Torchmark @ Year Highs

Published on Friday, 20 January 2012 12:34 Written by Danny Miller

New York, January 20th (TradersHuddle.com) - Shares of Torchmark Corporation (NYSE:TMK) booked a new 52 week high today by trading above $45.37, traders are definitely monitoring Torchmark's price action to see if this move attracts further buying into the stock.

Torchmark Corporation (NYSE:TMK) is an insurance and financial services holding company. The company offers life and health insurance, and annuities. Life products include traditional and interest sensitive whole life insurance as well as term life insurance. Health products include Medicare supplement, accident, and limited hospital and surgical coverages.

Torchmark is currently trading 1.56% versus its previous trading session close, and it has calculated support and resistance at $39.62 and $44.83 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.21% from its previous trading close, which means that Torchmark stock is outperforming the overall market.