Bullish – MSFT $135.69 – Technology
The bullish DailyPlay we chose for Thursday, June 20th is Microsoft (MSFT). MSFT is part of the Technology Sector (XLK). XLK has rallied 5.06% higher over the past month and its 1m and 6m trend turned bullish on June 7th and bounced higher off its $76 support level.
Microsoft’s 1m and 6m trend turned bullish on June 5th and broke above its $130 resistance level. With a technical score of 9 (out of 10), MSFT is a strong stock that will likely continue higher.
As a stop loss, if MSFT was to trade below $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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