OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday Nov 9th is Nextera Energy (NEE). NEE is part of the Utilites Sector (XLU). Over the last month, XLU has experienced a 4.04% move higher and its 1m and 6m trend has turned bullish on 10/19 while breaking above its $55 resistance level.

Nextera Energy’s 1m and 6m trends turned bullish on 11/7 and recently broke above its $155 resistance level which now becomes support. With a technical score of 8 (out of 10), NEE is a strong bullish stock that is likely to continue higher.

View this Trade Idea on NEE

As a stop loss, if NEE was to trade below $155 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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