stock charts statistics
TRADING STOCKS - STOCK PICKS

Swing Trading ] [ Stock Picks ] [ Chart Patterns ] [ Technical Analysis ] [ Trading Ideas ] [Trading Software ]

 Trading Stocks - Trading ideas * Stock charts * Trading picks

Trading Education   Trading Ideas   Trading Strategies   Trading Tools
 
Trading Stock Picks

Chart Pattern.com

Daily Trading Alerts

Swing Trades

Options University

Discover the Amazingly Simple Secrets to Trading Success
Simplify your trading and start making consistent profits!

Swing Charts of the Week
Trade like a PRO

MetLife Inc - MET - Lower highs
Casey Murphy - Feb 14, 2008


MetLife Inc - MET

January 30, 2008

Last Trade

$58.74

Volume

4,199,163

52-Week High

$71.23

52-Week Low

$52.46

Commentary:
For today's chart we've chosen to take a look at MetLife Inc. (NYSE:MET) because it is trading near a significant level of resistance. As you can see from the chart below, the stock recorded a series of lower highs, which is often used by traders to signal an established downtrend. In addition, we've noticed that the 50-day moving average has prevented the stock from moving higher in the past and there is no reason to expect this story to change now.

We expect that bearish traders will watch for a move toward the January low of $52.46 and they will likely protect their positions by setting a stop-loss order above the recent high (shown by the dotted line). Investors who are considering purchasing this stock may want to wait until the bulls are able to push the price above the mentioned resistance levels.

 

 


Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor


 Previous Chart Alerts:    DDS   MMM   ADSK   EP   CELG   TOL   LEN   QQQQ   PTEN   FE   QQQQ   QQQQ   JCP   QQQQ   LEN   AEP   HUI   ORB   QQQQ   ATI   QQQQ QQQQ   JCP   CKFR   QQQQ   QQQQ   APOL   QQQQ   AMED   QQQQ   EBAY   QQQQ   INAP   QQQQ   GD   QQQQ   INTC   QQQQ   ABK   QQQQ   NTRS   QQQQ   ACE   BJ   ALL   GGG   BA   WMB  


P.S. - Do you want to day trade Stocks, Futures & Forex with up to 90% accuracy? Try the Millennium Traders a consistently profitable trader service through all market conditions, one of the most profitable trading service on the net ... » Get More Info Now!

Quantum Swing Trader  ~  Swing Trading Principles  ~  Profit Feeder  ~  UMT  ~  ETF  ~  Trading Videos

  Swing Picks Home
  Swing Trading Tactics
  Trading Gaps
  Elliott Wave Trading
  Trading Charts Picks
  Options Strategies Guide
  Trading Education
  Trading Tutorials
  Trading Commentary
  Trading Stock Picks
  Daily Trading Signals
  Charts:
*   BDY
*   HAS
*   ADRX
*   GOOG
*   MSFT
*   MICU
*   PETM
*   SBGI
*   SHOP
ChartPattern Trading $ystems
Dan Zanger Offers 3 week FREE trial!

Shopping: Products & Services

Wide Selection of Products and Services


Swing Trading Daily Blog     Swing Trading Ideas
Trading - VIII   VII   VI   V   IV   III   II   I   XII   XI   X   IX

      AbtElectronics.com

Sharks     Great White Shark     Shark Attacks     Med Sea Sharks
                Wizard of ID