Bullish DailyPlay for Tuesday March 13th, 2018 – J.P. Morgan (JPM)
The bullish DailyPlay we chose for Tuesday March 13th is J.P. Morgan (JPM). JPM is part of the Financial Sector (XLF). Over the last month, XLF has experienced an 8.98% move higher and its 1m and 6m trend has turned bullish on 3/5 and recently bounced higher off its $28 support level.
J.P. Morgan’s 1m and 6m trends turned bullish on 3/5 while breaking above its $117 resistance level which now becomes support. With a technical score of 9 (out of 10), JPM is a strong bullish stock that will likely continue higher.
As a stop loss, if JPM was to trade below $117 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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