The bullish DailyPlay we chose for Friday March 9th is Intuit (INTU). INTU is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 2.15% move higher and its 1m and 6m trend has turned bullish on 3/5 and recently bounced higher off its $28 support level.
Intuit’s 1m and 6m trends turned bullish on 2/15 while breaking above its $165 resistance level which now becomes support. With a technical score of 8 (out of 10), INTU is a strong bullish stock that will likely continue higher.
As a stop loss, if INTU was to trade below $165 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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