OptionsPlay DailyPlay

The bullish DailyPlay we chose for Friday May 26th is Apple (AAPL). AAPL is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.42% move higher and its 1m and 6m trend has turned bullish on 4/20 and just broke above its $56 resistance level.

Apple’s 1m and 6m trends turned bullish on 4/24 and recently bounced higher off its $150 support level which provides a good pullback for a long entry. With a technical score of 10 (out of 10), AAPL is a strong bullish stock that looks to continue higher.

View this Trade Idea on AAPL

As a stop loss, if AAPL was to trade below $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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