The bullish DailyPlay we chose for Tuesday March 28th is Allstate (ALL). ALL is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 3.63% move lower and its 1m and 6m trend has turned neutral but has recently bounced higher off its $23 support level.
Allstate’s 1m and 6m trends turned bullish on 1/18 and recently broke higher above its $81 resistance level on high volume. With a technical score of 8 (out of 10), ALL is a strong bullish stock that looks to continue higher.
As a stop loss, if ALL was to trade below $81 for multiple days, this would invalidate our analysis and suggest getting out of the trade.