The bearish DailyPlay we chose for Wednesday, Nov 28th is J.B. Hunt (JBHT). JBHT is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.48% move higher but its 1m and 6m trend have turned bearish on 11/19 and recently bounced lower off its $70.50 resistance level.
J.B. Hunt’s 1m and 6m trends turned bearish yesterday and recently bounced lower off its $108 resistance level. With a technical score of 4 (out of 10), JBHT is a weak stock that will likely continue moving lower.
As a stop loss, if JBHT was to trade above $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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