The bullish DailyPlay we chose for Tuesday, Nov 6th is Dominion Energy (D). D is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 0.50% move higher and its 1m and 6m trend has turned bullish yesterday while bouncing higher off its $53 support level.
Dominion Energy’s 1m and 6m trends turned bearish on 10/31 but recently bounced higher off its $69 support level and triggered a buy signal. With a technical score of 8 (out of 10), D is a bullish stock that is likely to reverse higher.
As a stop loss, if D was to trade below $69 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Educational Webinar Schedule: View our Nov schedule and register now!