Restaurant Brands International builds bearish momentum towards key support at $75.24

• Price action honing in on likely support at $75.24

Restaurant Brands International's bearish run has lasted 5 days so far (-86 cents). Today's session continued down the same path: pronounced bearish sentiment in the market pushed the US fast food multinational into a notable 0.38% slide today, falling 29 cents and ultimately closing at $75.35.

The stock has been trending positively for about 3 months. The US fast food multinational now trading 21.35% above its 3-month low of $47.97.

Chart analysis suggests Restaurant Brands International Inc. could begin to recover as it approaches significant support, now 11 cents away from $75.24. Dipping below could be an indication that further losses are ahead.

Fundamental indicators – United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54.

Restaurant Brands International was not the only decliner in the consumer discretionary sector; Toyota lost 2.37% today and closed at $153.38. Starbucks went down 2.49%, closed at $100.85. McDonald's lost 1.16% today and closed at $289.91.