OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday Feb 9th is Nextera Energy (NEE). NEE is part of the Utilites Sector (XLU). Over the last month, XLU has experienced a 2.51% move higher and its 1m and 6m trend has turned bullish on 2/6 while breaking above its $49 resistance level.

Nextera Energy’s 1m and 6m trends turned bullish on 1/27 and just broke above its $125 resistance level on high volume. With a technical score of 5 (out of 10), NEE looks positioned to continue this strong bullish trend higher.

View this Trade Idea on NEE

As a stop loss, if NEE was to trade below $125 for multiple days, this would invalidate our analysis and suggest getting out of the trade.