What the charts say about QBE, IAG, AMP, and MPL

Michael Gable

Fairmont Equities

Insurance stocks have provided Australian investors with plenty of joy and frustration over the years. From the devastation after 9/11, the likes of QBE Insurance and IAG eventually recovered and went on to post remarkable share price gains. Insurance stocks, by their nature, have volatile earnings because natural disasters and other claims can strike at any time. As a result, I have been wary of recommending them to my clients, but do any of their charts suggest a buying opportunity? My most successful investment recommendations occur when we have a situation of positive company fundamentals matching up with positive technical signals. My philosophy is that we need to employ both techniques, not just one in isolation, and this has proven to be crucial in picking winners. It's interesting to note that with the four largest insurance stocks, QBE, IAG, AMP and Medibank Private, the fundamentals and technicals do not always agree. This gives us some interesting insights. The ASX has asked me to look at the charts for each of these stocks The full article is available here - (VIEW LINK)


Michael Gable
Managing Director
Fairmont Equities

Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...

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