The bullish DailyPlay we chose for Wednesday June 8th is Mylan (MYL). MYL is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 4.40% move higher and it’s 1m and 6m trend just turned bullish on 5/24 while breaking above its $72 minor resistance level.
Mylan’s 1m and 6m trends turned bullish today while breaking above its $44 resistance level on high volume. With a technical score of 4 (out of 10), MYL looks positioned to continue this strong bullish trend higher.