DailyPlay for Monday June 22nd, 2015 – Chevron Corporation (CVX)

The bearish DailyPlay we chose for Monday June 22nd is Chevron Corporation (CVX). CVX is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 4.62% move lower as both trends remain bearish.

Chevron Corporation’s 1-month and 6-month trends are bearish as it recently bounced off its $101.31 resistance level with high volume. CVX continues lower towards its 52-week low with negative momentum and looks positioned to set new lows.

View this trade idea on $CVX