Bearish DailyPlay for Thursday September 1st, 2016 – Kimberly Clark (KMB)
The bearish DailyPlay we chose for Thursday September 1st is Kimberly Clark (KMB). KMB is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 0.55% move lower and it’s 1m and 6m trend turned neutral and bearish on 8/5 while bouncing lower off its $55 resistance level.
Kimberly Clark’s 1m and 6m trends turned bearish on 7/27 and recently bounced lower off its $130 resistance level. With a technical score of 2 (out of 10), KMB looks positioned to continue this strong bearish trend lower.