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Time to Buy China Life Insurance Company Ltd. (LFC) After Recent Moving Average Crossover?

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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.

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