The bullish DailyPlay we chose for Thursday Feb 15th is Adobe (ADBE). ADBE is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.8% move lower and its 6m trend has turned bullish yesterday and recently bounced higher off its $64 support level.
Adobe’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $187.50 support level. With a technical score of 9 (out of 10), ADBE is a strong bullish stock that will likely continue higher.
As a stop loss, if ADBE was to trade below $187.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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