPlay for Wednesday June 3rd, 2015 – Duke Energy Corporation (DUK)

The bearish DailyPlay we chose for Wednesday June 3rd is Duke Energy Corporation (DUK). DUK is part of the Utilities Sector (XLU). XLU crossed below its 50-day moving average today as both 1-month and 6-month trends turned bearish. Utilities look to continue this trend lower.

Duke Energy Corporation has been in a bearish trend since the beginning of May and is currently showing negative momentum with relatively high volume. With a technical score of 3 (out of 10), DUK looks positioned to continue its bearish trend lower.

View this trade idea on $DUK