OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday March 23rd is Toronto Dominion Bank (TD). TD is part of the Financials Sector (XLF). Over the last month, XLF has experienced a 6.73% move higher and it’s 1m and 6m trends turned bullish on 3/2 while breaking above its $21.50 minor resistance level.

Toronto Dominion’s 1m and 6m trends turned bullish on 3/1 and recently broke above its $42 resistance level on high volume. With a technical score of 8 (out of 10), TD looks positioned to continue this strong bullish trend higher.

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