Bullish DailyPlay for Friday March 17th, 2017 – Mondelez (MDLZ)
The bullish DailyPlay we chose for Friday March 17th is Mondelez (MDLZ). MDLZ is part of the Consumer Staples Sector (XLP). Over the last month, XLV has experienced a 3.34% move higher and its 1m and 6m trend has turned bullish on 2/2 and recently bounced higher off its $54.50 support level.
Mondelez’s 1m and 6m trends turned bullish on 3/15 and recently bounced higher off its $44 support level. With a technical score of 5 (out of 10), MDLZ is a strong bullish stock that looks to continue higher.
As a stop loss, if MDLZ was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.