“Active Traders to Focus on Insurance Stocks in 2021”
December 29, 2020
“Insurance companies underperformed the broad markets for much of 2020 mainly due to the strong resistance offered by the 200-day moving average. While most traders have focused on sectors such as technology and health care, chart patterns discussed below suggest that the insurance segment could dominate the focus of traders during the first several weeks or months of 2021.
KEY TAKEAWAYS
- Bullish chart patterns and nearby levels of support suggest that stocks in the insurance industry are set to make a strong move higher.
- Well-defined trendlines on charts across the insurance industry are creating well-defined risk/reward setups for those looking to position themselves in 2021.
SPDR S&P Insurance ETF (KIE)
Active traders who are interested in gaining exposure to the insurance sector may want to consider taking a closer look at niche exchange-traded products such as the SPDR S&P Insurance ETF (KIE). As the name suggests, the fund comprises holdings from across the insurance sector such as brokers, life and health insurance, property and casualty insurance, and reinsurance…”
https://www.investopedia.com/active-traders-to-focus-on-insurance-stocks-in-2021-5093796