The bullish DailyPlay we chose for Thursday April 5th is Apple (AAPL). AAPL is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.36% move lower and its 1m trend has turned bearish on 3/22 but recently bounced higher off its $64 support level.
Apple’s 1m and 6m trends turned neutral and bullish yesterday and recently bounced higher off its $165 support level. With a technical score of 7 (out of 10), AAPL is a strong bullish stock that will likely continue higher.
As a stop loss, if AAPL was to trade below $165 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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