he bullish DailyPlay we chose for Wednesday, Dec 12th is Universal Health (UHS). UHS is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.18% move lower and its 1m and 6m trend have turned bearish and neutral but has recently continued to make higher highs and lows.
Universal Health’s 1m and 6m trends turned bullish on 11/16 and recently bounced higher off its $125 support level. With a technical score of 9 (out of 10), UHS is a strong stock that will likely continue higher.
As a stop loss, if UHS was to trade below $125 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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