The bullish DailyPlay we chose for Wednesday, July 25th is Duke Energy (DUK). DUK is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 2.66% move higher and its 1m/6m trend has turned bullish on 6/25 while breaking above its $52 resistance level which now becomes support.
Duke Energy’s 1m and 6m trends turned bullish on 6/25 and recently bounced higher off its $79 support level. With a technical score of 7 (out of 10), DUK is a strong bullish stock that will likely continue higher.
As a stop loss, if DUK was to trade below $79 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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