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China Life Insurance Crosses Above its 10-day MA (LFC)

By Shiri Gupta

Today, shares of China Life Insurance (NYSE:LFC) have advanced above their 10-day MA of $10.76 on a volume of 211K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of China Life Insurance have traded between a low of $10.18 and a high of $77.97 and are now at $10.88, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.3%.

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 23.7%. 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