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Metlife Inc (MET) Breaks Through Support at $46.25

By David Diaz

Shares of Metlife Inc (NYSE:MET) have bearishly opened below the pivot of $46.34 today and have reached the first support level of $46.25. Investors may be interested in a cross of the next downside pivot targets of $46.14 and $45.94.

Over the past year, Metlife Inc has traded in a range of $37.76 to $51.16 and is now at $46.19, 22% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Metlife Inc (NYSE:MET) has potential upside of 19.5% based on a current price of $46.19 and analysts' consensus price target of $55.19. The stock should find resistance at its 200-day moving average (MA) of $46.28, as well as support at its 50-day MA of $46.00.

SmarTrend is tracking the current trend status for Metlife Inc and will alert subscribers who have MET in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts metlife inc

Ticker(s): MET