The bearish DailyPlay we chose for Monday November 16th is Whole Foods Market (WFM). WFM is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.34% move lower and its 1m and 6m trend both turned bearish on 11/12.
Whole Foods Market’s 1m and 6m trends have turned bearish on 10/22 after breaking below its $31 minor support level on high volume which now becomes resistance. With a technical score of 2 (out of 10), WFM looks positioned to continue this strong bearish trend lower.