State Street (STT) – Financials Reverse Higher – April 11th, 2019
Bullish – STT $69.00 – Financials
The bullish DailyPlay we chose for Thursday, April 11th is State Street (STT). STT is part of the Financial Sector (XLF). XLF has rallied 0.72% higher over the past month and its 1m and 6m trend turned bullish on April 1st while breaking above its $26 resistance level.
State Street’s 1m and trends turned bullish yesterday while bouncing higher off is $68 support level. With a technical score of 2 (out of 10), STT is a weak stock that is starting to trend higher.
As a stop loss, if STT was to trade below $68 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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