OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday August 22nd is Dow Chemical (DOW). DOW is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 0.95% move higher and it’s 1m and 6m trend turned bullish on 7/8 and recently bounced higher off its $46 support level.

Dow Chemical’s 1m and 6m trends turned bullish on Friday and recently bounced higher off its $52 minor support level. With a technical score of 4 (out of 10), DOW looks positioned to continue this strong bullish trend higher.

Click here to View this Trade on $DOW