OptionsPlay DailyPlay

The bearish DailyPlay we chose for Monday February 8th┬áis Seagate Tech (STX). STX is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 5.10% move lower and it’s 1m and 6m trend turned bearish on 1/04 and recently bounced lower off its $41 resistance area.

Seagate Tech’s 1m and 6m trends turned bearish on 1/06 and recently bounced lower off its $33 resistance area. With a technical score of 2 (out of 10), STX looks positioned to continue this strong bearish trend lower.

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