The bullish DailyPlay we chose for Friday Dec 1st is Marathon Petroleum (MPC). MPC is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 1.75% move higher and its 1m and 6m trend has turned bullish yesterday and recently broke above its $69 resistance level.
Marathon Petroleum’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $60 support level. With a technical score of 8 (out of 10), MPC is a strong bullish stock that is likely to continue higher.
As a stop loss, if MPC was to trade below $60 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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