YGB trade ideas
$EIG - Insurance/Reopening Added this today. Will be a long hold for me. Large pop yesterday on Earning Report upside surprise, that's 3Qs in a row. Got the pull back today so opened the long.
Moving Averages are all moving upward now.
Re-Opening play. Minimum Wage Increase Play. Wall Street price Estimates is in the 50's. ~3% Dividend, ~17% net margins. Low debt to Equity Ratio.
Current 8.5x P/E with a historic P/E range of 9-13.5x
Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.
$EIG Employers Holdings Ins On alert above 21ma
Potential long above the 21ma @ $ 32.75
Short term target to resistance @ $ 34.00
EIG may bounce back from hereEIG may bounce back from here. MACD make higher low, while the price is double bottom.
1st target 43
2nd target 47
$EIG - Reached entry Was waiting for entry above $29.50... strong day today. $32.04 is all-time high... it could hit $32 a few times to form a ascending triangle.. and I love those. Yeehaw!
