OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday Sept 8th is American Airlines (AAL). AAL is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 0.92% move lower and its 1m and 6m trend has turned bearish and neutral on 9/5 while bouncing lower off its $69 resistance level.

American Airlines’ 1m and 6m trends turned bearish on 8/17 while breaking below its $46 support level which now becomes resistance. With a technical score of 4 (out of 10), AAL is a strong bearish stock that is likely to continue lower.

View this Trade Idea on AAL

As a stop loss, if AAL was to trade above $46 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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