Gartner (IT) – Bearish DailyPlay for Thursday, Jan 10th, 2019
The bearish DailyPlay we chose for Thursday, Jan 10th is Gartner (IT). IT is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.89% move lower and its 1m and 6m trend have turned bearish on 12/4 while testing its major resistance level at $64.
Gartner’s 1m and 6m trends turned bearish on 12/17 and recently bounced lower off its $130 resistance level. With a technical score of 5 (out of 10), IT is a neutral stock that is starting to turn lower.
As a stop loss, if IT was to trade above $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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