The bullish DailyPlay we chose for Tuesday Sept 11thÂ is Michael Kors (KORS). KORS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.06% move higher and its 1m and 6m trend has turned bullish on 8/16 and recently bounced higher off its $115 support level.
Michael Kors’ 1m and 6m trends turned bullish on 8/8 and recently bounce higher off its $82 support level. With a technical score of 8 (out of 10), KORS is a strong bullish stock that will likely continue higher.
As a stop loss, if KORS was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event:Â Credit Spread Strategy using Weekly Index OptionsÂ – Thurs 9/13 @ 4:15PM EST
DailyPlay Performance: 67% Winners & Average Winning Trade of 82.32%
Historical DailyPlay Trades: All open and closed trades