The bullish DailyPlay we chose for Thursday, Nov 29th is Mondelez (MDLZ). MDLZ is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.50% move higher and its 1m and 6m trend have turned bullish yesterday and recently broke above its $55 resistance level which now becomes support.
Mondelez’s 1m and 6m trends turned bullish on 11/5 and recently bounced higher off its $44 support level. With a technical score of 9 (out of 10), MDLZ is a bullish stock that will likely continue higher.
As a stop loss, if MDLZ was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event: Stock Purchase Alternative – Selling Cash Secured Puts – Thurs 11/29 @ 4:15 PM EST