The bearish DailyPlay we chose for Friday, May 25th is CBOE (CBOE). CBOE is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.77% move higher and its 1m and 6m trend turned bullish on 5/10 but recently bounced lower off its $28.20 resistance level.
CBOE’s 1m and 6m trends turned bearish on 5/22 and recently bounced lower off its $108 resistance level. With a technical score of 2 (out of 10), CBOE is a weak stock that will likely trend lower.
As a stop loss, if CBOE was to trade above $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
DailyPlay Performance: 67% Winners – 85% Average Profitable Trades! View Performance Metrics