OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday May 6th is Regions Financial (RF). RF is part of the Financials Sector (XLF). Over the last month, XLF has experienced a 2.86% move higher and recently just bounced higher off its $23 minor support level.

Regions Financial’s 1m and 6m trends turned bullish on 4/15 while breaking above its $8.50 resistance level on high volume. With a technical score of 7 (out of 10), RF looks positioned to continue this strong bullish trend higher.

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