Bearish DailyPlay for Friday September 9th, 2016 – athenahealth (ATHN)

The bearish DailyPlay we chose for Friday September 9th is athenahealth (ATHN). ATHN is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.43% move lower and it’s 1m and 6m trend turned neutral and bearish on 8/25 while breaking below its $73.50 support level.

athenahealth’s 1m and 6m trends turned bearish yesterday and recently bounced lower off its $125 resistance level. With a technical score of 1 (out of 10), ATHN looks positioned to continue this strong bearish trend lower.

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