OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday July 11th is Hartford Financial (HIG). HIG is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 4.95% move higher and its 1m and 6m trend has turned bullish on 6/26 and recently broke higher above its $24.50 resistance level which now becomes support.

Hartford Financial’s 1m and 6m trends turned bullish on 5/31 and recently broke above its $52.50 resistance level which now becomes support. With a technical score of 7 (out of 10), HIG is a strong bullish stock that looks to continue higher.

View this Trade Idea on HIG

As a stop loss, if HIG was to trade below $52.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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