OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday June 10th is Wal-Mart Stores Inc. (WMT). WMT is part of the Consumer Staples Sector (XLP). Over the last three months, XLP has experienced a 2.44% move lower as both 1-month and 6-month trends are bearish.

Wal-Mart Stores continues its strong bearish trend as it recently set a new 52-week low. Both 1-month and 6-month trends are bearish as WMT shows negative momentum with a technical score of 2 (out of 10) and looks positioned to continue lower.

View this trade idea on $WMT