OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday November 17th is SunTrust Banks (STI). STI is part of the Financials Sector (XLF). Over the last month, XLF has experienced a 2.80% move higher and its 6m trend turned bullish today and bounced higher off its $23.50 support level.

SunTrust Banks’ 1m and 6m trends have turned bullish on 11/2 after breaking above its $42 minor resistance level on which now becomes resistance. With a technical score of 7 (out of 10), STI looks positioned to continue this strong bullish trend higher towards its $45 resistance level.

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