DailyPlay for Friday August 7th, 2015 – Capital One Financial Corporation (COF)

The bearish DailyPlay we chose for Friday August 7th is Capital One Financial Corporation (COF). COF is part of the Financial Sector (XLF). XLF’s 1-month trend has turned neutral as it bounces lower off its $25.30 resistance level.

Capital One Financial Corporation’s 1-month and 6-month have been in a bearish trend since mid-July as it is showing negative momentum with relatively high volume. COF looks positioned to continue this bearish trend lower.

View this trade idea on $COF