Broadridge BR Stock & Option Trade Ideas

Based on the technical data for BR, it appears to be in a bearish trend:

• The MACD line is consistently below the Signal line.
• The RSI has been fluctuating but mostly remains below 50, indicating bearish momentum.
• The stock price has been trending downwards.

Considering the bearish trend, here are potential trading strategies for BR:

• Stock Trades:
• Short selling: Consider short selling BR stock with a stop-loss in case of a sudden uptrend.
• Put options: Buying put options can be profitable if BR continues to decline.
• Option Trades:
• Bear put spread: Buy a put option with a higher strike price and simultaneously sell a put option with a lower strike price. This strategy profits if BR drops below the lower strike price.
• Long put: Simply buying a put option can be a straightforward way to benefit from a further decline in BR’s stock price.