Arthur J. Gallagher & Co. and its subsidiaries provide insurance
brokerage and risk management services to various commercial,
industrial, institutional, and governmental organizations. It operates
in two segments, Brokerage and Risk Management. The Brokerage segment
primarily consists of retail and wholesale brokerage operations. Its
retail brokerage operations negotiate and place property/casualty,
employer-provided health and welfare insurance, and retirement solutions
primarily for middle-market commercial, industrial, public entity,
religious, and not-for-profit entities.. The Risk Management segment
offers contract claim settlement and administration services for
enterprises that choose to self-insure some or all of their
property/casualty coverages, and for insurance companies that choose to
outsource some or all of their property/casualty claims departments.
To review Arthur's stock, please take a look at the 1-year chart of
AJG (Arthur J. Gallagher & Co.) below with my added notations:
CSC had worked its way higher from its $34 bottom in December up
until its peak in May. Then, for about (6) months the stock had been
stalling at a $45 resistance (red), which was also a 52-week high
resistance. Finally, last week AJG broke through that $45 resistance.
The Tale of the Tape: AJG broke out to a new 52-week
high and now may be pulling back. A long trade could be made at $45
with a stop placed below that level. A break below $45 would negate the
forecast for a continued move higher.
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