OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday March 22nd is Entergy Corp (ETR). ETR is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 5.94% move higher and it’s 1m and 6m trends turned bullish on 3/3 and just broke above its $47.50 minor resistance level.

Entergy Corp’s 1m and 6m trends turned bullish on 1/16 and recently broke above its $77 resistance level on high volume. With a technical score of 9 (out of 10), ETR looks positioned to continue this strong bullish trend higher.

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