Discover (DFS) – Bullish DailyPlay for Thursday Sept 20th, 2018
The bullish DailyPlay we chose for Thursday Sept 20th is Discover (DFS). DFS is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.66% move higher and its 1m and 6m trend has turned bullish yesterday and recently broke above its $28.50 resistance level.
Discover’s 1m and 6m trends turned bullish yesterday and recently bounce higher off its $78 support level. With a technical score of 6 (out of 10), DFS is a neutral stock that is starting to trend higher.
As a stop loss, if DFS was to trade below $78 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event: LEAPs: A Stock Replacement Strategy – Thurs 9/20 @ 4:15PM EST