The bullish DailyPlay we chose for Monday April 2nd is E*Trade (ETFC). ETFC is part of the Finance Sector (XLF). Over the last month, XLF has experienced a 4.50% move higher and its 1m and 6m trend has turned bearish on 3/27 but recently bounced higher off its $27 support level.
E*Trade’s 1m and 6m trends turned bullish on 3/26 and recently bounced off its $52 support level. With a technical score of 9 (out of 10), ETFC is a strong bullish stock that will likely continue higher.
As a stop loss, if ETFC was to trade below $52 for multiple days, this would invalidate our analysis and suggest getting out of the trade.