OptionsPlay DailyPlay

The DailyPlay we chose for Wednesday April 1st is ConocoPhillips (COP). COP is part of the S&P SPDR Energy Sector (XLE). XLE is in a bearish trend as it has experienced a 1.24% move lower over the last month.

ConocoPhillips 1-month and 6-month trend indicators turned bearish as it shows negative momentum. After experiencing a 2.7% move lower with relatively high volume, COP looks positioned to move lower towards $60.

View this trade on $COP