OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday January 26th is VF Corp (VFC). VFC is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 7.43% move lower and it’s 1m and 6m trend turned bearish on 1/04 while bouncing lower off its $74 resistance area.

VF Corp’s 1m and 6m trends turned bearish on 12/03 and recently broke below its $61 minor support level. With a technical score of 4 (out of 10), VFC looks positioned to continue this strong bearish trend lower.

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