Martin Marietta (MLM) – Earnings Breakout – July 2nd, 2019
Bullish – MLM $228.09 – Materials
The bullish DailyPlay we chose for Tuesday, July 2nd is Martin Marietta (MLM). MLM is part of the Materials Sector (XLB). XLB has rallied 11.75% higher over the past month and its 1m and 6m trend turned bullish on June 4th and just broke above its $58.50 resistance level.
Martin Marietta’s 1m and 6m trend turned bullish on June 3rd and recently bounced higher off its $227.50 support level. With a technical score of 9 (out of 10), MLM is a bullish stock that will likely continue higher.
As a stop loss, if MLM was to trade below $225 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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