Wednesday, November 27, 2013

CNO Financial Group - Barchart's Chart of the Day

CNO Financial Group (CNO) is the Chart of the Day.  The multi-line insurance holding company has a Trend Spotter buy signal, a Weighted Alpha of 87.44+ and gained 94.82% in the last year.


The Chart of the Day is CNO Financial Group (CNO).  I found the stock by sorting the New High List for frequency.  The stock is a repeat and was the Chart of the Day back on 6/28.  Since the Trend Spotter signaled another buy on 10/11 the stock has gained 15.09%.

It is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. The Company serves America's middle-income consumers, with a focus on seniors. It manages its business through the following three primary operating segments: Bankers Life, Colonial Penn and Conseco Insurance Group. Bankers Life markets and distributes health and life insurance products and annuities to the middle-income senior market. Colonial Penn markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Conseco Insurance Group markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite.




Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above  its 20, 50 and 100 day moving averages
  • 18 new highs and up 14.24% in the last month
  • Relative Strength Index 76.35%
  • Barchart computes a technical support level at 16.81
  • Recently traded at 16.95 with a 50 day moving average of 15.27
Fundamental factors:
  • Market  Cap $3.77 billion
  • P/E 15.46
  • Dividend yield .71%
  • Analysts project revenue to grow .10% this year and another .50% next year
  • Earnings are estimated to increase 59.20% this year, an additional 8.00% next year and continue to increase annually by 9.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buy, 4 hold and just 1 under perform recommendation
This stock has been a nice steady gainer and you should feel comfortable using the 100 day moving average for you stop loss point.

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