OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday August 2nd is Intel (INTC). INTC is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 7.31% move higher and it’s 1m and 6m trend turned bullish on 7/6 and recently broke higher above its $46 resistance level.

Intel’s 1m and 6m trends turned bullish on 6/29 and recently broke higher above its $33 resistance level on high volume. With a technical score of 5 (out of 10), INTC looks positioned to continue this strong bullish trend higher.

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