OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday September 27st is Costco (COST). COST is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.51% move lower and it’s 1m and 6m trend turned bearish yesterday and recently broke below its $54 support level.

Costco’s 1m and 6m trends turned bearish on 9/7 and recently bounced lower off its $155 resistance level. With a technical score of 2 (out of 10), COST looks positioned to continue this strong bearish trend lower.

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