DailyPlay for Friday October 16th, 2015 – Consolidated Edison (ED)

The bullish DailyPlay we chose for Friday October 16th is Consolidated Edison (ED). ED is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 6.74% move higher and its 1m and 6m trends have turned bullish on 10/5 with strong bullish momentum.

Consolidated Edison’s 1m and 6m trends have turned bullish on 9/17 and has recently bounced off its $65 support level with positive momentum. With a technical score of 9 (out of 10), ED looks positioned to continue this strong bullish trend higher.

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