OptionsPlay DailyPlay

The bearish DailyPlay we chose for Monday June 8th is L Brands, Inc. (LB). LB is part of the Consumer Discretionary Sector (XLY). XLY has been moving lower over the past week as it tests its 50-day moving average. XLY’s 1-month trend has turned neutral.

L Brands, Inc.’s 1-month and 6-month trends have turned bearish as it continues to show negative momentum after bouncing off its 20-day moving average. With a technical score of 4 (out of 10) LB looks positioned to continue lower towards $80.00.

View this trade idea on $LB