OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday September 11th is FireEye, Inc. (FEYE). FEYE is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 5.34% move lower as both trends remain bearish.

FireEye, Inc.’s 1-month and 6-month trend indicators are in a strong bearish trend as it continues to show negative momentum with a technical score of 4. FEYE recently bounced lower off its $39.31 resistance level as it looks positioned to continue lower towards $30.00.

View this trade idea on $FEYE