Bullish DailyPlay for Tuesday April 3rd, 2018 – NRG Energy (NRG)
The bullish DailyPlay we chose for Tuesday April 3rd is NRG Energy (NRG). NRG is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 2.18% move higher and its 1m trend has turned bullish on 3/27 while breaking above its $50 resistance level.
NRG Energy’s 1m and 6m trends turned bullish on 3/1 and recently broke above its $30 resistance level which now becomes support. With a technical score of 9 (out of 10), NRG is a strong bullish stock that will likely continue higher.
As a stop loss, if NRG was to trade below $30 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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