Add some insurance to your portfolio
American National Insurance has been hitting new highs almost every day.
It came into my view when I used BarChart to screen for stocks hitting new highs and trading more than 100,000 shares per day. ANAT hit 16 new highs in the last 20 trading sessions and in three of the last five days. It has had a 36% price appreciation in the last 65 days.
BarChart has 13 technical indicators, and this stock has buy signals on all 13 for a 100% buy rating.
The stock doesn't have a Wall Street following, but there also isn't any bad news on the Internet.
I always try to see how it is rated on other sites and on Wall Street Survivor Mark's checklist has a 5 of 5 Survivor Sentiment and a 5 for 5 technical rating. Over on Motley Fool CAPS members feel the stock will out perform the market 28 to 7 with the All Stars voting 10 to 2.
This stock has what I look for:
- It's hitting new highs all the time
- There aren't any brokerage analysts trashing it
- Other rating sites are favorably rating the stock
Recommendation: I'm adding American National Insurance to my Wall Street Survivor portfolio at around 108 and would hold it until it failed to trade above its 50 day moving average.
This was the last trading day of the month and four of our eight Wall Street Survivor participants beat the market return of 5.51%.
Anthony Mirhaydari beat us all with a 21.40% return and I came in second with a November return of 8.33%.
Disclosure: I do not hold positions in any of the stocks in my Wall Street Survivor portfolio.
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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
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