The bullish DailyPlay we chose for Wednesday Sept 12th is Advanced Auto Parts (AAP). AAP is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 3.74% move higher and its 1m and 6m trend has turned bullish on 8/16 and recently bounced higher off its $115 support level.
Advanced Auto Parts” 1m and 6m trends turned bullish on 8/2 and recently bounce higher off its $162 support level. With a technical score of 10 (out of 10), AAP is a strong bullish stock that will likely continue higher.
As a stop loss, if AAP was to trade below $165 for multiple days, this would invalidate our analysis and suggest getting out of the trade.