Duke Energy (DUK) – Bullish DailyPlay for Wednesday July 25th, 2018
The bullish DailyPlay we chose for Wednesday, July 25th is Duke Energy (DUK). DUK is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 2.66% move higher and its 1m/6m trend has turned bullish on 6/25 while breaking above its $52 resistance level which now becomes support.
Duke Energy’s 1m and 6m trends turned bullish on 6/25 and recently bounced higher off its $79 support level. With a technical score of 7 (out of 10), DUK is a strong bullish stock that will likely continue higher.
As a stop loss, if DUK was to trade below $79 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Webinar Registration: How to Profit w/ Debit Spreads – Thursday 7/26 @ 4:15PM EST.