Short Metlife Inc (NYSE:MET) It Will Pay

7 0 0
Over the last several weeks we have seen the yield on the 10 year note trend lower and get to levels not seen in a year. This has taken a toll on insurers like Metlife Inc             (NYSE:MET), as the stock had fallen a sharp 11% over the month of July. This was due in part to lower interest rates and a declining stock market. Shares of Metlife Inc             (NYSE:MET) have had a decent bounce right alongside the broader markets but is now coming into an interesting level of resistance. I have isolated the $54.25 area as a place where traders and investors could trade this stock on the short side. The reason I have chosen that area is because that was a key level of support which was broken on the way down. In the world of technical analysis , when support is broken, it acts as resistance when the stock tries to challenge it from the underside. Should the level provide stiff resistance as I suspect, then traders could see shares of Metlife Inc             (NYSE:MET) easily fall back to the $52.50 area, which would be a quick 3.22% gain in "short" order.

Come trade with us as we provide calls like these from the past month and more. Get our live trades exactly when we enter and exit the markets for profit... step inside the Elite Round Table now and don't look back!

Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
Join the Elite Round Table on Facebook            
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out