OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday November 2nd is Intel (INTC). INTC is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 10.45% move higher and its 1m and 6m trend indicator both turned bullish on 10/15.

Intel’s 1m and 6m trends have turned bullish on 10/5 and recently pulled back towards its $33 support area, providing a good long entry. With a technical score of 8 (out of 10), INTC looks positioned to continue this strong bullish trend higher towards its $37 resistance level.

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