Bullish DailyPlay for Wednesday Dec 21st, 2016 – United Airlines (UAL)
The bullish DailyPlay we chose for Wednesday Dec 21st is United Airlines (UAL). UAL is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 3.88% move higher and it’s 1m and 6m trend turned bullish on 11/7 and recently bounce higher off its $62 support level.
United Airline’s 1m and 6m trends turned bullish on 9/30 and recently bounced higher off its $72 support level. With a technical score of 10 (out of 10), UAL looks positioned to continue this strong bullish trend higher.
As a stop loss, if UAL was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.