MetLife, Inc., through its subsidiaries, provides insurance,
annuities, and employee benefit programs in the United States, Japan,
Latin America, the Middle East, Asia, and Europe. It operates in six
segments: Retail; Group, Voluntary & Worksite Benefits; Corporate
Benefit Funding; Latin America; Asia; and Europe, the Middle East and
Africa. The company offers variable, universal, term, and whole life
products; individual disability income products; personal lines property
and casualty insurance, such as private passenger automobile,
homeowners, and personal excess liability insurance; and variable and
fixed annuities for asset accumulation and distribution needs, as well
as mutual funds and other securities products. It also provides group
insurance products comprising variable, universal, and term life
products; dental, group short- and long-term disability, and accidental
death and dismemberment coverages; and voluntary and worksite products
consisting of personal lines property and casualty insurance, as well as
LTC, prepaid legal plans, and critical illness products.
To review Metlife's stock, please take a look at the 1-year chart of MET (Metlife, Inc.) below with my added notations:
For the last 3 months MET has been forming a simple chart pattern
known as a symmetrical triangle. Combining a down trending resistance
with an up trending support forms the triangle pattern. As the support
and resistance converge on each other the pattern is created. Since
there is no true way to know which way the stock will break, most
traders will wait for the breakout or breakdown before entering a trade.
The Tale of the Tape: MET is stuck within a
symmetrical triangle. A break through resistance should mean higher
prices for a long trade, while a break below support would be a great
opportunity to enter a short position.
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