OptionsPlay DailyPlay

Bullish – SCHW $45.78 – Financial

The bullish DailyPlay we chose for Wednesday, May 1st is Schwab (SCHW). SCHW is part of the Financial Sector (XLF). XLF has rallied 8.98% higher over the past month and its 1m and 6m trend turned bullish on April 1st and just broke above a major resistance level at $27.50.

Schwab’s 1m and 6m trends turned bullish on April 29th and recently bounced higher off its $45 major support level yesterday. With a technical score of 6 (out of 10), SCHW is a neutral stock that is starting to turn higher. 

As a stop loss, if SCHW was to trade below $45 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View SCHW Trade

Upcoming Event:

LEAPs: A Stock Replacement Strategy – May 9th @ 4:15PM EST – Register Now!

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!