T. Rowe Price (TROW) – Bearish DailyPlay for Thursday Sept 27th, 2018
The bearish DailyPlay we chose for Thursday Sept 27th is T.Rowe Price (TROW). TROW is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 2.27% move lower and its 1m trend has turned bearish yesterday but broke below its $28.50 support level which now becomes resistance.
T.Rowe Price’s 1m and 6m trends turned bearish on 9/7 while breaking below its $114 support level, which now becomes resistance. With a technical score of 5 (out of 10), TROW is a neutral stock that is starting to trend lower.
As a stop loss, if TROW was to trade above $114 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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