OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday Jan 6th is MasterCard (MA). MA is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.49% move higher and it’s 1m and 6m trend turned bullish on 1/3 and recently bounced higher from its $48 support level.

MasterCard’s 1m and 6m trends turned bullish on 1/3 and recently broke above its $106 resistance level. With a technical score of 7 (out of 10), MA looks positioned to continue this strong bullish trend higher.

View this Trade Idea on MA

As a stop loss, if MA was to trade below $106 for multiple days, this would invalidate our analysis and suggest getting out of the trade.