Bullish – BXP $132.30 – Real Estate
The bullish DailyPlay we chose for Tuesday, March 5th is Boston Properties (BXP). BXP is part of the Real Estate Sector (XLRE). XLRE has rallied 1.40% higher over the past month and its 1m and 6m trend turned bullish on Feb 28th while bouncing higher off its $34 support level.
Boston Properties’ 1m and 6m trends turned bullish on Jan 25th and recently bounced off its $130 support level. With a technical score of 7 (out of 10), BXP is a bullish stock that will likely continue higher.
As a stop loss, if BXP was to trade below $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.