OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday December 22th is CF Industries (CF). CF is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 7.55% move lower with its 1m and 6m trends turning bearish on 12/11 and broke below its $44 support level.

CF’s 1m and 6m trends turned bearish on 11/5 and recently bounced lower off its $45 resistance area. With a technical score of 2 (out of 10), CF looks positioned to continue this strong bearish trend lower.

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