Bearish DailyPlay for Friday June 17th, 2016 – Goldman Sachs (GS)
The bearish DailyPlay we chose for Friday June 17th is Goldman Sachs (GS). GS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 0.52% move lower and it’s 1m and 6m trend turned bearish on 6/14 while breaking below its $22.80 support level.
Goldman Sachs’s 1m and 6m trends turned bearish on 6/3 while breaking below its $150 support level on high volume. With a technical score of 1 (out of 10), GS looks positioned to continue this strong bearish trend lower.