Insurance stock Prudential Financial Inc (NASDAQ:PRU) is down 0.4% at $107.97, struggling long term with an 8.8% decline this year and trading in a range between $110 and $100. The stock has attempted breakouts, but a bearish signal suggests a potential drop to $105.
Analyst Rocky White notes PRU is near the 260-day moving average’s 20-day average true range, a signal seen six times in the past five years resulting in a 67% chance of lower prices one week later with an average loss of 2.5%.
Options for PRU are attractive with a low Schaeffer’s Volatility Index (SVI) of 22%, ranking in the 7th percentile of its annual range. The Schaeffer’s Volatility Scorecard (SVS) of 16 out of 100 indicates lower realized volatility compared to options pricing, making it a candidate for selling premiums.
Read more at Yahoo Finance: Bear Signal Flashing for Struggling Insurance Stock
