The bullish DailyPlay we chose for Thursday Oct 13th is Anadarko Petroleum (APC). APC is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 3.87% move higher and it’s 1m and 6m trend turned bullish on 9/28 while breaking above its $70 resistance level.
Anadarko Petroleum’s 1m and 6m trends turned bullish on 9/2 and recently broke higher above its $62 resistance level. With a technical score of 9 (out of 10), APC looks positioned to continue this strong bullish trend higher.
As a stop loss, if APC was to trade below $62 for multiple days, this would invalidate our analysis and suggest getting out of the trade.