Apple (AAPL) – Bullish DailyPlay for Thursday May 17th, 2018

The bullish DailyPlay we chose for Thursday, May 17th is Apple (AAPLWealth Strength IndexAAPL is Extremely Up and trending Up). AAPLWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Technology Sector (XLK). Over the last month, XLK has experienced an 2.13% move higher and its 1m/6m trend has turned bullish on 5/4 while breaking above its $68 resistance level which now becomes support.

Apple’s 1m and 6m trends turned bullish on 5/2 and recently broke above its $185 resistance level which becomes support. With a technical score of 7 (out of 10), AAPLWealth Strength IndexAAPL is Extremely Up and trending Up is a strong bullish stock that will likely continue higher.

View this Trade Idea on AAPLWealth Strength IndexAAPL is Extremely Up and trending Up

As a stop loss, if AAPLWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $185 for multiple days, this would invalidate our analysis and suggest getting out of the trade.