OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday November 9th is Costco Wholesale (COST). COST is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 0.34% move higher and its 1m trend recently turned bullish and 6m trend turned neutral.

Costco Wholesale’s 1m and 6m trends have turned bullish on 9/23 and recently broke above its $155 resistance level on high volume which now becomes support. With a technical score of 8 (out of 10), COST looks positioned to continue this strong bullish trend higher.

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