Accenture (ACN) – Bullish DailyPlay for Tuesday Oct 2nd, 2018

The bullish DailyPlay we chose for Tuesday Oct 2nd is Accenture (ACN). ACN is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.20% move higher and its 1m and 6m trend has turned bullish on 9/27 and recently broke higher above off its $75 resistance level.

Accenture’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $170 support level. With a technical score of 8 (out of 10), ACN is a bullish stock that is likely to continue higher.

View this Trade Idea on ACN

As a stop loss, if ACN was to trade below $170 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Learn to Trade Options: How to Hedge a Portfolio w/ Nasdaq-100 Index Options – Thurs 10/4 @ 4:15PM EST