The bullish DailyPlay we chose for Wednesday, Aug 15th is Walt Disney (DIS). DIS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 0.33% move higher and its 1m and 6m trend has turned bullish yesterday while bouncing higher off its $112.50 support level.
Walt Disney’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $112.50 support level. With a technical score of 7 (out of 10), DIS is a strong bullish stock that will likely continue higher.
As a stop loss, if DIS was to trade below $112.50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.