OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday April 12th is J.B. Hunt (JBHT). JBHT is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 0.19% move lower and its 1m and 6m trend has turned bullish yesterday but recently bounced lower off its $65.50 resistance level.

J.B. Hunt’s 1m and 6m trends turned bearish on 3/21 and recently bounced lower off its $93 resistance level on high volume. With a technical score of 6 (out of 10), JBHT is a bearish stock that looks to continue lower.

View this Trade Idea on JBHT

As a stop loss, if JBHT was to trade above $93 for multiple days, this would invalidate our analysis and suggest getting out of the trade.