Bullish DailyPlay for Friday Oct 21st, 2016 – Priceline (PCLN)
The bullish DailyPlay we chose for Friday Oct 21st is Priceline (PCLN). PCLN is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.38% move lower and it’s 1m and 6m trend remains bearish but recently bounced higher off its $78 support level.
Priceline’s 1m and 6m trends turned bullish on 10/19 and recently bounced higher off its $1445 support level. With a technical score of 7 (out of 10), PCLN looks positioned to continue this strong bullish trend higher.
As a stop loss, if PCLN was to trade below $1445 for multiple days, this would invalidate our analysis and suggest getting out of the trade.