METLIFE STOCK STILL HAS ROOM TO RUN UNTIL MAJOR RESISTANCE

MetLife shareholders are holding on and collecting their dividends right now. Technicians say they should continue to do so at least until the stock hits $61.62. What the bulls see in Met… • A blue chip company with great cash flow – but one not operating at maximum efficiency. • A relatively cheap company: o Met's price-to-book is 0.90 o The price-to-sales is 0.88 o The enterprise value eclipses its market capitalization by nearly 50%, and o The P/E to growth ratio of right is around 1 currently What the bears see in Met… • A stock that has been relatively weak versus its peers as well as the broader market • A company that carries a lot of debt – not a bad thing by itself, but that could become burdensome if the already-thin profit margins move into the red on a quarterly basis. The technical take on Met… Technicians note that MET shares are either in the “c” leg of an “abc” upside correction with resistance at the $61.62 - $64.17 range OR in the third leg of a five leg sequence to the upside with targets in the $75.38 - $87.25 range. Either way, from Monday's opening of around $55.95, there is a nice amount of meat left on the bond for MET's bullish contingent. Overall… Although it may be underperforming some of its peers, the chart of MetLife's stock tells investors that there is more upside to come – barring any sudden changes – and that the move here is to hold onto longs.