The bullish DailyPlay we chose for Friday, January 4th is Kinder Morgan (KMI). KMI is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 12.42% move lower and its 1m and 6m trend have turned bearish on 10/11 but has recently started to print higher highs.
Kinder Morgan’s 1m and 6m trends turned bearish on 12/4 but have recently started to form higher highs and higher lows. With a technical score of 7 (out of 10), KMI is a strong stock that will likely continue higher.
As a stop loss, if KMI was to trade below $15 for multiple days, this would invalidate our analysis and suggest getting out of the trade.