Bearish DailyPlay for Thursday May 5th, 2016 – Intel (INTC)
The bearish DailyPlay we chose for Thursday May 5th is Intel (INTC). INTC is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.94% lower and its 1m and 6m trend turned bearish on 4/29.
Intel’s 1m and 6m trends turned bearish on 4/28 and recently broke below its $31 support level on high volume. With a technical score of 3 (out of 10), INTC looks positioned to continue this strong bearish trend lower.