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Bullish Moving Average Cross by China Life Insurance (LFC)

By Nick Russo

Today, shares of China Life Insurance (NYSE:LFC) have crossed bullishly above their 10-day moving average of $11.31 on a volume of 196K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

China Life Insurance share prices have moved between a 52-week high of $77.97 and a 52-week low of $10.07 and are now trading 14% above that low price at $11.52 per share. The 200-day and 50-day moving averages have moved 1.17% lower and 0.25% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of China Life Insurance on January 11th, 2016 by issuing a Downtrend alert when the shares were trading at $13.85. Since that call, shares of China Life Insurance have fallen 19.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses china life insurance

Ticker(s): LFC