OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday April 20th is Alcoa (AA). AA is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 3.99% move higher and its 1m and 6m trend turned bullish on 4/11 and has recently broke above its $45.50 resistance level.

Alcoa’s 1m and 6m trends turned bullish on 4/12 and just broke above its $10.25 resistance level on high volume today. With a technical score of 8 (out of 10), AA looks positioned to continue this strong bullish trend higher.

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