OptionsPlay DailyPlay

The bearish DailyPlay we chose for Tuesday, Nov 27th is Moody’s (MCO). MCO is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 3.51% move higher but its 1m and 6m trend have turned bearish on 11/20 and recently bounced lower off its $27 resistance level.

Moody’s 1m and 6m trends turned bearish on 11/12 and recently bounced lower off its $155 support level. With a technical score of 5 (out of 10), MCO is a neutral stock that is starting to turn lower.

View this Trade Idea on MCO

As a stop loss, if MCO was to trade above $155 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: Sell Cash Secured Puts – Add yield while acquiring stock – Thurs 11/29 @ 4:15PM EST