OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday May 24th is Wyndham Worldwide (WYN). WYN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.61% move higher and its 1m and 6m trend has turned neutral/bullish on 5/17 while bouncing higher off its $88 support level.

Wyndham Worldwide’s 1m and 6m trends turned bullish on 5/22 and recently bounced higher off its $94 support level. With a technical score of 9 (out of 10), WYN is a strong bullish stock that looks to continue higher.

View this Trade Idea on WYN

As a stop loss, if WYN was to trade below $94 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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