CBOE (CBOE) – Bearish DailyPlay for Friday May 25th, 2018
The bearish DailyPlay we chose for Friday, May 25th is CBOE (CBOE). CBOE is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.77% move higher and its 1m and 6m trend turned bullish on 5/10 but recently bounced lower off its $28.20 resistance level.
CBOE’s 1m and 6m trends turned bearish on 5/22 and recently bounced lower off its $108 resistance level. With a technical score of 2 (out of 10), CBOE is a weak stock that will likely trend lower.
As a stop loss, if CBOE was to trade above $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
DailyPlay Performance: 67% Winners – 85% Average Profitable Trades! View Performance Metrics