J.B. Hunt (JBHT) – Bearish DailyPlay for Wednesday, Nov 28th, 2018

The bearish DailyPlay we chose for Wednesday, Nov 28th is J.B. Hunt (JBHT). JBHT is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.48% move higher but its 1m and 6m trend have turned bearish on 11/19 and recently bounced lower off its $70.50 resistance level.

J.B. Hunt’s 1m and 6m trends turned bearish yesterday and recently bounced lower off its $108 resistance level. With a technical score of 4 (out of 10), JBHT is a weak stock that will likely continue moving lower.

View this Trade Idea on JBHT

As a stop loss, if JBHT was to trade above $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: Sell Cash Secured Puts – Add yield while acquiring stock – Thurs 11/29 @ 4:15PM EST