The bullish DailyPlay we chose for Monday Dec 11th is Zoetis (ZTS). ZTS is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 1.57% move higher and its 1m and 6m trend has turned bullish on 12/8 while bouncing higher off $82 support level.
Zoetis’ 1m and 6m trends turned bullish on 11/7 and recently bounced higher off its $70 support level. With a technical score of 8 (out of 10), ZTS is a strong bullish stock that is likely to continue higher.
As a stop loss, if ZTS was to trade below $70 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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