Bullish – YNDX $ 32.83 – Technology
The bullish DailyPlay we chose for Wednesday, Feb 20th is Yandex (YNDX). YNDX is in the Technology Sector (XLK). XLK has rallied 8.90% higher over the past month and its 1m and 6m trend turned bullish on Feb 12th while breaking above its $68 resistance level.
Yandex’s 1m and 6m trends turned bullish on Jan 23rd while breaking above its $32 resistance level and recently bounced off that level as support. With a technical score of 6 (out of 10), YNDX is a neutral stock that is starting to trend higher.
As a stop loss, if YNDX was to trade below $32 for multiple days, this would invalidate our analysis and suggest getting out of the trade.