OptionsPlay DailyPlay

The bearish DailyPlay we chose for Thursday January 7th is Southwestern Energy (SWN). SWN is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 9.23% move lower and it’s 1m and 6m trend turned bearish on 12/02 while breaking below its $65 support area.

Southwestern Energy’s 1m and 6m trends turned bearish on 11/17 and recently bounced lower off its $8 minor resistance area. With a technical score of 1 (out of 10), SWN looks positioned to continue this strong bearish trend lower.

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