Bearish DailyPlay for Friday Nov 3rd, 2017 – Quest Diagnostics (DGX)

The bearish DailyPlay we chose for Friday Nov 3rd is Quest Diagnostics (DGX). DGX is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 1.49% move lower and its 1m and 6m trend has turned bearish and neutral while breaking below its $82 support level.

Quest Diagnostics’s 1m and 6m trends turned neutral and bearish on 10/19 while breaking bouncing lower off its $96 resistance level. With a technical score of 3 (out of 10), DGX is a strong bearish stock that is likely to continue lower.

View this Trade Idea on DGX

As a stop loss, if DGX was to trade above $96 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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