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Metlife Inc (MET) Approaches New Upside Target of $44.87

By Shiri Gupta

Shares of Metlife Inc (NYSE:MET) opened today above their pivot of $44.69 and have already reached the first level of resistance at $44.79. Should the shares continue to rise, the resistance pivots of $44.87 and $45.05 will be of interest.

In the past 52 weeks, shares of Metlife Inc have traded between a low of $37.76 and a high of $48.92 and are now at $44.83, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

Potential upside of 23.1% exists for Metlife Inc, based on a current level of $44.83 and analysts' average consensus price target of $55.19. Metlife Inc shares have support at the 200-day moving average (MA) of $44.54 and additional support at the 50-day MA of $44.42.

SmarTrend recommended that subscribers consider buying shares of Metlife Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.10. Since that recommendation, shares of Metlife Inc have risen 6.5%. We continue to monitor MET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts metlife inc

Ticker(s): MET