DailyPlay for Monday August 24th, 2015 – International Business Machines Corporation (IBM)

The bearish DailyPlay we chose for Monday August 24th is International Business Machines Corporation (IBM). IBM is part of the Technology Sector (XLK). Over the last month, XLK has experienced 5.82% move lower as both trends remain bearish.

International Business Machines Corporation has been in a strong bearish trend since the middle of July as it recently set a 52-week low. IBM continues to show negative momentum and looks positioned to continue this bearish trend lower.

View this trade idea on $IBM