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.
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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