The bullish DailyPlay we chose for Friday Sept 29th is Air Products & Chemicals (APD). APD is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 4.70% move higher and its 1m and 6m trend has turned bullish on 8/30 and recently broke above its $56 resistance level.
Air Products & Chemical’s 1m and 6m trends turned bullish on 9/11 and recently broke above its $150 resistance level on high volume which now becomes support. With a technical score of 7 (out of 10), ADP is a strong bullish stock that looks to continue higher.
As a stop loss, if APD was to trade below $150 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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