OptionsPlay DailyPlay

The bearish DailyPlay we chose for Thursday September 3rd is AbbVie Inc. (ABBV). ABBV is part of the Health Care Sector (XLV). Over the last month, XLV has experienced a 10.38% move lower as both trends remain bearish.

AbbVie Inc. remains in a strong bearish trend after recently crossing below its $64.66 support level which now becomes resistance. ABBV looks positioned to continue its negative momentum lower towards $52.

View this trade idea on $ABBV