Bearish DailyPlay for Wednesday Dec 20th, 2017 – Digital Realty (DLR)
The bearish DailyPlay we chose for Wednesday Dec 20th is Digital Realty (DLR). DLR is part of the Real Estate Sector (XLRE). Over the last month, XLRE has experienced a 2.56% move lower and its 1m and 6m trend has turned bearish yesterday while breaking below its $33 support level.
Digital Realty’s 1m and 6m trends turned bearish on 12/04 and recently bounced lower off its $116 resistance level. With a technical score of 2 (out of 10), DLR is a strong bearish stock that will likely continue lower.
As a stop loss, if DLR was to trade above $116 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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