China LIfe Insurance (LFC) NewsBite - China Life Eyes Oversea Investment
Wed. August 27, 2008; Posted: 10:38 AM
Aug 27, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- China LIfe Insurance (NYSE:
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PowerRating) opened at $57.01. So far today, the stock has hit a low of $56.75 and a high of $57.67. LFC is now trading at $57.61, up $2.46 (4.46%). The stock hit its 52-Week high of $106.75 in July and set its 52-Week low of $48.17 in March. China Life Insurance announced it is looking into overseas investment opportunities after cutting its stake in credit-card firm Visa Inc. (V) by half. The insurer is interested in financial companies that complement its existing business Technical indicators for the stock are neutral and S&P gives LFC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LFC the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 52.50 range.
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For full details on China Life Insurance Company Limited ADS (LFC)
click here. China Life Insurance Company Limited ADS (LFC) has Short Term PowerRatings of 4. Details on China Life Insurance Company Limited ADS (LFC) Short Term PowerRatings is available at
This Link.
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