Bearish DailyPlay for Friday February 5th, 2016 – Autodesk Inc (ADSK)

The bearish DailyPlay we chose for Friday February 5th is Autodesk Inc (ADSK). ADSK is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 3.95% move lower and it’s 1m and 6m trend turned bearish on 1/04 and recently bounced lower off its $41 resistance area.

Autodesk Inc’s 1m and 6m trends turned bearish on 1/08 and recently bounced lower off its $50 resistance area. With a technical score of 5 (out of 10), ADSK looks positioned to continue this strong bearish trend lower.

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