Select Quote (SLTQ)
Financials have been on fire lately.
Several of the most recent Trade of the Week ideas come from that sector.
But today’s Chart of the Week is even stronger in my opinion because not only does it come from financials, but it syncs up with our dynamic Under the Hood Report.
For those who may not know, this report collects millions of data points from dozens of financial sources to identify significant increases in investor attention.
When paired with the relative and absolute strength of financials, Select Quote (SLTQ) makes for a great buy.
This midcap insurance stock is breaking out of a beautiful base and ready to rise.
We are long on SLTQ if (and only if) it’s above $29 with a target of $37.
That’s a clean 27.5% gain with clearly defined and limited risk to reward, just the way we like it.
Til next week, good trading,
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