OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday July 21st is Facebook, Inc. (FB). FB is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.41% move higher as both 1-month and 6-month trends are bullish.

Facebook, Inc.’s 1-month and 6-month trends are bullish as it continues to show positive momentum after bouncing off its $89.25 support level. FB looks positioned to continue higher as it makes new highs. Earnings will be released on July 29th.

View this trade idea on $FB