The bullish DailyPlay we chose for Wednesday April 26th is Centene (CNC). CNC is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.59% move higher and its 1m and 6m trend has turned bullish yesterday and has recently bounced higher off its $73.50 support level.
Centene’s 1m and 6m trends turned bullish on 4/24 and recently broke above its $72 resistance level on high volume which now becomes support. With a technical score of 7 (out of 10), CNC is a strong bullish stock that looks to continue higher.
As a stop loss, if CNC was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.