stocks
Katie Stockton Says Insurance Stocks Are Breaking Out. Here Are 3 Names That Stand Out
The founder of Fairlead Strategies breaks down the charts on the insurance sector.
TL;DR
- Insurance sector poised for strength with improving technicals.
- SPDR S&P Insurance ETF (KIE) shows signs of a breakout from its trading range.
- The Travelers Companies (TRV) has broken out above $310 resistance, with a target of $341.
- Progressive (PGR) is reclaiming its 200-day moving average and approaching weekly cloud resistance ($213-$232).
- Aflac (AFL) is testing final resistance near $119, with a technical target of $132.
- These stocks offer diversification benefits for concentrated portfolios.
- Analysis is based on technical analysis and chart patterns.