The bearish DailyPlay we chose for Thursday February 4th is Whole Foods (WFM). WFM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 5.08% move lower and it’s 1m and 6m trend turned bearish on 1/04 while breaking below its $77 minor support area.
Whole Foods’s 1m and 6m trends turned bearish on 1/13 and recently bounced lower off its $30 minor resistance level. With a technical score of 4 (out of 10), WFM looks positioned to continue this strong bearish trend lower.