Bearish DailyPlay for Thursday Feb 22nd, 2018 – Kinder Morgan (KMI)
The bearish DailyPlay we chose for Thursday, Feb 22nd is Kinder Morgan (KMI). KMI is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 14.16% move lower and its 1m and 6m trend has turned bearish on 2/6 and recently bounced lower off its $68.50 resistance level.
Kinder Morgan’s 1m and 6m trends turned bearish on 1/31 and recently bounced lower off its $17.50 resistance level. With a technical score of 2 (out of 10), KMI is a bearish stock that is trending lower.
As a stop loss, if ROK was to trade above $190 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options w/ OptionsPlay’s new Educational Webinar Series!