OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday November 11th is Johnson & Johnson (JNJ). JNJ is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 4.46% move higher and its 1m trend recently turned bullish and 6m trend turned neutral.

Johnson & Johnson’s 1m and 6m trends have turned bullish on 10/22 after breaking above its $97 resistance level on high volume which now becomes support. With a technical score of 7 (out of 10), JNJ looks positioned to continue this strong bullish trend higher.

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