OptionsPlay DailyPlay

S&P 500 Market Outlook: Bullish

Bullish Trade: CVS $62.76 – Healthcare

The bullish DailyPlay we chose for Friday, Sept 6th is CVS (CVS). CVS is part of the Healthcare Sector (XLV). XLV has rallied 1.07% higher over the past month and its 1m and 6m trend remains bearish but has broken above its $91 resistance level and continues to print higher lows. 

CVS’s 1m and 6m trend turned bullish on Aug 7th and recently bounced higher off its $60 support level. With a technical score of 9 (out of 10), CVS is a strong stock that will likely continue higher.

As a stop loss, if CVS was to trade below $60 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.

View CVS Trade

DailyPlay Trades & Performance

New! Track open DailyPlay trades with performance metrics and analytics. DailyPlay Trades

Upcoming Event:

Prepare Your Portfolio Recessions & Bear Markets– Thur 9/12 @ 4:15PM EST – Register Now