OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday Nov 1st is Lennar (LEN). LEN is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 0.06% move higher and its 1m and 6m trend has turned bullish on 9/11 and approaching its $72 support level.

Lennar’s 1m and 6m trends turned bullish on 9/28 and recently bounced higher above its $55 support level. With a technical score of 7 (out of 10), LEN is a strong bullish stock that is likely to continue higher.

View this Trade Idea on LEN

As a stop loss, if LEN was to trade below $55 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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