OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday, Feb 27th is Visa (V). V is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 1.84% move higher and its 1m and 6m trend has turned bullish on 2/15 and recently broke above its $68 resistance level.

Visa’s 1m and 6m trends turned bullish on 2/23 and recently broke above its $123 resistance level which now becomes support. With a technical score of 9 (out of 10), V is a strong bullish stock that will likely continue higher.

View this Trade Idea on V

As a stop loss, if V was to trade below $123 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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