The bullish DailyPlay we chose for Tuesday Oct 17th is Raymond James (RJF). RJF is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 6.18% move higher and its 1m and 6m trend has turned bullish on 9/18 and recently broke above its $25.50 resistance level.
Raymond James’s 1m and 6m trends turned bullish on 9/18 and recently broke above its $85 resistance level on high volume which now becomes support. With a technical score of 8 (out of 10), RJF is a strong bullish stock that looks to continue higher.
As a stop loss, if RJF was to trade below $85 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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