The bullish DailyPlay we chose for Wednesday December 16th is Fifth Third Bank (FITB). FITB is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 0.58% move higher and recently the 1m and 6m trend turned bearish on 12/09, however it just broke above its $23.50 major resistance level on high volume
Fifth Third Bank’s 1m and 6m trends turned bullish today and recently bounced higher off its $19.50 support level. With a technical score of 7 (out of 10), FITB looks positioned to continue this strong bullish trend lower.