OptionsPlay DailyPlay

The bearish DailyPlay we chose for Friday January 15th is W.W. Grainger (GWW). GWW is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 6.98% move lower and it’s 1m and 6m trend turned bearish on 12/31 while breaking below its $52 support area.

W.W. Grainger’s 1m and 6m trends turned bearish on 1/07 and broke below its $192 support area on high volume. With a technical score of 5 (out of 10), GWW looks positioned to continue this strong bearish trend lower.

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