Bullish DailyPlay for Tuesday Feb 7th, 2017 – Delta Airlines (DAL)
The bullish DailyPlay we chose for Tuesday Feb 7th is Delta Airlines (DAL). DAL is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 1.48% move higher and its 1m and 6m trend has turned bullish on 2/3 and recently bounced higher off its $63 support level.
Delta Airline’s 1m and 6m trends turned bearish and neutral on 1/27, however we feel this move lower was oversold after Trump’s immigration ban, providing a good opportunity to enter long. With a technical score of 8 (out of 10), DAL looks positioned to continue this strong bullish trend higher.
As a stop loss, if DAL was to trade below $47.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.