OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday December 2nd is Alphabet (GOOGL). GOOGL is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.05% move higher and its 1m and 6m trend both turned bullish on 11/18.

Alphabet’s 1m and 6m trends just turned bullish on 10/5 and recently broke above its $750 resistance level on high volume which now becomes support. With a technical score of 10 (out of 10), GOOGL looks positioned to continue this strong bullish trend higher.

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