Monitoring MetLife
MetLife (MET) is again becoming an attractive long. During the middle of last week, the stock showed clear evidence that a clear breakout was taking shape. Upside trading perked up dramatically after last Monday's very quiet session. MetLife moved to fresh October highs the next day and followed up on Wednesday with another high-volume advance. By the close, the stock had taken out heavy resistance near the May/September highs. With the $36.50 area cleared, MetLife was set up well for more upside.
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