The bullish DailyPlay we chose for Thursday Jan 26th is Moody’s (MCO). MCO is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 0.59% move higher and its 1m and 6m trend has turned bullish on 1/25 while breaking above its $23.20 resistance level.
Moody’s 1m and 6m trends turned bullish on 1/20 and recently broke above its $102 resistance level on high volume. With a technical score of 5 (out of 10), MCO looks positioned to continue this strong bullish trend higher.
As a stop loss, if MCO was to trade below $102 for multiple days, this would invalidate our analysis and suggest getting out of the trade.