Verisk Analytics is a provider of data analytics services and risk-management solutions to the finance industry. Verisk has long-term contracts and subscriptions and primarily serves US customers. Verisk is believed to have a monopoly in the property and casualty insurance industry. The largest 100 P/C insurance customers are customers of Verisk, and they have deep ties with the firm. Verisk also has a track record of bringing new products and making acquisitions. Its long-term prospects appear bright.

The monthly long-term chart for Verisk shows a clear and steady uptrend that has accelerated since 2018. The most significant retracements during this uptrend have happened in March 2020 and early 2021. The price fell by 20% over January and February of 2021 before the price bounced back up from the bottom of the longer-term trend as well as from an important level at $162. The $162 level has previously acted as a resistance and is now acting as a support. The likely price target now looks like $210. A minimum stop loss can be placed at $155.

Position entered into our long-term tracking portfolio today. The entry point is at $174.94, and the stop loss is placed at $131.56, which is 24% below the entry point. The short-term to medium take profit is at the top of the trend and is set at $216, giving a profit of 24%.