Are you a technical investor? If so, it may be time to consider China Life Insurance Company Ltd. ( LFC ) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for LFC.
This trend may have already begun, as shares of LFC have moved by higher by 6.3% in just the past month. Plus, LFC has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for China Life Insurance Company Ltd. has plenty of life left.