Fortive FTV Stock & Option Trade Ideas

Based on the technical data for FTV, the stock seems to be in a bearish trend:

• MACD: The MACD is consistently below the Signal Line, indicating a bearish signal.
• RSI: The Relative Strength Index (RSI) is trending lower, currently at a level of 34.28, which suggests the stock is approaching oversold territory.
• Bollinger Bands: The stock price has been consistently below the middle band of the Bollinger Bands, showing a downward trend.

Considering the bearish outlook, here are potential trading strategies for FTV in the coming days:

• Stock Trade: Consider short-selling FTV shares to profit from the expected downward movement in the stock price until signs of a reversal appear.
• Option Trade: Purchase put options on FTV to benefit from a potential further decline in the stock price. Look for out-of-the-money or at-the-money puts with a suitable expiration date to capture the expected move.
• Risk Management: Given the bearish trend, it’s crucial to set stop-loss orders to manage risk. Additionally, closely monitor key technical indicators for any signs of a trend reversal.