OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday June 9th is Union Pacific Corporation (UNP). UNP is part of the Industrials Sector (XLI). Over the last three months, XLI has experienced a 2.41% move lower as both 1-month and 6-month trends are bearish. XLI looks positioned to continue lower towards its $54.83 support level.

Union Pacific Corporation continues its strong bearish trend as it bounced off its 20-day moving average. With a technical score of 2 (out of 10) and negative momentum, UNP looks positioned to continue lower towards its $96.17 support level.

View this trade idea on $UNP