Mondelez (MDLZ) – Bullish DailyPlay for Thursday Nov 29th, 2018
The bullish DailyPlay we chose for Thursday, Nov 29th is Mondelez (MDLZ). MDLZ is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.50% move higher and its 1m and 6m trend have turned bullish yesterday and recently broke above its $55 resistance level which now becomes support.
Mondelez’s 1m and 6m trends turned bullish on 11/5 and recently bounced higher off its $44 support level. With a technical score of 9 (out of 10), MDLZ is a bullish stock that will likely continue higher.
As a stop loss, if MDLZ was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event: Stock Purchase Alternative – Selling Cash Secured Puts – Thurs 11/29 @ 4:15 PM EST