The bullish DailyPlay we chose for Tuesday, July 3rd is Intuit (INTU). INTU is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.41% move lower but its 1m/6m trend has turned neutral/bullish yesterday and recently bounced higher off its $69 support level.
Intuit’s 1m and 6m trends turned neutral/bullish on 6/28 and recently bounced higher off its $200 support level. With a technical score of 9 (out of 10), INTU is a strong bullish stock that will likely continue higher.
As a stop loss, if INTU was to trade below $200 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Webinar Recording: Generating Consistent Income using Weekly Options