OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday April 27th is SunTrust Banks (STI). STI is part of the Financials Sector (XLF). Over the last month, XLF has experienced a 5.67% move higher and its 1m and 6m trend turned bullish on 4/13 and recently broke above its $23 resistance level.

SunTrust Banks’s 1m and 6m trends turned bullish on 4/18 and recently broke above its $40 resistance level on high volume. With a technical score of 8 (out of 10), STI looks positioned to continue this bullish trend higher.

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