OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday Sept 12th is Royal Caribbean (RCL). RCL is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.27% move higher and its 1m trend has turned neutral yesterday while bouncing higher off its $89 support level.

Royal Caribbean’s 1m and 6m trends turned bullish yesterday while bouncing higher off its $117 support level. With a technical score of 8 (out of 10), RCL is a strong bullish stock that looks to continue higher.

View this Trade Idea on RCL

As a stop loss, if RCL was to trade below $117 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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