OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday Dec 6th is Potash (POT). POT is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 11.24% move higher and it’s 1m and 6m trend turned bullish on 11/7 and recently broke above its $62 resistance level.

Potash’s 1m and 6m trends turned bullish on 11/8 and recently broke above its $18 resistance level on high volume. With a technical score of 5 (out of 10), POT looks positioned to continue this strong bullish trend higher.

View this Trade Idea on POT

As a stop loss, if POT was to trade below $18 for multiple days, this would invalidate our analysis and suggest getting out of the trade.