OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday July 20th is Energy Transfer Partners (ETP). ETP is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 2.99% move higher and it’s 1m and 6m trend turned bullish on 7/8 and recently bounced higher off its $69 support level.

Energy Transfer Partners’s 6m trends turned bullish on 5/5 and recently bounced higher off its $38 support level. With a technical score of 9 (out of 10), ETP looks positioned to continue this strong bullish trend higher.

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