Trade Ideas: PL

This stock was plucked from the Channel Scan; really its a channel-within-a-channel. If you are short term trader, trade break of the 7-day channel and sell at support/resistance. If you have a longer time frame; buy/sell break of $49/47. Pink line shows support and is a good place for a flexible stop if looking to hold this one for a while.

Protective Life Corporation, through its subsidiaries, engages in the production, distribution, and administration of insurance and investment products in the United States. The company operates in five segments: Life Marketing, Acquisitions, Annuities, Stable Value Products, and Asset Protection.

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