OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday March 8th is DTE Energy (DTE). DTE is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 2.05% move higher and it’s 1m and 6m trends turned bullish on 3/3 while bouncing off its $46 support level.

DTE Energy’s 1m and 6m trends turned bullish today and recently bounce higher off its $83 support area on high volume. With a technical score of 7 (out of 10), DTE looks positioned to continue this strong bullish trend higher.

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