OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday October 6th is Teva Pharmaceutical Industries (TEVA). TEVA is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.51% move lower and its 1m and 6tn trends remain bearish August 20th.

Teva Pharmaceutical Industry’s 1m and 6m trends have been bearish since September 24th and has recently bounced off it’s $60 minor resistance area. With a technical score of 5 (out of 10), TEVA looks positioned to continue this strong bearish trend lower towards $54 support.

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