The bullish DailyPlay we chose for Thursday June 13th is PVH (PVH). PVH is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 5.52% move higher and its 1m and 6m trend has turned bullish on 5/25 while breaking above its $89 resistance level.
PVH’s 1m and 6m trends turned bullish on 5/22 and recently bounced higher off its $104 support level. With a technical score of 5 (out of 10), PVH is a strong bullish stock that looks to continue higher.
As a stop loss, if PVH was to trade below $104 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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