 |
| PRU Daily Chart (11:30) |
If you squint your eyes you may be able to see a cup with handle there that has come back to the breakout level. The 200 day looks like good support and the 50 day is pushing from beneath and will put the stock back into a bullish configuration soon. The bullish configuration is 20 day over 50 day over 200 day simple moving average.
This could be a good place to start a position. The trailing P/E is just 7.75 and forward P/E is under 7. The company pays a dividend that yields 2.66%. A stop under the 50 day would be reasonably tight.
