Above Resistance - Torchmark | Trading Ideas

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Above Resistance - Torchmark

Published on Thursday, 02 February 2012 06:04 Written by Christian Paolinetti

New York, February 2nd (TradersHuddle.com) - Shares of Torchmark Corporation (NYSE:TMK) closed the trading session at $46.25 just above calculated resistance at $46.09 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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's stock was trading in a well defined range with support at $39.62 and resistance at $46.09, given that this range was broken traders will be closely monitoring the stock

UPDATE: Sterne Agee Upgrades Torchmark; Raises PT - Benzinga
Torchmark Corporation (TMK): Today's Featured Insurance Loser - TheStreet.com
Torchmark Stock To Go Ex-dividend Tomorrow (TMK) - TheStreet.com
Torchmark Reaches New 52-Week High (TMK) - TheStreet.com
Torchmark Corporation Declares Dividend; Increases to $0.15 from $0.12 - Benzinga
Torchmark Stock Hits New 52-Week High (TMK) - TheStreet.com
Torchmark Stock Hits New 52-Week High (TMK) - TheStreet.com
Torchmark Stock Hits New 52-Week High (TMK) - TheStreet.com
Torchmark Stock Hits New 52-Week High (TMK) - TheStreet.com
Torchmark Stock To Go Ex-dividend Tomorrow (TMK) - TheStreet.com

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