OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday Dec 8th is Texas Instruments (TXN). TXN is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.57% move lower and its 1m trend has turned mildly bearish yesterday but recently bounced higher off $62 support level.

Texas Instrument’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $96 support level. With a technical score of 8 (out of 10), TXN is a strong bullish stock that is likely to continue higher.

View this Trade Idea on TXN

As a stop loss, if TXN was to trade below $96 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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