OptionsPlay DailyPlay

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.

View this Trade Idea on FIS

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.

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