United Airlines (UAL) – Bullish DailyPlay for Wednesday August 8th, 2018

The bullish DailyPlay we chose for Wednesday, Aug 8th is United Airlines (UAL). UAL is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 4.08% move higher and its 1m and 6m trend has turned bullish on 7/25 while breaking above its $75 resistance level which now becomes support.

United Airline’s 1m and 6m trends turned bullish on 7/13 and recently bounced higher off its $80 support level. With a technical score of 9 (out of 10), UAL is a strong bullish stock that will likely continue higher.

View this Trade Idea on UAL

As a stop loss, if UAL was to trade below $80 for multiple days, this would invalidate our analysis and suggest getting out of the trade.