OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday Jan 25th is Priceline (PCLN). PCLN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 1.38% move higher and its 1m and 6m trend has turned bullish on 1/9 and just set a new 52-week high today.

Priceline’s 1m and 6m trends turned bullish on 1/6 and recently broke above its $1550 resistance level on high volume. With a technical score of 7 (out of 10), PCLN looks positioned to continue this strong bullish trend higher.

View this Trade Idea on PCLN

As a stop loss, if PCLN was to trade above $1550 for multiple days, this would invalidate our analysis and suggest getting out of the trade.