The bullish DailyPlay we chose for Wednesday Nov 9th is Citigroup (C). C is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.37% move higher and it’s 1m and 6m trend turned bullish on 11/7 and recently bounced higher off its $19.50 support level.
Citigroup’s 1m and 6m trends turned bullish on 11/7 and recently bounced higher off its $48 support level. With a technical score of 8 (out of 10), C looks positioned to continue this strong bullish trend higher.
As a stop loss, if C was to trade below $48 for multiple days, this would invalidate our analysis and suggest getting out of the trade.