OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday May 11th is CVS (CVS). CVS is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 1.94% move higher and its 1m and 6m trends turned bullish on 5/2 while setting a new 52-week high today.

CVS’s 1m and 6m trends turned bullish on 5/3 and recently broke out above its $105 resistance level on high volume. With a technical score of 8 (out of 10), CVS looks positioned to continue this strong bullish trend higher.

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