Thermo Fisher (TMO) – Bullish Earnings Play – July 16th, 2019
Bullish – TMO $288.83 – Healthcare
The bullish DailyPlay we chose for Tuesday, July 16th is Thermo Fisher (TMO). TMO is part of the Healthcare Sector (XLV). XLV has rallied 1.29% higher over the past month and its 1m and 6m trend turned bullish on June 6th and just bounced higher off its $92 support level.
Thermo Fisher’s 1m and 6m trend turned bullish on June 5th and recently bounced higher off its $287 support level. With a technical score of 8 (out of 10), TMO is a strong stock that will likely continue higher.
As a stop loss, if TMO was to trade below $287 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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