Score 9.4 (out of 10): GLOBE LIFE poised to seasonally rally by +5.8% during the next 90 days.

29

What’s Going On Here?

Globe Life Inc. recently reported its second-quarter earnings with a net income of $177 million, which exceeded Wall Street expectations.

Why Now?

GLOBE LIFE INC indicates an interesting 90 days seasonal set up. During similar occasions, GLOBE LIFE INC shares had a median return of +5.8% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for GLOBE LIFE INC received a high score of 9.4 (out of 10). This insight was generated with last price of 98.98.

What’s This Company About?

GLOBE LIFE INC is in the Life/Health Insurance business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: GL US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 104.69 (+5.8%) has been reached. Based on GLOBE LIFE INC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 95.78 (last price at 98.98), which is equivalent to a -3.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

5.2% (September-2021), 10.2% (September-2020), 7.9% (September-2019), 2.9% (September-2018), 3.6% (September-2017), 6.3% (September-2016), 10.2% (September-2015), 5% (September-2014), 11.6% (September-2013)

Historical Chart:

Summary:

NameGLOBE LIFE INC
ViewUp
Star (1 to 10)9.4
Target5.8%
Time90 days
Hit Rate100%

———————————————————————a

Leave a Reply