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.