Mondelez (MDLZ) – Bullish DailyPlay for Thursday Nov 29th, 2018

The bullish DailyPlay we chose for Thursday, Nov 29th is Mondelez (MDLZWealth Strength IndexAAPL is Extremely Up and trending Up). MDLZWealth Strength IndexAAPL is Extremely Up and trending Up is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 2.50% move higher and its 1m and 6m trend have turned bullish yesterday and recently broke above its $55 resistance level which now becomes support.

Mondelez’s 1m and 6m trends turned bullish on 11/5 and recently bounced higher off its $44 support level. With a technical score of 9 (out of 10), MDLZWealth Strength IndexAAPL is Extremely Up and trending Up is a bullish stock that will likely continue higher.

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

As a stop loss, if MDLZWealth Strength IndexAAPL is Extremely Up and trending Up was to trade below $44 for multiple days, this would invalidate our analysis and suggest getting out of the trade.