Summary
- 88% technical buy signals.
- 12 new highs and up 8.07% in the last month.
- Analysts price targets from 100.00 to 138.00.
The Chart of the Day belongs to the insurance company Globe Life ( GL ). I found the stock by sorting Barchart's All Time High list first by the most frequent number of new highs in the last month and having a Trend Spotter buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter first signaled a buy on 10/4 the stock gained 2.60%.
GL Price vs Daily Moving Averages ( )
Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. It offers whole life, term life, and other life insurance products; Medicare supplement and supplemental health insurance, such as critical illness and accident plans; and single-premium and flexible-premium deferred annuities. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 88% technical buy signals
- 16.10+ Weighted Alpha
- 13.66% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 8.07% in the last month
- Relative Strength Index 66.63%
- Technical support level at 106.50
- Recently traded at 109.05 with 50 day moving average of 102.05
Fundamental factors:
- Market Cap $10.75 billion
- P/E 14.70
- Dividend yield .78%
- Revenue expected to increase 3.50% this year and another 4.80% next year
- Earnings estimated to increase 17.10% this year, an additional 17.30% next year and continue to compound at an annual rate of 14.18% for the next 5 years
For further details see:
Globe Life: All Time High