OptionsPlay DailyPlay

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.

Click here to View this Trade on $WFM