DailyPlay for Friday August 28th, 2015 – Consolidated Edison, Inc. (ED)

The bullish DailyPlay we chose for Friday August 28th is Consolidated Edison, Inc. (ED). ED is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 1.06% move higher as both trends remain bearish.

Consolidated Edison, Inc.’s 1-month trend turns neutral from bearish on Thursday as the 6-month trend remains bullish. ED recently took a nice bounce off its $62.80 support level as it continues to show positive momentum with a technical score of 8 (out of 10) and looks positioned to continue higher towards its $66.20 resistance level.

View this trade idea on $ED