The bearish DailyPlay we chose for Wednesday, Dec 19th is Pepsi Co (PEP). PEP is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 5.88% move lower and its 1m and 6m trend have turned bearish on 12/17 and recently broke below $53 support level.
Pepsi Co’s 1m and 6m trends turned bearish on 12/17 and recently broke below its $114 support level. With a technical score of 8 (out of 10), PEP is a strong stock that is starting to turn lower.
As a stop loss, if WYNN was to trade above $114 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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