OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday Nov 14th is Marriott (MAR). MAR is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 1.6% move higher and its 1m and 6m trend has turned bullish on 10/3 and recently broke above its $92.50 resistance level.

Marriott’s 1m and 6m trends turned bullish on 8/30 and recently broke above its $117 resistance level which now becomes support. With a technical score of 8 (out of 10), MAR is a strong bullish stock that is likely to continue higher.

View this Trade Idea on MAR

As a stop loss, if MAR was to trade below $117 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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