OptionsPlay DailyPlay

The bearish DailyPlay we chose for Monday September 21th is GoPro (GPRO). GPRO is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.71% move lower as the 1m trend turns bearish today

GoPro has been in a strong bearish trend since August 2015 as it recently bounced lower off its $37.50 minor resistance level with negative momentum. With a technical score of 2 (out of 10), GPRO looks positioned to continue this strong bearish trend lower towards $31.32 support.

View this Trade Idea on $ROK