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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