OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday Dec 28th is American Express (AXP). AXP is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 6.87% move higher and its 1m and 6m trend has turned bullish on 11/28 and bounce higher off its $27.60 support level.

American Express’s 1m and 6m trends turned bullish on 11/28 and recently bounced higher off its $98 support level. With a technical score of 8 (out of 10), AXP is a strong bullish stock that is likely to continue higher.

View this Trade Idea on AXP

As a stop loss, if AXP was to trade below $98 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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