OptionsPlay DailyPlay

The DailyPlay for March 18th is Goldcorp Inc. (GG). GG is a member of the Gold Miners ETF (GDX) which has experienced a 12.83% move lower over the last month. The 1-month and 6-month trends are bearish with support level at $16.34.

Commodity stocks are getting hurt as the dollar grows stronger. GG has been in a bearish trend since the end of February and is showing weak momentum as it looks to move lower towards its $16.80 support level.

View this trade idea on $GG