OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday November 6th is Dynegy Inc (DYN). DYN is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 1.26% move higher and its 1m trend recently turned bullish and 6m trend turned neutral.

Dynegy Inc’s 1m and 6m trends have turned bearish on 10/22 and recently broke below its $20 support level after releasing earnings last night. With a technical score of 1 (out of 10), DYN looks positioned to continue this strong bearish trend lower.

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