DailyPlay for Thursday November 5th, 2015 – GlaxoSmithKline (GSK)
The bullish DailyPlay we chose for Thursday November 5th is GlaxoSmithKline (GSK). GSK is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 8.11% move higher and its 1m trend recently turned bullish and 6m trend turned neutral.
GlaxoSmithKline’s 1m and 6m trends have turned bullish on 11/4 and recently broke above its $42.50 resistance level on high volume which now becomes support. With a technical score of 6 (out of 10), GSK looks positioned to continue this strong bullish trend higher.