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For today's chart we've chosen to take a look at MetLife Inc (NYSE:MET) because it bounced off an interesting level of resistance. As you can see from the chart below, the stock has recorded a series of lower highs, which is used by technical traders to signal a downtrend. We also noticed that the 50-day moving average has prevented the stock from moving higher on several occasions in the past and there is little reason to expect this story to change now.

We expect that many bearish traders will watch for a move toward the January low. It wouldn't be surprising to see these traders protect their positions by setting a stop-loss order above the 50 day-moving average (green line). We'll keep a bearish outlook on this stock until the bulls are able to send the price above the nearby resistance of the trendline/50 DMA.


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