The bullish DailyPlay we chose for Wednesday, July 24th is Zillow (Z). Z is part of the Technology Sector (XLK). XLK has rallied 3.37% higher over the past month and its 1m and 6m trend turned bullish on June 7th and just bounced higher off its $80 support level.
Zillow’s 1m and 6m trend turned bullish yesterday and recently bounced higher off its $47 support level. With a technical score of 10 (out of 10), Z is a strong stock that will likely continue higher.
As a stop loss, if Z was to trade below $47 for multiple days, this would invalidate our analysis and suggest getting out of the trade.