Eagle Business Solutions Blog: Barchart.com's Chart of the Day

Barchart.com's Chart of the Day - CNO Financial Group (CNO)

Jim Van Meerten - BC - Fri Jun 28, 9:00AM CDT

The Chart of the Day is CNO Financial Group (CNO) The stock has both 100% Barchart technical buy signals and a Trend Spotter buy signal. I found the stock by sorting the New High List for frequency then using the flipchart feature to review the charts.

It is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products. They serve America's middle-income consumers, with a focus on seniors. It manages its business through the following three primary operating segments: Bankers Life, Colonial Penn and Conseco Insurance Group. Bankers Life markets and distributes health and life insurance products and annuities to the middle-income senior market. Colonial Penn markets primarily graded benefit and simplified issue life insurance directly to customers through television advertising, direct mail, the internet and telemarketing. Conseco Insurance Group markets and distributes specified disease insurance, accident, disability, life insurance and annuities to middle-income consumers at home and at the worksite.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

100% Barchart technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 11.89% in the last month
Relative Strength Index 60.69%
Barchart computes a technical support level at 12.88
Recently traded at 12.89 with a 50 day moving average of 11.99

Fundamental factors:

Market Cap $2.88 billion
P/E 13.85
Dividend yield .94%
Revenue projected to decrease .20% this year but increase .80% next year
Earnings are estimated to grow 43.70% this year, an additional 16.70% next year and continue to grow annually by 9.00% for the next 5 years
Wall Street analysts issued 1 strong buy and 3 hold recommendations

As always follow the moving averages of the stocks in your portfolio with special attention given to stock trading below their 50 day moving averages or are now trading more than 10% below their recent high.