OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday, Aug 14th is Halliburton (HAL). HAL is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 2.53% move lower and its 1m and 6m trend turned bearish on 8/8 and recently broke below its $75 support level.

Halliburton’s 1m and 6m trends turned bearish on 7/11 and recently bounced lower off its $42 resistance level. With a technical score of 2 (out of 10), HAL is a bearish stock that will likely continue trending lower.

View this Trade Idea on HAL

As a stop loss, if HAL was to trade above $42 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Learn to Trade Options: OptionsPlay Platform Overview – Thurs 8/16 @ 4:15PM EST