Tuesday, June 24, 2014

Voya Financial Inc (NYSE: VOYA)

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:
1-year chart of VOYA (Voya Financial, Inc.)
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.
Please share this article

No comments:

Post a Comment