OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday Feb 7th is Delta Airlines (DAL). DAL is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.48% move higher and its 1m and 6m trend has turned bullish on 2/3 and recently bounced higher off its $63 support level.

Delta Airline’s 1m and 6m trends turned bearish and neutral on 1/27, however we feel this move lower was oversold after Trump’s immigration ban, providing a good opportunity to enter long. With a technical score of 8 (out of 10), DAL looks positioned to continue this strong bullish trend higher.

View this Trade Idea on DAL

As a stop loss, if DAL was to trade below $47.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.