Bearish DailyPlay for Monday February 8th, 2016 – Seagate Tech (STX)
The bearish DailyPlay we chose for Monday February 8th is Seagate Tech (STX). STX is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 5.10% move lower and it’s 1m and 6m trend turned bearish on 1/04 and recently bounced lower off its $41 resistance area.
Seagate Tech’s 1m and 6m trends turned bearish on 1/06 and recently bounced lower off its $33 resistance area. With a technical score of 2 (out of 10), STX looks positioned to continue this strong bearish trend lower.