OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday August 19th is Reynolds American Inc. (RAI). RAI is part of the Consumer Discretionary Sector (XLY). Over the last three months, XLY has experienced 3.20% move higher as the 6-month trend remains bullish.

Reynolds American Inc. has been in a bullish trend since the beginning of July as it recently pulled back from it’s 52-week high of $88.28. HD continues to show positive momentum with a technical score of 9 (out of 10) as it looks positioned to rebound higher towards it’s 52-week high.

View this trade idea on $RAI