QBE – QBE Insurance Group Ltd

These extracts from my trading diary are for educational purposes and should not be interpreted as investment or trading advice: Terms of use

Code:

Company Name:

Sector:

Size:

Confirmed Trend:

QBE

QBE Insurance Group Ltd

Insurance

ASX Top 50

Commentary:

QBE Insurance Group has finally given us our Dow Theory exit at $21.42, making a lower peak and closing below the previous trough on a weekly chart. While not a huge gain from our last Dow Theory entry at $20.53, this holds well with QBE’s 73% win percentage. Using this method also ensures we catch the longer running trends when they do occur.

Backtested Results:

Using Dow Theory on a weekly chart, QBE Insurance Group has an amazing 73% win percentage, with a 2.4 to 1 profit to loss ratio.

Click the chart below to enlarge: