S&P 500 Market Outlook: Bullish
Bullish Trade: UAL $93.53 – Transportation
The bullish DailyPlay we chose for Tuesday, Nov 12th is United Airlines (UAL). UAL is part of the Transportation Sector (XTN). XTN has rallied 7.80% higher over the past month and its 1m and 6m trend turned bullish on Oct 11th while breaking above its bearish resistance line.
United Airline’s 1m and 6m trend turned bullish on Oct 15th and recently bounced higher off its $92 support level. With a technical score of 8 (out of 10), UAL is a strong stock that will likely continue higher.
As a stop loss, if UAL was to trade below $92 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.
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