The bullish DailyPlay we chose for Friday, Nov 30th is Fidelity National (FIS). FIS is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.58% move lower and its 1m and 6m trend have turned bearish yesterday but has recently started to print higher highs, suggesting a bottom.
Fidelity National’s 1m and 6m trends turned bullish on 11/28 and recently broke above its $105 resistance level, which now becomes support. With a technical score of 8 (out of 10), FIS is a strong stock that will likely continue higher.
As a stop loss, if FIS was to trade below $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event: A Beginner’s Guide to Trading Options – Thurs 12/6 @ 4:15 PM EST
- DailyPlay Performance: 67% Winners & 82.32% Average Winning Trade!
- Historical DailyPlay Trades: All open and closed trades