The bullish DailyPlay we chose for Wednesday Feb 14th is Target (TGT). TGT is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.19% move lower and its 6m trend has turned bullish on 2/12 and recently bounced higher off its $100 support level.
Target’s 1m and 6m trends turned neutral and bullish today and recently bounced higher off its $72 support level. With a technical score of 9 (out of 10), TGT is a strong bullish stock that will likely continue higher.
As a stop loss, if TGT was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options w/ OptionsPlay’s new Educational Webinar Series!