The bullish DailyPlay we chose for Tuesday June 20th is Masco (MAS). MAS is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 5.32% move higher and its 1m and 6m trend has turned bullish on 5/22 while breaking above its $67 resistance level.
Masco’s 1m and 6m trends turned bullish on 6/9 and recently broke above its $38 resistance level which now becomes support. With a technical score of 9 (out of 10), MAS is a strong bullish stock that looks to continue higher.
As a stop loss, if MAS was to trade below $38 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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