Bullish DailyPlay for Friday March 3rd, 2017 – Mylan (MYL)
The bullish DailyPlay we chose for Friday March 3rd is Mylan (MYL). MYL is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 7.06% move higher and its 1m and 6m trend has turned bullish on 2/1 and recently broke above its $75 resistance level.
Mylan (MYL)’s 1m and 6m trends turned bullish on 2/13 and recently broke above its $44 resistance level on high volume. With a technical score of 7 (out of 10), MYL is a strong bullish stock that looks to continue higher.
As a stop loss, if MYL was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.