China Life Insurance Company Limited (LFC) has risen sharply, recording gains of 5.91% in the past 4 weeks. However, the stock has corrected -2.9% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.71% and the 50-Day Moving Average is 6.19%.The 200 Day SMA reached 8.63%
China Life Insurance Company Limited (NYSE:LFC): The stock opened in the green at $13.01 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $13.12 and a low of $12.95 for the day. The stock did not find buyers even at the lows and closed at $13.08 recording a loss of -0.53%. 669,702 shares exchanged hands during the trading day. The stock had closed at $13.08 in the previous days trading.
China Life Insurance Company Limited is a life insurance company. The Company and its subsidiaries are principally engaged in providing individual and group life insurance, annuity products, and accident and health insurance in China. It operates in five operating segments: Individual life insurance business, which relates to the sale of long-term insurance contracts and universal contracts; Group life insurance business, which relates to the sale of long-term insurance contracts and investment contracts; Short-term insurance business, which relates primarily to the sale of short-term insurance contracts; Supplementary major medical insurance business, which relates primarily to the sale of supplementary major medical insurance contracts, and Other businesses.