OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday September 22nd is Biogen Inc (BIIB). BIIB is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.41% move lower as both the 1m and 6m trends turns bearish today

Biogen’s 1m and 6m trends have turned bearish yesterday and it recently bounced lower off its $337.00 resistance level with negative momentum. With a technical score of 1 (out of 10), BIIB looks positioned to continue this strong bearish trend lower towards $265.00 support.

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