Pairs Trade with BEN AFL

 

This is a pairs trade idea involving BEN (Franklin Resources Inc) and AFL (Aflac Inc). Here is the daily chart for BEN:

Chart shows continued weakness as it is not able to break above declining trend line. This is the short component to the pairs trade. Next is the AFL daily chart:

As you can see in the chart above that it has made a recent B/O attempt and is pulling back today. This the long component to the trade.

So in summary, this is a Short 1 lot of BEN and go Long 2.6 lots of AFL.

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