The bearish DailyPlay we chose for Tuesday, Jan 15th is VF Corp (VFC). VFC is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.61% move lower and its 1m and 6m trend have turned neutral and bullish on 1/8 but has just bounced lower off testing its $105 resistance level.
VF Corp’s 1m and 6m trends turned bearish on 1/11 and recently bounced lower off its $75 resistance level. With a technical score of 3 (out of 10), VFC is a bearish stock that is likely to continue lower.
As a stop loss, if VFC was to trade above $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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