OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday Dec 21st is United Airlines (UAL). UAL is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 3.88% move higher and it’s 1m and 6m trend turned bullish on 11/7 and recently bounce higher off its $62 support level.

United Airline’s 1m and 6m trends turned bullish on 9/30 and recently bounced higher off its $72 support level. With a technical score of 10 (out of 10), UAL looks positioned to continue this strong bullish trend higher.

View this Trade Idea on UAL

As a stop loss, if UAL was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.