The bearish DailyPlay we chose for Thursday Nov 17th is Pfizer (PFE). PFE is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.07% move lower and its 6m trend turned bearish on 11/11 and recently broke below its $71 support level.
Pfizer’s 6m trends turned bearish on 11/11 and recently broke below its $33 support level on high volume. With a technical score of 2 (out of 10), PFE looks positioned to continue this strong bearish trend lower.
As a stop loss, if PFE was to trade above $33 for multiple days, this would invalidate our analysis and suggest getting out of the trade.