OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday September 28th is Coach (COH). COH is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 1.59% move lower and it’s 1m and 6m trend turned bearish on 9/26 and recently broke below its $80 support level.

Coach’s 1m and 6m trends turned bearish on 8/26 and recently bounced lower off its $36.50 resistance level. With a technical score of 1 (out of 10), COH looks positioned to continue this strong bearish trend lower.

Click here to View this Trade on $COH