State Street (STT) – Financials Reverse Higher – April 11th, 2019

The bullish DailyPlay we chose for Thursday, April 11th is State Street (STT). STT is part of the Financial Sector (XLF). XLF has rallied 0.72% higher over the past month and its 1m and 6m trend turned bullish on April 1st while breaking above its $26 resistance level.

State Street’s 1m and trends turned bullish yesterday while bouncing higher off is $68 support level. With a technical score of 2 (out of 10), STT is a weak stock that is starting to trend higher.

As a stop loss, if STT was to trade below $68 for multiple days, this would invalidate our analysis and suggest getting out of the trade.