Bullish DailyPlay for Wednesday April 11th, 2018 – Marathon Petroleum (MPC)
The bullish DailyPlay we chose for Wednesday April 11th is Marathon Petroleum (MPC). MPC is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 2.13% move higher and its 1m trend has turned bullish on 4/9 and broke above its $69 resistance level which now becomes support.
Marathon Petroleum’s 1m and 6m trends turned bullish on 3/8 and recently bounced higher off its $70 support level. With a technical score of 9 (out of 10), MPC is a strong bullish stock that will likely continue higher.
As a stop loss, if MPC was to trade below $70 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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