Bullish DailyPlay for Friday Dec 1st, 2017 – Marathon Petroleum (MPC)
The bullish DailyPlay we chose for Friday Dec 1st is Marathon Petroleum (MPC). MPC is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 1.75% move higher and its 1m and 6m trend has turned bullish yesterday and recently broke above its $69 resistance level.
Marathon Petroleum’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $60 support level. With a technical score of 8 (out of 10), MPC is a strong bullish stock that is likely to continue higher.
As a stop loss, if MPC was to trade below $60 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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