OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday May 8th is Citigroup Inc. (C). C is part of the Financial Sector (XLF). XLF experienced a 0.62% move higher on Thursday as it crossed above its 50-day moving average. Both the 1-month and 6-month trends have turned bullish with a resistance level at $24.90.

Citigroup continues its strong bullish trend as it crosses above its 50-day moving average. As it continues to show positive momentum with a technical score of 5 (out of 10), C looks positioned to continue higher towards its $55.38 resistance level.

View this trade idea on $C