Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Management, Individual Life, and Employee Benefits. The company was formerly known as ING U.S., Inc. and changed its name to Voya Financial, Inc. on April 7, 2014. The company was incorporated in 1999 and is headquartered in New York, New York. Voya Financial, Inc. is a former subsidiary of ING Insurance International B.V.
To review Voya’s stock, please take a look at the 1-year chart of VOYA (Voya Financial, Inc.) below with my added notations:
VOYA has been trading sideways for the last 7 months. Over that
period of time the stock has formed a resistance area around $37.50
(blue). In addition, the stock has also created a level of support at
$33 (green) that was also a resistance back in August. At some point
the stock will have to break out of its current consolidation.
The Tale of the Tape: VOYA has levels of support at
$33 and resistance at $37.50. The possible long positions on the stock
would be either on a pullback to $33, or on a breakout above $37.50. The
ideal short opportunity would be on a break below $33.
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