Microsoft (MSFT) – Cloud Leader – June 20th, 2019

The bullish DailyPlay we chose for Thursday, June 20th is Microsoft (MSFTWealth Strength IndexAAPL is Extremely Up and trending Up). MSFTWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Technology Sector (XLK). XLK has rallied 5.06% higher over the past month and its 1m and 6m trend turned bullish on June 7th and bounced higher off its $76 support level.

Microsoft’s 1m and 6m trend turned bullish on June 5th and broke above its $130 resistance level. With a technical score of 9 (out of 10), MSFTWealth Strength IndexAAPL is Extremely Up and trending Up is a strong stock that will likely continue higher.

As a stop loss, if MSFTWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $130 for multiple days, this would invalidate our analysis and suggest getting out of the trade.