IAG 0.53% $7.52 insurance australia group limited

News: IAG Insurance Australia Group reaches $99 mln settlement over mis-sold insurance, page-29

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    Insurance Australia Group ST: the upside prevails as long as 5.1 is support (IAG)FROM CMC MARKETS RESEARCH 17/11/20
    Our pivot point stands at 5.1.

    Our preference: the upside prevails as long as 5.1 is support.

    Alternative scenario: below 5.1, expect 4.85 and 4.71.

    Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 4.93 and 4.76).

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