The bullish DailyPlay we chose for Wednesday, Sept 5th is Pfizer (PFE). PFE is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.48% move higher and its 1m and 6m trend has turned bullish on 7/5 and recently broke above its $90 resistance level.
Pfizer’s 1m and 6m trends turned bullish on 7/3 and recently bounce higher off its $41 support level. With a technical score of 8 (out of 10), PFE is a strong bullish stock that will likely continue higher.
As a stop loss, if PFE was to trade below $41 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Webinar: How to Trade Options – A Beginner’s Guide – Thurs 9/6 @ 4:15PM EST