The bullish DailyPlay we chose for Friday June 2nd is Cigna (CI). CI is part of the Healthcare Sector (XLY). Over the last month, XLY has experienced a 0.96% move higher and its 1m and 6m trend has turned bullish on 5/23 and just broke above its $76 resistance level.
Cigna’s 1m and 6m trends turned bullish on 5/23 and recently bounced higher off its $160 support level on high volume. With a technical score of 8 (out of 10), CI is a strong bullish stock that looks to continue higher.
As a stop loss, if CI was to trade below $160 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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