Bearish DailyPlay for Friday April 22nd, 2016 – COSTCO (COST)
The bearish DailyPlay we chose for Friday April 22nd is COSTCO (COST). COST is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.22% lower and its 1m and 6m trend turned bearish today and broke below its $52 support level.
COSTCO’s 1m and 6m trends turned bearish today and recently bounced lower off its $155 minor resistance level. With a technical score of 4 (out of 10), COST looks positioned to continue this bearish trend lower.