P&C Insurance Name in Strong Trend Forms High Tight Flag
Cincinnati Financial (CINF) shares of the insurance company are coiling in a strong looking bull flag near recent high and printed a hammer candle off the lower edge value on Monday. CINF can see a breakout above 137 that should target a first objective at 141 as a fib extension level and then 143.50. CINF still has 360 November $120 ITM calls in open interest from the buyers on 4/17 that have more than doubled.
