Stairway To Heaven

Insurance and Financial Services provider Conseco
(
CNC |
Quote |
Chart |
News |
PowerRating)
, while well off
its highs, is exhibiting signs of life, both on the chart and in its technical
indications. The stock is holding a three-month
relative strength rating of 94
and an uptrending ADX of 51 from
TradingMarkets.com.

The price action of CNC is making it an interesting stock to
watch, as it is showing the thrust-pause-and-thrust-again activity typical of a
stock establishing a strong trend. This equity has also caught the attention of
the options players, as we have unusually high call volume taking place
across the February 15 and 17 1/2 strike prices. If the trend continues, a run
towards the old high around 35 could provide traders with several opportunities
to profit from Conseco’s good fortunes.