Trading Idea - Principal Financial Broke Resistance, What to Expect?

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Trading Idea - Principal Financial Broke Resistance, What to Expect?

Published on Thursday, 02 February 2012 06:40 Written by Christopher Lynn

New York, February 2nd (TradersHuddle.com) - Shares of Principal Financial Group, Inc. (NYSE:PFG) closed the trading session at $27.91 just above calculated resistance at $27.66 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

Principal Financial Group, Inc. (NYSE:PFG) offers businesses, individuals and institutional clients a range of financial products and services. The Company offers retirement solutions, life and health insurance, wellness programs, and investment and banking products.

Principal Financial's stock was trading in a well defined range with support at $24.21 and resistance at $27.66, given that this range was broken traders will be closely monitoring the stock

Principal Financial Group Announces New Authorization of Share Repurchase Program of up to $200M - Benzinga
Principal Financial Group (PFG): Today's Featured Financial Loser - TheStreet.com
The Principal Financial Group to Purchase Majority Stake in Claritas; Terms Not Disclosed - Benzinga
UPDATE: Sterne Agee Upgrades Principal Financial Group to Buy - Benzinga
The Principal Financial Group Names Luca Maestri to Board of Directors - Benzinga
Principal Financial Group Announces Change to a Quarterly Common Stock Dividend Effective First Quarter 2012 - Benzinga
Principal Financial Group (PFG): Today's Featured Financial Services Winner - TheStreet.com
Principal Financial Group Stock Upgraded (PFG) - TheStreet.com
Principal Financial Group Stock Hits New 52-Week Low (PFG) - TheStreet.com
Principal Financial Group Stock Downgraded (PFG) - TheStreet.com

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