OptionsPlay DailyPlay

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.

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