DailyPlay for Friday April 17th, 2015 – Mylan NV (MYL)
The DailyPlay we chose for Friday April 16th is Mylan NV (MYL). MYL is part of the Healthcare Sector (XLV) Over the last month, XLE is currently in a 1m/6m bullish trend with resistance at $76 and trending higher.
MYL has recently made a nice run higher along with the healthcare sector as both the 1-month and 6-month trends are bullish. After breaking above its $65.80 resistance level, which now becomes support, it has pulled back to this level, providing a great buying opportunity on this bullish stock.
If MYL crosses below $65.80 level for more than a couple of days, this would invalidate our analysis.