OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday November 4th is Sinclair Broadcast Group (SBGI). SBGI is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 6.04% move higher and its 1m and 6m trend indicator both turned bullish on 10/5 and recently broke above its $77 resistance which now becomes support.

Sinclair Broadcast Group’s 1m and 6m trends have turned bullish on 10/7 and recently broke above its $31 resistance level on high volume which now become support. With a technical score of 7 (out of 10), SGBI looks positioned to continue this strong bullish trend higher.

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