OptionsPlay DailyPlay

The bearish DailyPlay we chose for Monday June 22nd is Chevron Corporation (CVX). CVX is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 4.62% move lower as both trends remain bearish.

Chevron Corporation’s 1-month and 6-month trends are bearish as it recently bounced off its $101.31 resistance level with high volume. CVX continues lower towards its 52-week low with negative momentum and looks positioned to set new lows.

View this trade idea on $CVX