OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday February 26th is Verizon Communications (VZ). VZ is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 2.66% move higher and it’s 6m trend turned neutral from bearish today while testing its $74 minor resistance level.

Verizon Communications’s 1m and 6m trends turned bullish on 1/21 and recently bounced higher off its $49 support level and near its 52-week high. With a technical score of 9 (out of 10), VZ looks positioned to continue this strong bullish trend higher.

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