The bullish DailyPlay we chose for Thursday July 13th is Celgene (CELG). CELG is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 1.88% move higher and its 1m and 6m trend has turned bullish today while breaking above a bullish consolidation triangle.
Celgene’s 1m and 6m trends turned bullish on 6/16 and recently broke above its $130 resistance level which now becomes support. With a technical score of 8 (out of 10), CELG is a strong bullish stock that looks to continue higher.
As a stop loss, if CELG was to trade below $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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