SunTrust Banks (STI) – Bullish DailyPlay for Thursday July 26th, 2018
The bullish DailyPlay we chose for Thursday, July 26th is SunTrust Banks (STI). STI is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 2.66% move higher and its 1m/6m trend has turned bullish on 7/23 while breaking above its $27.50 resistance level which now becomes support.
SunTrust Bank’s 1m and 6m trends turned bullish on 7/16 and recently broke above its $70 resistance level which now becomes support. With a technical score of 7 (out of 10), STI is a strong bullish stock that will likely continue higher.
As a stop loss, if STI was to trade below $70 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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