VF Corp (VFC) – Bearish DailyPlay for Tuesday, Jan 15th, 2019
The bearish DailyPlay we chose for Tuesday, Jan 15th is VF Corp (VFC). VFC is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.61% move lower and its 1m and 6m trend have turned neutral and bullish on 1/8 but has just bounced lower off testing its $105 resistance level.
VF Corp’s 1m and 6m trends turned bearish on 1/11 and recently bounced lower off its $75 resistance level. With a technical score of 3 (out of 10), VFC is a bearish stock that is likely to continue lower.
As a stop loss, if VFC was to trade above $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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