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.