Bullish DailyPlay for Thursday May 17th, 2018 – Apple (AAPL)
The bullish DailyPlay we chose for Thursday, May 17th is Apple (AAPL). AAPL is part of the Technology Sector (XLK). Over the last month, XLK has experienced an 2.13% move higher and its 1m/6m trend has turned bullish on 5/4 while breaking above its $68 resistance level which now becomes support.
Apple’s 1m and 6m trends turned bullish on 5/2 and recently broke above its $185 resistance level which becomes support. With a technical score of 7 (out of 10), AAPL is a strong bullish stock that will likely continue higher.
As a stop loss, if AAPL was to trade below $185 for multiple days, this would invalidate our analysis and suggest getting out of the trade.