The bullish DailyPlay we chose for Wednesday Feb 22nd is United Rentals (URI). URI is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 4.31% move higher and its 1m and 6m trend has bullish on 2/3 and recently broke above its $65 resistance level.
United Rental’s 1m and 6m trends turned bullish on 1/18 and recently bounced higher off its $125 support level. With a technical score of 10 (out of 10), URI is a strong bullish stock that looks to continue higher.
As a stop loss, if URI was to trade below $125 for multiple days, this would invalidate our analysis and suggest getting out of the trade.