Great-West Life (GWO:TSX) candlestick chart analysis

Another breakout for Great-West Life on the daily chart
Another breakout for  Great-West Life on the daily candlestick chart.  RSI is confirming the uptrend.

Great-West Life Candlestick Chart

The Lifecos are having a good run as the bond yields increase and the US indexes advance. Combine this with an above average dividend yield and the rally may continue. Great-West Life, Power Financial, Manulife and Sun Life are all moving to the upside.

Reference the Great-West Life website to review the fundamental data for the company.

Reference my last chart analysis for the TSX Index which is currently struggling in a consolidation range due to the energy and materials components.

“If rates drop 100 bps, Great-West would see its core earnings drop an estimated 9%, compared with 33% for Manulife and 45% for Sun Life. As a result, Mr. Aiken prefers Great-West Life based on its smaller exposure to interest rates.”

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012

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