OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday August 3rd is BioMarin Pharmaceutical Inc. (BMRN). BMRN is part of the Health Care Sector (XLV). Over the last month, XLV has experienced a 2.96% move higher as both 1-month and 6-month trends remain bullish.

BioMarin Pharmaceutical Inc.’s 1-month and 6-month trend indicators have been in a strong bullish trend since the beginning of May. BMRN continues to show positive momentum as it recently bounced off its $141.03 support level and looks positioned to move higher.

View this trade idea on $BMRN