The bullish DailyPlay we chose for Thursday, Oct 18th is Cigna (CI). CI is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.33% move lower and its 1m and 6m trend has turned bullish on 10/16 while breaking above its $93 resistance level which now becomes support.
Cigna’s 1m and 6m trends turned bullish on 10/16 and recently broke above its $210 resistance level which now becomes support. With a technical score of 9 (out of 10), CI is a bullish stock that is likely to continue higher.
As a stop loss, if CI was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options: How to Maximize your Debit Spreads – Thurs 10/18 @ 4:15PM EST
- DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
- Historical DailyPlay Trades: All open and closed trades
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