OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday September 2nd is Alphabet Inc (GOOGL). GOOGL is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.70% move higher and it’s 1m and 6m trend turned bullish today and recently bounced higher off its $46.50 resistance level.

Alphabet Inc’s 6m trends turned bullish on 7/14 and recently bounced higher off its $785 support level. With a technical score of 5 (out of 10), GOOGL looks positioned to continue this strong bullish trend higher.

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