The bullish DailyPlay we chose for Wednesday, June 5th is Air Products (APD). APD is part of the Materials Sector (XLB). XLB has declined 1.29% lower over the past month but its 1m and 6m trend turned bullish yesterday and recently broke above its $54 resistance level.
Air Product’s 1m and 6m trends turned bullish on June 3rd and recently printed a new 52-week high. With a technical score of 10 (out of 10), APD is a strong stock that will likely continue higher.
As a stop loss, if APD was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.