Select Quote (SLTQ) - Trade Stocks

Select Quote (SLTQ)

By Fri, Feb 26, 2021

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,

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.