S&P 500 Market Outlook: Neutral & Deteriorating
Bullish Trade: CTL $12.92 – Communication
The bullish DailyPlay we chose for Thursday, Sept 26th is CenturyLink (CTL). CTL is part of the Communication Sector (XLC). XLC has rallied 3.50% higher over the past month and its 1m and 6m trend turned bullish on Sept 4th while recently bouncing higher off its $55 support level.
CenturyLink’s 1m and 6m trend turned bullish on Sept 9th and recently bounced higher off its $12.50 support level. With a technical score of 7 (out of 10), CTL is a strong stock that will likely continue higher.
As a stop loss, if CTL was to trade below $12.50 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.
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