Bullish DailyPlay for Tuesday Oct 25th, 2016 – Prudential (PRU)
The bullish DailyPlay we chose for Tuesday Oct 25th is Prudential (PRU). PRU is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.7% move higher and it’s 1m and 6m turned bullish on 10/19 and recently broke above its $19.60 resistance level.
Prudential’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $82 support level. With a technical score of 6 (out of 10), PRU looks positioned to continue this strong bullish trend higher.
As a stop loss, if PRU was to trade below $82 for multiple days, this would invalidate our analysis and suggest getting out of the trade.