Bullish DailyPlay for Monday February 29th, 2016 – Consolidated Edison (ED)

The bullish DailyPlay we chose for Monday February 29th is Consolidated Edison (ED). ED is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 5.34% move higher and it’s 1m and 6m trend turned bullish on 1/22 while breaking above its $44 minor resistance level.

Consolidated Edison’s 1m and 6m trends turned bullish on 12/23 and recently broke above its $69 resistance level on high volume. With a technical score of 9 (out of 10), ED looks positioned to continue this strong bullish trend higher.

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