Bearish DailyPlay for Thursday April 28th, 2016 – Microsoft (MSFT)
The bearish DailyPlay we chose for Thursday April 28th is Microsoft (MSFT). MSFT is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 2.60% lower and its 1m and 6m trend turned bearish yesterday and just broke below its $44 support level.
Microsoft’s 1m and 6m trends turned bearish on 4/22 and recently broke below its $53 minor support level. With a technical score of 2 (out of 10), MSFT looks positioned to continue this strong bearish trend lower.