The bullish DailyPlay we chose for Wednesday June 22nd is Consolidated Edison (ED). ED is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 5.92% move higher and it’s 1m and 6m trend turned bullish on 5/27 and recently broke above its $50 resistance level.
Consolidated Edison’s 1m and 6m trends turned bullish on 6/3 while breaking above its $75 resistance level on high volume. With a technical score of 9 (out of 10), ED looks positioned to continue this strong bullish trend higher.