OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday February 16th is AT&T (T). T is part of the Technology Staples Sector (XLK). Over the last month, XLK has experienced a 1.16% move lower but it’s 1m trend turned bearish on 2/06 but recently formed a double bottom around the $38 support area.

AT&T’s 1m and 6m trends turned bullish on 1/21 and recently broke above its $35.50 resistance area on high volume. With a technical score of 10 (out of 10), T looks positioned to continue this strong bullish trend higher.

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