OMU likely to outperform SLM?
A price action below 4.9240 supports the idea that SLM is likely to underperform OMU.
Increase the short exposure for a break below 4.8725,
The target price is set at 4.6680.
The stop-loss price is set at 5.1285 (upper range of the linear regression channel pattern.
Notice how the linear regression channel pattern is sloping downwards (supporting SLM to underperform OMU).
A life insurance pair trade idea involves taking a long position in one life insurance company (OMU) while taking a short position in another life insurance company (SLM. The goal of this strategy is to profit from the relative performance of the two companies.
A price action below 4.9240 supports the idea that SLM is likely to underperform OMU.
Increase the short exposure for a break below 4.8725,
The target price is set at 4.6680.
The stop-loss price is set at 5.1285 (upper range of the linear regression channel pattern.
Notice how the linear regression channel pattern is sloping downwards (supporting SLM to underperform OMU).
A life insurance pair trade idea involves taking a long position in one life insurance company (OMU) while taking a short position in another life insurance company (SLM. The goal of this strategy is to profit from the relative performance of the two companies.