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.
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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