OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday June 16th is NextEra Energy, Inc. (NEE). NEE is part of the Utilities Sector (XLU). Over the last three months, XLU has experienced a 3.16% move lower as both the 1-month and 6-month trends remain bearish with a support level at $41.57.

NextEra Energy, Inc. continues its bearish trend as it experienced a 0.12% move lower on Monday. With a technical score of 3 (out of 10) and negative momentum, NEE looks positioned to continue lower towards its $96.33 support level.

View this trade idea on $NEE