Aon (AON)
By Thu, Apr 15, 2021
Today’s Chart of the Week comes from our Young Aristocrats Report, which examines stocks that have raised dividend yields for 5-9 consecutive straight years and are likely to become true aristocrat stocks.
One stock that stood out from this month’s report is a reinsurance company called Aon (AON).
They’ve raised dividends for 9 consecutive years, have a beautiful base with nice consolidation, and as usual, displays a risk to reward ratio is skewed in our favor.
We only want to be long above $238. Below that level, we can’t be long.
But once we hit that former resistance, we are targeting just below $300.
Til next week, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
