Metlife Inc (NYSE: MET)

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.
To review MetLife’s stock, please take a look at the 1-year chart of MET (MetLife, Inc.) below with my added notations:

Over the last year MET had consistently moved higher. During that time the stock had also formed a nice trend line of support (blue). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its importance. In addition, the MET formed an important price level at $50. In the last two weeks the stock has broken both of those support levels.

The Tale of the Tape: MET has broken below trend line support and its $50 support. A short position could be entered on a rally up to $50, with a stop placed above that level. A long position could be entered if MET were to break back above $50.
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