How the price action of Metlife (MET) is used to our Advantage

October 22, 2021, 04:30 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Metlife (NYSE: MET) data table below can help you with price action, and we have more details too. Trading plans for MET are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for MET

• Buy MET slightly over 61.60 target 67.43 stop loss @ 61.42 Details

The technical summary data tells us to buy MET near 61.60 with an upside target of 67.43. This data also tells us to set a stop loss @ 61.42 to protect against excessive loss in case the stock begins to move against the trade. 61.60 is the first level of support below 65.81 , and by rule, any test of support is a buy signal. In this case, support 61.60 would be being tested, so a buy signal would exist.

• Short MET under 67.43, target 61.60, stop loss @ 67.62 Details

The technical summary data is suggesting a short of MET as it gets near 67.43 with a downside target of 61.60. We should have a stop loss in place at 67.62though. 67.43 is the first level of resistance above 65.81, and by rule, any test of resistance is a short signal. In this case, if resistance 67.43 is being tested, so a short signal would exist.

Swing Trading Plans for MET

• Buy MET slightly over 66.81, target 67.43, Stop Loss @ 66.62 Details

If 66.81 begins to break higher, the technical summary data tells us to buy MET just slightly over 66.81, with an upside target of 67.43. The data also tells us to set a stop loss @ 66.62 in case the stock turns against the trade. 66.81 is the first level of resistance above 65.81, and by rule, any break above resistance is a buy signal. In this case, 66.81, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MET near 66.81, target 65.55, Stop Loss @ 67. Details

The technical summary data is suggesting a short of MET if it tests 66.81 with a downside target of 65.55. We should have a stop loss in place at 67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.81, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MET

• Buy MET slightly over 66.58, target 66.81, Stop Loss @ 66.42 Details

If 66.58 begins to break higher, the technical summary data tells us to buy MET just slightly over 66.58, with an upside target of 66.81. The data also tells us to set a stop loss @ 66.42 in case the stock turns against the trade. 66.58 is the first level of resistance above 65.81, and by rule, any break above resistance is a buy signal. In this case, 66.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MET near 66.58, target 65.68, Stop Loss @ 66.74. Details

The technical summary data is suggesting a short of MET if it tests 66.58 with a downside target of 65.68. We should have a stop loss in place at 66.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 66.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

MET Ratings for October 22:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	61.60
P2	65.68	65.55	67.43
P3	66.58	66.81	73.30

Support and Resistance Plot Chart for MET

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