The bullish DailyPlay we chose for Thursday, Jan 31st is Apple (AAPL). AAPL is part of the Technology Sector (XLK). Over the last month, XLK has experienced an 8.06% move higher and its 1m and 6m trend have turned bullish and neutral on 1/24 while breaking above its $65 resistance level.
Apple’s 1m and 6m trends turned bullish and neutral yesterday while breaking above its $160 resistance level which now becomes support. With a technical score of 3 (out of 10), AAPL is a weak stock that that is starting to trend higher.
As a stop loss, if AAPL was to trade below $160 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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