OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday Sept 20th is Discover (DFS). DFS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.66% move higher and its 1m and 6m trend has turned bullish yesterday and recently broke above its $28.50 resistance level.

Discover’s 1m and 6m trends turned bullish yesterday and recently bounce higher off its $78 support level. With a technical score of 6 (out of 10), DFS is a neutral stock that is starting to trend higher.

View this Trade Idea on DFS

As a stop loss, if DFS was to trade below $78 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Upcoming Event: LEAPs: A Stock Replacement Strategy – Thurs 9/20 @ 4:15PM EST